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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2055 Grande Blvd Tyler, TX 75703-0526

    • Assisted living facilities
    • 109,616 SF
    • 7.02 lot acres
    OFF-MARKET
    Last Sale
    Dec 08, 2022
    Value Estimations
    $1,575,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1136991
    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

    • Garden Estates of Tyler / Nursing Home / Retirement Community

    Property Details for 2055 Grande Blvd

    Year built
    1999
    Lot size
    7.02 lot acres
    Property size
    109,616 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    1-50000-1548-00-003000
    APU
    150000154800003000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $2,290,000
      Current use
      INDUSTRIAL (GENERAL)
      $2,565,000
      Change: +12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.3285
    Latitude
    32.282
    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
    $165,491
    $841,450
    $8,652,213
    $9,493,663
    -
    $841,450
    $8,652,213
    $9,493,663

    Comparable in this City

    • Value Estimation
      $790,000
      39,355 SF

      2875 Shiloh Rd

      HOMES (RETIRED, NURSING) • 39,355 SF
      2875 Shiloh Rd, Tyler, TX 75703-2936
      View Details
    • Value Estimation
      $1,085,000
      45,125 SF

      5317 New Copeland Rd

      HOMES (RETIRED, NURSING) • 45,125 SF
      5317 New Copeland Rd, Tyler, TX 75703-3963
      View Details
    • Value Estimation
      $1,205,000
      90,410 SF

      2498 3rd Lks Pkwy

      HOMES (RETIRED, NURSING) • 90,410 SF
      2498 3rd Lks Pkwy, Tyler, TX 75703
      View Details
    • Value Estimation
      $875,000
      34,758 SF

      2780 3rd Lks Pkwy

      HOMES (RETIRED, NURSING) • 34,758 SF
      2780 3rd Lks Pkwy, Tyler, TX 75703-0748
      View Details
    • Value Estimation
      $1,220,000
      59,534 SF

      6928 Paluxy Dr

      HOMES (RETIRED, NURSING) • 59,534 SF
      6928 Paluxy Dr, Tyler, TX 75703-5982
      View Details
    • Value Estimation
      $1,140,000
      57,918 SF

      11667 Shoreline Dr

      HOMES (RETIRED, NURSING) • 57,918 SF
      11667 Shoreline Dr, Tyler, TX 75703-7478
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      100,000 SF

      Future Office & Medical Development

      Office and medical development with retail, multi-family, and senior housing.
      3556 W Grande Blvd, Tyler, TX 75703
      View Details
    • Contact for pricing
      1,000 SF

      Butler Creek Office Condos

      Prime Tyler, TX medical/office space
      3556 Grande Blvd, Tyler, TX 75703
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    • $153,900
      0.57 Acres

      Residential Lot in Legacy Bend

      0.565-acre lot in gated Legacy Bend community, Tyler, TX.
      7933 Maple Ln, Tyler, TX 75703
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    • $380,000
      1.32 Acres

      Land Available on New Copeland

      Commercial or residential lots with excellent visibility and convenient access.
      5783 New Copeland Rd, Tyler, TX 75703
      View Details
    • $130,000
      0.29 Acres

      Residential Lot in Forest Ridge

      Residential lot for sale in Tyler's Forest Ridge community.
      79 Crosslake Blvd, Tyler, TX 75703
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    • $150,000
      0.50 Acres

      Unimproved Land Near Old Jacksonville

      0.503 acre lot with utilities available near retail corridor.
      2731 Crow Rd, Tyler, TX 75703
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    Similar Nearby for Lease

    • 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
    • $12 SF/Yr
      8,102 SF

      Kinsey Plaza Office Suites

      Tyler, TX Office Space Available
      1420 Loop Rd 323, Tyler, TX 75703
      View Details
    • $14 SF/Yr
      22,131 SF

      Shiloh Office Park: Tyler, TX

      Class B Office Space Available
      921 Shiloh Rd, Tyler, TX 75703
      View Details
    • $25 SF/Yr
      40,000 SF

      Millennium Plaza Office Suites

      Tyler, TX: Class A Office Space Available
      5230 Old Jacksonville Hwy, Tyler, TX 75703
      View Details
    • $40 SF/Yr
      3,055 SF

      High-Visibility Tyler Medical Office

      Prime Tyler location, 3,055 sq ft, high traffic.
      2119 Loop Rd 323, Tyler, TX 75703
      View Details
    • Contact for pricing
      1,206 SF

      Office Space in Millennium Plaza

      Office units for lease in a full-service gross building.
      5230 Old Jacksonville Hwy, Tyler, TX 75703
      View Details
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    2055 Grande Blvd
    Tyler, TX 75703-0526
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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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