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    Property profile & analytics

    2209 Erwin St Tyler, TX 75702-6718

    • Investment properties
    • 504 SF
    • 0.74 lot acres
    OFF-MARKET
    Value Estimations
    $260,000
    Show details
    Cap Rate Potential
    2.1%
    Investment properties
    Location Intelligence
    Property ID
    US83-4060049
    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

    • Tip Top Packing Co. / Wholesaler

    Property Details for 2209 Erwin St

    Year built
    1957
    Lot size
    0.74 lot acres
    Property size
    504 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    1-50000-0668-00-006020
    APU
    150000066800006020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.3255
    Latitude
    32.3507
    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
    $1,168
    $58,021
    $8,977
    $66,998
    -
    $58,021
    $8,977
    $66,998

    Comparable in this City

    • Value Estimation
      $270,000
      2,400 SF

      2415 Erwin St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,400 SF
      2415 Erwin St, Tyler, TX 75702-6424
      View Details
    • Value Estimation
      $255,000
      7,460 SF

      1603 Earle St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,460 SF
      1603 Earle St, Tyler, TX 75702-6300
      View Details
    • Value Estimation
      $235,000
      840 SF

      620 Glenwood Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 840 SF
      620 Glenwood Blvd, Tyler, TX 75702-5433
      View Details
    • Value Estimation
      $250,000
      1,416 SF

      123 Houston St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,416 SF
      123 Houston St, Tyler, TX 75702-8130
      View Details
    • Value Estimation
      $285,000
      5,245 SF

      402 Frnt St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,245 SF
      402 Frnt St, Tyler, TX 75702-8025
      View Details
    • Value Estimation
      $290,000
      3,080 SF

      3325 Chandler Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 3,080 SF
      3325 Chandler Hwy, Tyler, TX 75702-7648
      View Details

    Similar Nearby for Sale

    • New
      $790,000
      10,000 SF

      Downtown Tyler Redevelopment Opportunity

      Seven-building, ten-unit property near courthouse with redevelopment potential.
      400 E Ferguson St, Tyler, TX 75702
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    • $1,200,000
      4.18 Acres

      Prime Tyler Storefront Opportunity

      15,000 SF Climate-Controlled Retail Space
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    • $325,000
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      Tyler, TX Mini Warehouse Buildings

      Two mini warehouse buildings with 12 units in Tyler.
      2916 Chandler Hwy, Tyler, TX 75702
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    • $749,000
      9.55 Acres

      Tyler, TX Commercial Development Land

      9.554 acres of commercial development land in West Tyler.
      605 N Northwest Loop 323, Tyler, TX 75702
      View Details
    • $1,200,000

      Land For Sale Tyler, TX

      Land available for purchase in Tyler, Texas.
      641 E Southeast Loop 323, Tyler, TX 75702
      View Details
    • $460,000
      2,688 SF

      Tyler Office Space For Sale

      Office property featuring 2,688 square feet of space.
      709 S Bois D Arc Ave, Tyler, TX 75702
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,216 SF

      Prime Tyler QSR/Retail Opportunity

      2,216 SF Single-Tenant Building, Drive-Thru
      3816 State Highway 64, Tyler, TX 75702
      View Details
    • $12 SF/Yr
      19,520 SF

      Jordan Plaza Office Suite Available

      1,534 SF Office in Tyler, TX
      115 Jordan Plaza Blvd, Tyler, TX 75702
      View Details
    • $12 SF/Yr
      9,000 SF

      Downtown Tyler Retail Space

      Prime Retail, 3,000-6,000 SF Available
      106 Elm St, Tyler, TX 75702
      View Details
    • $960,000
      8,000 SF

      Retail Property Near Tyler High

      NNN lease property with a strong customer base.
      1527 N Northwest Loop 323, Tyler, TX 75702
      View Details
    • $12 SF/Yr
      1,700 SF

      Office Space Available For Rent

      Office space available for lease, totaling 1,700 square feet.
      13387 Mineola Hwy, Tyler, TX 75702
      View Details
    • $4,600 /Mo
      24,394 SF

      Tyler Retail/Warehouse Space For Lease

      Retail/warehouse space with high visibility and multiple overhead doors.
      3216 W Gentry Pkwy, Tyler, TX 75702
      View Details
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    2209 Erwin St
    Tyler, TX 75702-6718
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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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