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Property profile & analytics
FOR LEASE
Warehouses
2340 E Erwin St Tyler, TX 75702
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-7684000
For Lease
1 / 3
$1,500/Mo
2340 E Erwin St, Tyler, TX 75702
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2001
Construction
STEEL FRAME
Total area
20,000 SF
Lot
14.98 ac (652,659 SF)
APN
1-50000-0917-01-002000
UPID
US82-7684000
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.60M
Comparable Approach
Comparable
$1.28M
Blend (final)
Blend
$1.44M
Owner & transaction history
Drake Self Storage LLC · 3 yrs held
Drake Self Storage LLC
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.3M
+113.1%
Commercial (general)
$2.2M
+101.0%
Auto repair, garage
$2.1M
+91.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Tyler submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tyler submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,730,000
6.5%
$1,600,000
7%
$1,485,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,090,000
Current use
RESTAURANT
$2,320,000
Change: +113% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,190,000
Change: +101% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,090,000
Change: +92% · Conversion: Easy
OFFICE BUILDING
$1,830,000
Change: +68% · Conversion: Difficult
RETAIL STORES
$1,815,000
Change: +67% · Conversion: Moderate
Blend value · Realmo final
$1.44M
Range $1.30M – $1.58M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$72 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$10,030
Tax year 2024
Assessed value
$575,397
Assessed 2024
Previous assessed
$888,319
-35.2% YoY
Effective rate
1.74%
On assessed value
Assessed land
$202,324
Assessed improvement
$373,073
Land market value
$202,324
Improvement market value
$373,073
Total market value
$575,397
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
2001
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
20,000 SF
Lot
14.98 ac (652,659 SF)
APN
1-50000-0917-01-002000
UPID
US82-7684000
Jurisdiction
SMITH
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.1M
RESTAURANT
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.1M
OFFICE BUILDING
Est. value
$1.8M
RETAIL STORES
Est. value
$1.8M
WAREHOUSE, STORAGE Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
14.98 ac
Current owner
From public records · entity-resolved
Drake Self Storage LLC
Entity
Free & Clear · 3 yrs held
Mailing address
7613 TIMBER TRL, TYLER, TX 75703-0699
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2023
—
Drake Self Storage LLC
Andiamo Investments LLC
Venders Lien
—
Feb 27, 2020
—
Andiamo Investments LLC
—
Deed
related
$1,066,690 · American St Bk
Mar 5, 2019
—
Ana Ramirez-vela
—
Deed
related
$50,736 · Southside Bk
Feb 7, 2018
—
Andiamo Investments LLC
—
Deed
related
$1,066,690 · American St Bk
Mar 13, 2008
—
Cdj Ptshp
—
Deed Of Trust
related
$1,500,000 · Austin Bank Texas NA
—
—
Ana Ramirez-vela
—
Deed Of Trust
related
$50,736 · Southside Bk
—
—
Andiamo Investments LLC
—
Loan Modification
related
$1,066,690 · American St Bk
—
—
Andiamo Investments LLC
—
Deed Of Trust
related
$1,066,690 · American St Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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