Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    2026 Republic Dr Tyler, TX 75701-8422

    • Investment properties
    • 7,712 SF
    • 0.46 lot acres
    OFF-MARKET
    Value Estimations
    $245,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3898455
    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

    • ERI Consulting Inc / Asbestos Testing Service
    • Benchmark Design Group LLC / Civil Engineer
    • Summit Lending Group Inc / Mortgage Lender

    Property Details for 2026 Republic Dr

    Year built
    1984
    Lot size
    0.46 lot acres
    Property size
    7,712 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    1-50000-0900-03-017010
    APU
    150000090003017010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $245,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.3271
    Latitude
    32.3048
    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
    $3,943
    $60,113
    $166,073
    $226,186
    -
    $60,113
    $166,073
    $226,186

    Comparable in this City

    • Value Estimation
      $240,000
      1,537 SF

      2103 Fleishel Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,537 SF
      2103 Fleishel Ave, Tyler, TX 75701-4440
      View Details
    • Value Estimation
      $485,000
      18,872 SF

      2916 Teague Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 18,872 SF
      2916 Teague Dr, Tyler, TX 75701-3734
      View Details
    • Value Estimation
      $280,000
      3,120 SF

      2521 Telephone Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,120 SF
      2521 Telephone Rd, Tyler, TX 75701-7339
      View Details
    • Value Estimation
      $290,000
      7,800 SF

      1001 2nd St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,800 SF
      1001 2nd St, Tyler, TX 75701-3312
      View Details
    • Value Estimation
      $270,000
      6,000 SF

      3320 Shaw St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,000 SF
      3320 Shaw St, Tyler, TX 75701-1071
      View Details
    • Value Estimation
      $340,000
      8,302 SF

      117 Shelley Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 8,302 SF
      117 Shelley Dr, Tyler, TX 75701-8724
      View Details

    Similar Nearby for Sale

    • $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
      View Details
    • $6,608,000
      50,261 SF

      Tyler TX SFR Portfolio: 38 Units

      High-Yield East Texas Rental Homes
      75702 75703, Tyler, TX 75701
      View Details
    • $750,000
      5,220 SF

      Amherst Street Office Building

      Prime Tyler, TX Office Space - $750,000
      200 Amherst St, Tyler, TX 75701
      View Details
    • $750,000
      5,220 SF

      Prime Tyler Office Building

      Spacious office, ample parking, great location.
      200 Amherst Dr, Tyler, TX 75701
      View Details
    • $85,000

      Land Available in Tyler, Texas

      Land for sale at 2201 N Broadway Ave, Tyler, TX
      2201 N Broadway Ave, Tyler, TX 75701
      View Details
    • $7,950,000
      78,594 SF

      Tyler Retail Property For Sale

      Retail property available for purchase in Tyler, Texas.
      2704 E 5Th St, Tyler, TX 75701
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,000 SF

      Midtown Retail Center, Tyler, TX

      Prime Tyler retail space, multiple suites available.
      0 Beckham Ave, Tyler, TX 75701
      View Details
    • $11 SF/Yr
      25,527 SF

      Lone Star Shopping Center: Tyler, TX

      Retail Center - High-Traffic Location
      2400-2500 5Th St, Tyler, TX 75701
      View Details
    • $16 SF/Yr
      48,309 SF

      SouthPark Centre Office Space in Tyler, TX

      Prime Tyler Office Space: Flexible Suites Available
      1828 Loop Rd 323, Tyler, TX 75701
      View Details
    • $12 SF/Yr
      20,417 SF

      Tyler Retail Center Investment Opportunity

      Grocery-anchored retail space, 4 units available.
      4007 Broadway Ave, Tyler, TX 75701
      View Details
    • $12 SF/Yr
      45,482 SF

      2301 Broadway Ave

      Office Properties & Spaces • 45,482 SF
      2301 Broadway Ave, Tyler, TX 75701
      View Details
    • $3,500 /Mo
      6,000 SF

      Tyler Office/Warehouse Space for Lease

      6,000 SF office/warehouse space available for lease.
      3810 Timms St, Tyler, TX 75701
      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.
    2026 Republic Dr
    Tyler, TX 75701-8422
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.