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

    2151 Frankston Hwy Tyler, TX 75701-3808

    • Outlet malls
    • 42,693 SF
    • 8.25 lot acres
    OFF-MARKET
    Value Estimations
    $4,530,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9832736
    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

    • Primo Water Refill & Exchange / Big Box & Wholesale Store
    • Walmart Neighborhood Market / Grocery & Convenience Store / Food Market
    • Walmart Pharmacy / Pharmacy
    • Walmart Bakery / Bakery / Specialty Food Shop
    • Walmart Connection Center / Mobile Phone Store / Electronics & Wireless Store

    Property Details for 2151 Frankston Hwy

    Year built
    2015
    Lot size
    8.25 lot acres
    Property size
    42,693 SF
    Property type
    Outlet malls
    APN
    1-50000-0836-00-002010
    APU
    150000083600002010

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $5,253,000
      Market price range: $1.49M - $5.25M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,465,000
      Current use
      RESTAURANT
      $4,375,000
      Change: +26% Conversion: Easy
      COMMERCIAL (GENERAL)
      $4,365,000
      Change: +26% Conversion: Easy
      OFFICE BUILDING
      $4,155,000
      Change: +20% Conversion: Easy
      AUTO REPAIR, GARAGE
      $3,035,000
      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
    -95.3163
    Latitude
    32.3269
    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
    $78,613
    $1,077,587
    $3,432,147
    $4,509,734
    -
    $1,077,587
    $3,432,147
    $4,509,734

    Comparable in this City

    • Value Estimation
      $3,670,000
      109,920 SF

      3901 Old Jacksonville Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 109,920 SF
      3901 Old Jacksonville Rd, Tyler, TX 75701-8519
      View Details
    • Value Estimation
      $2,555,000
      59,721 SF

      2125 Broadway Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 59,721 SF
      2125 Broadway Ave, Tyler, TX 75701-4214
      View Details
    • Value Estimation
      $595,000
      8,000 SF

      3505 Frankston Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 8,000 SF
      3505 Frankston Hwy, Tyler, TX 75701-8911
      View Details
    • Value Estimation
      $6,015,000
      65,666 SF

      1415 Beckham Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 65,666 SF
      1415 Beckham Ave, Tyler, TX 75701
      View Details
    • Value Estimation
      $3,675,000
      136,482 SF

      2025 Ssw Loop 323

      WHOLESALE OUTLET, DISCOUNT STORE • 136,482 SF
      2025 Ssw Loop 323, Tyler, TX 75701-0763
      View Details
    • Value Estimation by Request
      78,594 SF

      2702 5Th St

      Lifestyle centers • 78,594 SF
      2702 5Th St, Tyler, TX 75701
      View Details

    Similar Nearby for Sale

    • $7,950,000
      78,594 SF

      2702 5Th St

      Lifestyle centers • 78,594 SF
      2702 5Th St, Tyler, TX 75701
      View Details
    • $1,068,955
      9,467 SF

      Anderson Automotive Investment Opportunity

      Tyler, TX Auto Shop - High ROI
      2019 Loop Rd 323, Tyler, TX 75701
      View Details
    • $1,500,000
      6,370 SF

      Retail Building on Broadway Avenue

      Retail building for sale in Tyler, Texas.
      3910 S Broadway Ave, Tyler, TX 75701
      View Details
    • $4,652,175
      2,340 SF

      7-Eleven Investment Opportunity

      NNN Leased Tyler, TX 7-Eleven
      3401 S Broadway Ave, Tyler, TX 75701
      View Details
    • Contact for pricing
      4,376 SF

      Loop 323 Freestanding Retail Building

      Freestanding retail building with excellent visibility and easy access.
      1593 W Southwest Loop 323, Tyler, TX 75701
      View Details
    • $4,652,175
      2,340 SF

      NNN Investment Opportunity in Tyler

      NNN leased retail property with corporate guarantee and scheduled rent increases.
      3401 S Broadway Ave, Tyler, TX 75701
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,986 SF

      Retail Center in Tyler, Texas

      Retail center with high visibility and an updated facade.
      225 E Amherst Dr, Tyler, TX 75701
      View Details
    • Contact for pricing
      1,227 SF

      Retail Center in Tyler, Texas

      78,700 SF retail center with high visibility and access.
      3400 S Broadway Ave, Tyler, TX 75701
      View Details
    • Contact for pricing
      2,914 SF

      Retail Center in Tyler, Texas

      Retail center with high visibility and an updated facade.
      3500 S Broadway Ave, Tyler, TX 75701
      View Details
    • $12 SF/Yr
      78,594 SF

      Loop East Shopping Center: Tyler, TX

      Retail Center, High Visibility, 4 Spaces Available
      2702 5Th St, Tyler, TX 75701
      View Details
    • $12 SF/Yr
      37,608 SF

      Tyler Town Centre Retail Center

      Prime Tyler retail space, multiple units available.
      322 Loop Rd 323, Tyler, TX 75701
      View Details
    • Contact for pricing
      3,080 SF

      Retail Center on Broadway Avenue

      78,700 SF retail center with updated facade.
      3502 S Broadway Ave, Tyler, TX 75701
      View Details

    Property Visit Statistics

    • Visits by month
      61.4k
    • Visitors by month
      28.2k
    • Avg Time on site
      18 min
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    Tyler, TX 75701-3808
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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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