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    2604 Garden Valley Rd Tyler, TX 75702

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    2604 Garden Valley Rd Tyler, TX 75702

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    • Residential land & home lots
    Off-Market
    Property ID
    US82-6843083
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential land & home lots

    Property Details for 2604 Garden Valley Rd

    Property type
    Residential land & home lots

    Description

    Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to offer builders and developers the opportunity to purchase a 32.4+/- acre, 120-unit duplex development site (the “Site”) located along Garden Valley Road in Tyler, Texas. The Site is currently zoned R-1D and PUR which allows up to 120 units on the 120 platted duplex lots; a Developer can do “for sale” or “for rent” product. It is our understanding the 9.34+/- acres on the southside of Garden Valley Road that is zoned R-ID can also be developed as single family detached homes or modular homes. Ownership’s existing third-party reports and construction plans to be conveyed at Closing. The Site is located less than a mile east of Loop 323. At a price of $11,667 per Developable Unit ($0.99 PSF) , this is an excellent value for entitled lots in a rapidly growing market in East Texas. Ownership would consider Seller Financing with a 50% down payment with a qualified buyer, call to discuss in more detail. To gain access to the Due Diligence Vault click on the link below: Link to Tyler Development Site Due Diligence Vault

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.330453
    Latitude
    32.362334

    Comparable in this City

    • New
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      0.14 Acres

      Residential Lot in Tyler, TX

      Cleared 0.14 acre residential lot in established North Tyler.
      730 W Nutbush St, Tyler, TX 75702
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      Residential Lot in Tyler, TX

      Vacant lot available in Tyler, Texas.
      1403 N Whitten Ave, Tyler, TX 75702
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      0.28 Acres

      Tyler Land Opportunity

      Three lots totaling 0.28 acres in a prime location.
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      0.19 Acres

      Residential Lot Near Azalea District

      Residential lot near Azalea District, ideal for building.
      435 S Ross Ave, Tyler, TX 75702
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      0.17 Acres

      Residential Lot in Tyler, TX

      0.169 acre residential lot in established Tyler neighborhood.
      706 N Della Ave, Tyler, TX 75702
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    • $60,000
      0.69 Acres

      Tyler, TX Vacant Land

      0.69-acre property near downtown Tyler and state park.
      14 W Mims St, Tyler, TX 75702
      View Details

    Similar Nearby for Sale

    • New
      Contact for pricing
      0.14 Acres

      Residential Lot in Tyler, TX

      Cleared 0.14 acre residential lot in established North Tyler.
      730 W Nutbush St, Tyler, TX 75702
      View Details
    • New
      Contact for pricing
      0.19 Acres

      Residential Lot Near Azalea District

      Residential lot near Azalea District, ideal for building.
      435 S Ross Ave, Tyler, TX 75702
      View Details
    • Contact for pricing

      Residential Lot in Tyler, TX

      Vacant lot available in Tyler, Texas.
      1403 N Whitten Ave, Tyler, TX 75702
      View Details
    • Contact for pricing
      0.28 Acres

      Tyler Land Opportunity

      Three lots totaling 0.28 acres in a prime location.
      327 Fairway Ave, Tyler, TX 75702
      View Details
    • Contact for pricing
      0.17 Acres

      Residential Lot in Tyler, TX

      0.169 acre residential lot in established Tyler neighborhood.
      706 N Della Ave, Tyler, TX 75702
      View Details
    • $60,000
      0.69 Acres

      Tyler, TX Vacant Land

      0.69-acre property near downtown Tyler and state park.
      14 W Mims St, Tyler, TX 75702
      View Details

    Similar Nearby for Lease

    • $58,333
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      Tyler Land Ready For Development

      8.38 acres available for warehouse, distribution, or flex space.
      3020 Highway 31 E, Tyler, TX 75702
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      Retail Pad Site For Lease

      Walmart-anchored QSR or redevelopment pad site available for lease.
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      Redevelopment Padsite Near Walmart

      Padsite available for lease in high-traffic, high-growth area.
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      3,000 SF

      Covered Storage and Yard Space

      Lease covered storage with additional yard near East Loop 323.
      2340 E Erwin St, Tyler, TX 75702
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    • $1,500 /Mo
      74,052 SF

      Covered Storage & Yard For Lease

      Covered storage with yard near East Loop 323.
      2340 E Erwin St, Tyler, TX 75702
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    2604 Garden Valley Rd
    Tyler, TX 75702
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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.

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    2604 Garden Valley Rd, Tyler, TX, 75702

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