Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2004 Blue Mountain Blvd Tyler, TX 75703

    • Commercial real estate
    • 0.82 lot acres
    For Sale
    View listing
    $284,708
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3601279
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2004 Blue Mountain Blvd

    Lot size
    0.82 lot acres
    Property type
    Commercial real estate
    APN
    1-50000-1137-16-007000
    APU
    150000113716007000

    Description

    This exceptional 1.56-acre commercial land parcel, located at 2004 Blue Mountain Blvd in Tyler, Texas (zip code 75703), presents a unique investment opportunity. The property is zoned C-1, allowing for a variety of commercial uses including office spaces, retail establishments, and restaurants. Its strategic location offers excellent access to major thoroughfares such as South Broadway, Old Jacksonville Highway, and Loop 49, ensuring high visibility and convenient access for customers and employees. The land is situated near a new residential development and Jack Elementary School, providing a strong potential customer base. The property's APN is 150000113716007000. The asking price is $475,675, translating to a land value of $7 per square foot. While the property is listed as a single parcel, it's comprised of two lots (0.742 acres and 0.817 acres) that can be purchased individually or together. This prime location and flexible zoning make this an ideal investment for developers and businesses seeking a high-traffic area with significant growth potential in Smith County, Texas.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.3395
    Latitude
    32.255
    CBSA code
    46340
    CBSA name
    TYLER, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,861
    $106,766
    $0.00
    $106,766
    -
    $106,766
    $0.00
    $106,766

    Comparable in this City

    • Value Estimation by Request
      14.70 Acres

      49 Broadway & Loop

      Land • 14.70 Acres
      49 Broadway & Loop, Tyler, TX 75703
      View Details
    • Value Estimation by Request
      7.98 Acres

      16326 State Highway 155

      Land • 7.98 Acres
      16326 State Highway 155, Tyler, TX 75703
      View Details
    • Value Estimation by Request
      0.65 Acres

      6555 Old Jacksonville Hwy

      Land • 0.65 Acres
      6555 Old Jacksonville Hwy, Tyler, TX 75703
      View Details
    • Value Estimation by Request
      0.54 Acres

      7276 Old Jacksonville Hwy

      COMMERCIAL (GENERAL) • 0.54 Acres
      7276 Old Jacksonville Hwy, Tyler, TX 75703-0595
      View Details
    • Value Estimation by Request
      3.99 Acres

      1478 Rice Rd

      COMMERCIAL (GENERAL) • 3.99 Acres
      1478 Rice Rd, Tyler, TX 75703-3231
      View Details
    • Value Estimation
      $580,000
      3.50 Acres

      213 Rieck Rd

      COMMERCIAL (GENERAL) • 3.50 Acres
      213 Rieck Rd, Tyler, TX 75703
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      104.00 Acres

      Prime Tyler, TX Commercial Land

      104 Acres at Major Intersection
      2571 Grande Blvd, Tyler, TX 75703
      View Details
    • $650,000
      4.16 Acres

      Tyler Commercial Land - 4.16 Acres

      Prime Development Opportunity in Tyler, TX
      3111 Grande Blvd, Tyler, TX 75703
      View Details
    • $385,000
      875 SF

      High-Visibility Tyler Commercial Lot

      Prime half-acre lot, high traffic count.
      5102 Old Jacksonville Hwy, Tyler, TX 75703
      View Details
    • $350,000
      3,020 SF

      Tyler Duplex Investment Opportunity

      Four-unit duplex, high occupancy, prime location.
      2304 Aberdeen Dr, Tyler, TX 75703
      View Details
    • $645,000
      2.12 Acres

      Prime Tyler Commercial Land

      2.116 Acres, High Visibility, Development Ready
      5743 Paluxy Dr, Tyler, TX 75703
      View Details
    • $425,145
      0.56 Acres

      Prime Tyler Commercial Land

      0.56 acre lot, RPO zoning, excellent access.
      2164 Cumberland Rd, Tyler, TX 75703
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      200,000 SF

      Broadway Ave Retail Center

      Tyler, TX: Prime Retail Space Available
      8900 Broadway Ave, Tyler, TX 75703
      View Details
    • Contact for pricing
      700,000 SF

      Cumberland Park Retail Center

      Tyler, TX: Prime Retail Space Available
      8926 Broadway Ave, Tyler, TX 75703
      View Details
    • Contact for pricing
      7,000 SF

      Tyler, TX Industrial Flex Space

      Modern Flex/Warehouse Units - 700-7000 sqft
      15426 Old Jacksonville Hwy, Tyler, TX 75703
      View Details
    • $18 SF/Yr
      2,976 SF

      South Tyler Class A Office Space

      Prime South Tyler Office: 2,976 sq ft, Class A.
      1015 Pruitt Pl, Tyler, TX 75703
      View Details
    • $15 SF/Yr
      112,000 SF

      Highland Village Retail Center

      Tyler, TX: Prime Retail Space Available
      3900 Troup Hwy, Tyler, TX 75703
      View Details
    • Contact for pricing
      100,000 SF

      Shops at Butler Creek: Medical/Office

      Tyler, TX: Prime Office Space Available
      3556 Grande Blvd, Tyler, TX 75703
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2004 Blue Mountain Blvd
    Tyler, TX 75703
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.