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

    3020 Gentry Pkwy Tyler, TX 75702

    • Commercial real estate
    For Sale
    View listing
    $400,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4388740
    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

    • Commercial real estate

    Property Details for 3020 Gentry Pkwy

    Property type
    Commercial real estate

    Description

    This exceptional 2.33-acre commercial land parcel, located at 3020 W Gentry Pkwy, Tyler, TX 75702, presents a compelling investment opportunity. Situated on a major thoroughfare with over 16,500 vehicles passing daily, this C-1 zoned property boasts unparalleled visibility and accessibility. Its proximity to Loop 323 (less than half a mile) ensures convenient access for customers and employees. The area's strong economic growth, fueled by nearby retail centers like Broadway Square Mall and The Village at Cumberland Park, guarantees a robust customer base. Furthermore, the presence of the University of Texas at Tyler and Tyler Junior College creates a consistent demand for services, while significant residential development in the surrounding area promises continued growth. The 101,669 square foot lot offers flexible zoning options, allowing for diverse development possibilities to suit various business needs. This prime location, coupled with the area's thriving economy and high traffic count, makes this property an exceptional investment with high return potential. The asking price is $400,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.332563
    Latitude
    32.373518

    Comparable in this City

    • $1,200,000

      Land For Sale Tyler, TX

      Land available for purchase in Tyler, Texas.
      641 E Southeast Loop 323, Tyler, TX 75702
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    • $35,000
      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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    • $64,900
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      Commercial Lot in North Tyler

      1.24 acre commercial lot with high visibility near I-20.
      811 N Beckham Ave, Tyler, TX 75702
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    • $885,000
      56.00 Acres

      Prime Tyler Residential Land

      56 acres, 100+ home potential.
      4141 Brazos Blvd, Tyler, TX 75702
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    • $3,124,800

      224 Single-Family Paper Lots

      224 single-family paper lots available for builders and developers.
      3651 N Broadway Ave, Tyler, TX 75702
      View Details
    • $45,000

      Land Available in Tyler, Texas

      Land for sale at 903 N Border Ave, Tyler, TX
      903 N Border Ave, Tyler, TX 75702
      View Details

    Similar Nearby for Sale

    • $1,400,000
      32.40 Acres

      Tyler Residential Land Development

      120-Unit Duplex Site, Seller Financing Available
      2604 Garden Valley Rd, Tyler, TX 75702
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    • $150,000
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      Prime Tyler Commercial Land

      High-traffic Loop 323 lot, $150k
      3001 Wnw Loop, Tyler, TX 75702
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    • $3,500,000

      Land For Sale Tyler, TX

      Land available for purchase in Tyler, Texas.
      E Front St, Tyler, TX 75702
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    • $500,000

      Land Available in Tyler, Texas

      Land for sale at 3020 W Gentry Pkwy, Tyler, TX.
      3020 W Gentry Pkwy, Tyler, TX 75702
      View Details
    • $55,000
      0.26 Acres

      Vacant Lot in Tyler, TX

      Vacant lot convenient to Downtown Tyler.
      1520 W Oakwood St, Tyler, TX 75702
      View Details
    • $40,000
      0.17 Acres

      Residential Lot in Tyler, TX

      Residential lot with building plans in a convenient location.
      1110 N Fannin Ave, Tyler, TX 75702
      View Details

    Similar Nearby for Lease

    • $58,333
      365,033 SF

      Tyler Land Ready For Development

      8.38 acres available for warehouse, distribution, or flex space.
      3020 Highway 31 E, Tyler, TX 75702
      View Details
    • 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
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    • Contact for pricing
      174,240 SF

      Tyler Retail Land - Hwy 31 & Loop 323

      Prime Tyler retail pad sites, 1-4 acres.
      3800 Chandler Hwy, Tyler, TX 75702
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    • Contact for pricing
      95,832 SF

      Tyler Retail Pad Sites - Hwy 64

      Walmart-anchored pads, prime Tyler location.
      3816 State Highway 64, Tyler, TX 75702
      View Details
    • $12 SF/Yr
      110,000 SF

      Downtown Tyler Retail Space

      Prime Retail/Office Space, Downtown Tyler
      106 Elm St, Tyler, TX 75702
      View Details
    • $6 SF/Yr
      6,000 SF

      Renovated Showroom/Warehouse Space Available

      6,000 SF showroom/warehouse with modern finishes and loading bays.
      2121 W Erwin St, Tyler, TX 75702
      View Details
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    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.

    More about this property
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