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    2016 Erwin St Tyler, TX 75702-6415
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2016 Erwin St Tyler, TX 75702-6415

    View on Map
    • Warehouses
    • 6,399 SF
    • 1.28 lot acres
    Off-Market
    Property ID
    US82-2772003
    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.
    Value Estimations
    $575,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Animal Technologies / Laboratory
    • JT2 Pack / Food Processing Plant
    • JT2 Gourmet Burgers & Ranch Market / Food Processing Plant

    Property Details for 2016 Erwin St

    Year built
    1971
    Lot size
    1.28 lot acres
    Property size
    6,399 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    1-50000-0675-07-009020
    APU
    150000067507009020

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $660,000
      6.5%
      $610,000
      7%
      $565,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $544,000
      Market price range: $183k - $545k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $350,000
      Current use
      RESTAURANT
      $740,000
      Change: +113% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $700,000
      Change: +101% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $670,000
      Change: +92% Conversion: Easy
      OFFICE BUILDING
      $585,000
      Change: +68% Conversion: Difficult
      RETAIL STORES
      $580,000
      Change: +67% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.2753
    Latitude
    32.3514
    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
    2024
    $5,507
    $69,084
    $246,853
    $315,937
    -
    $69,084
    $246,853
    $315,937

    Comparable in this City

    • Value Estimation by Request
      3,315 SF

      719 Bois D Arc Ave

      MINI-WAREHOUSE, STORAGE • 3,315 SF
      719 Bois D Arc Ave, Tyler, TX 75702-5313
      View Details
    • Value Estimation by Request
      10,950 SF

      2916 Chandler Hwy

      MINI-WAREHOUSE, STORAGE • 10,950 SF
      2916 Chandler Hwy, Tyler, TX 75702-6731
      View Details
    • Value Estimation by Request
      1,200 SF

      2115 Elm St

      MINI-WAREHOUSE, STORAGE • 1,200 SF
      2115 Elm St, Tyler, TX 75702-6710
      View Details
    • Value Estimation by Request
      5,400 SF

      1905 Elm St

      MINI-WAREHOUSE, STORAGE • 5,400 SF
      1905 Elm St, Tyler, TX 75702-6812
      View Details
    • Value Estimation by Request
      2,790 SF

      227 Englewood Ave

      MINI-WAREHOUSE, STORAGE • 2,790 SF
      227 Englewood Ave, Tyler, TX 75702-6926
      View Details
    • Value Estimation by Request
      1,152 SF

      720 Erwin St

      MINI-WAREHOUSE, STORAGE • 1,152 SF
      720 Erwin St, Tyler, TX 75702-7533
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,600 SF

      Tyler Commercial Property with Warehouse

      9,600 sq ft commercial space with retail and warehouse.
      427 S Glenwood Blvd, Tyler, TX 75702
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    • Contact for pricing
      184,587 SF

      1812 E Duncan St, Tyler, TX 75702

      Manufacturing properties • 184,587 SF
      1812 E Duncan St, Tyler, TX 75702
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    • Contact for pricing
      7,500 SF

      Office/Warehouse on East Front Street

      7,500 SF office/warehouse near Loop 323 in Tyler, TX.
      2100 E Front St, Tyler, TX 75702
      View Details
    • Contact for pricing
      15,000 SF

      Spacious Showroom/Warehouse on Gentry Parkway

      Large showroom/warehouse with expansion potential, inside Loop 323.
      3046 W Gentry Pkwy, Tyler, TX 75702
      View Details
    • $845,000
      13,000 SF

      Tyler Warehouse Property For Sale

      13,000 square foot warehouse property in Tyler, Texas.
      2318 Old Henderson Hwy, Tyler, TX 75702
      View Details
    • $325,000
      Pending

      Tyler Storage Buildings For Sale

      Two storage buildings with 12 units, value-add opportunity.
      2916 Chandler Hwy, Tyler, TX 75702
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo
      74,052 SF

      Covered Storage & Yard For Lease

      Covered storage with yard near East Loop 323.
      2340 E Erwin St, Tyler, TX 75702
      View Details
    • Contact for pricing
      6,000 SF

      Renovated Showroom/Warehouse Space Available

      6,000 SF showroom/warehouse with modern finishes and loading bays.
      2121 W Erwin St, Tyler, TX 75702
      View Details
    • Contact for pricing

      Warehouse/Distribution/Flex Space Opportunity

      Warehouse, distribution, and flex space available for rent.
      3020 State Highway 31 E, Tyler, TX 75702
      View Details
    • Contact for pricing

      Warehouse/Distribution/Flex Space Opportunity

      Build-to-suit opportunity for warehouse, distribution, or flex space users.
      3020 Hwy. 31 E, Tyler, TX 75702
      View Details
    • $4,600 /Mo
      9,500 SF

      Tyler Warehouse with Showroom/Office

      9,500 SF warehouse with showroom and office space for lease.
      3216 W Gentry Pkwy, Tyler, TX 75702
      View Details
    • $1,500 /Mo
      3,000 SF

      Covered Storage & Yard For Lease

      Covered storage and yard space available for lease in Tyler.
      2340 E Erwin St, Tyler, TX 75702
      View Details
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    2016 Erwin St
    Tyler, TX 75702-6415
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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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