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    Property profile & analytics

    2011 S Beckham Ave Tyler, TX 75701

    • Office Units
    • 4,893 SF
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1336827
    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

    • Legacy Hairart / Hair Salon

    Property Details for 2011 S Beckham Ave

    Year built
    1933
    Property size
    4,893 SF
    Property type
    Office Units
    Property subtype
    Retail space

    Description

    Rare real estate investment opportunity in Midtown Tyler, Texas! Three contiguous tracts comprised of +/- 1.09 acres with a considerable +/- 439’ of frontage along South Beckham Avenue. There are three updated homes, built between 1933-1940, that have been leased to 2 separate office users and a hair salon. With the current zoning of Adaptive Reuse (AR) and Restricted Professional Office (RPO), there is potential to redevelop the site into medical or professional office use.

    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
    -95.288956
    Latitude
    32.327194

    Comparable in this City

    • Contact for pricing
      6,370 SF

      Retail Building on Broadway Avenue

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      4,805 SF

      Retail Opportunity Near UT Tyler

      High-visibility retail space across from The University of Texas.
      3806 University Blvd, Tyler, TX 75701
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      Corner Lot in Industrial Area

      Flat corner lot ready for development in industrial office area.
      2936 Teague Dr, Tyler, TX 75701
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      Prime Corner Lot on Loop

      8.291 acres with high visibility on Loop 323.
      3462 Walton Rd, Tyler, TX 75701
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    • $379,000
      3,018 SF

      Updated Tyler Gem with Charm

      Updated 1941 gem with commercial potential and residential warmth.
      145 Rowland Pl, Tyler, TX 75701
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    Similar Nearby for Sale

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      6,370 SF

      Retail Building on Broadway Avenue

      Retail building for sale in Tyler, Texas.
      3910 S Broadway Ave, Tyler, TX 75701
      View Details
    • Contact for pricing

      Corner Lot in Industrial Area

      Flat corner lot ready for development in industrial office area.
      2936 Teague Dr, Tyler, TX 75701
      View Details
    • Contact for pricing

      Prime Corner Lot on Loop

      8.291 acres with high visibility on Loop 323.
      3462 Walton Rd, Tyler, TX 75701
      View Details
    • Contact for pricing
      4,805 SF

      Retail Opportunity Near UT Tyler

      High-visibility retail space across from The University of Texas.
      3806 University Blvd, Tyler, TX 75701
      View Details
    • Contact for pricing

      Glenwood Blvd Commercial Land Available

      1.12 acre commercial land for sale on Glenwood Blvd.
      911 W Glenwood Blvd, Tyler, TX 75701
      View Details

    Similar Nearby for Lease

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      Tyler Retail Center on Broadway

      High-visibility retail center with flexible leasing terms available for rent.
      3400 E Amherst St, Tyler, TX 75701
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      Retail/Office Space Near Loop 323

      High-visibility retail or office space with excellent road access.
      2701 W Loop Rd SW, Tyler, TX 75701
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      Retail/Office/Warehouse Space Available

      Retail, showroom, office, and warehouse space for lease.
      2310 E Loop Rd SE, Tyler, TX 75701
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    • Contact for pricing

      First-Floor Office Space Available

      Office space in full-service building near retail corridor.
      501 Shelley Dr, Tyler, TX 75701
      View Details
    • $20 SF/Yr
      1,076 SF

      Office Space For Rent

      Office space available for lease in Tyler, Texas.
      909 E Southeast Loop 323, Tyler, TX 75701
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    • $12 SF/Yr
      5,000 SF

      Versatile Office Space Available

      Two-story office building with open spaces and private offices.
      111 W 5Th St, Tyler, TX 75701
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    2011 S Beckham Ave
    Tyler, TX 75701
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    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
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