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    3020 W Gentry Pkwy Tyler, TX 75702
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    3020 W Gentry Pkwy Tyler, TX 75702

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    • Commercial land
    For Sale
    $300,000
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    Prime Commercial Land on Parkway For Sale
    $300,000

    Prime Commercial Land on Parkway

    High-visibility land near Loop 323 with significant traffic.

    3020 W Gentry Pkwy, Tyler, TX 75702
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    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 3020 W Gentry Pkwy

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    West Gentry Parkway is a major thoroughfare in Tyler. This property, located just .5 miles from Loop 323, enjoys a traffic count of over 16,500 cars per day. It has excellent visibility and accessibility for businesses, ensuring a steady flow of potential customers and clients. The property is close to several prominent retail and commercial centers, such as the Broadway Square Mall and The Village at Cumberland Park. These shopping destinations attract a large number of shoppers and contribute to the overall vibrancy of the area. Tyler is home to various educational institutions, including the University of Texas at Tyler and Tyler Junior College. These institutions provide a steady demand for rental properties and create opportunities for businesses catering to the student population. The area surrounding the property is experiencing significant residential growth, with several new housing developments and neighborhoods being built nearby. This growth indicates a potential increase in the customer base for businesses in the area and a growing demand for commercial services.

    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
    -95.332985
    Latitude
    32.37334

    Comparable in this City

    • Contact for pricing

      Prime Pad Sites in Tyler

      2.783 acres with high visibility and C-2 zoning.
      420 S Loop Rd SW, Tyler, TX 75702
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      Prime Commercial Land in Tyler

      0.83-acre commercial land parcel with high visibility and accessibility.
      3001 Wnw Loop, Tyler, TX 75702
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    • $790,000

      Commercial Land Near Super 1

      Commercial land for sale near Super 1 Foods.
      1095 E Gentry Pkwy, Tyler, TX 75702
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    • $64,900
      1.24 Acres

      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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    • $300,000

      Prime Commercial Land on Parkway

      High-traffic commercial land near retail and educational centers.
      3020 W Gentry Pkwy, Tyler, TX 75702
      View Details
    • $749,000
      9.55 Acres

      Commercial Land on Loop 323

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

    Similar Nearby for Sale

    • Contact for pricing

      Prime Pad Sites in Tyler

      2.783 acres with high visibility and C-2 zoning.
      420 S Loop Rd SW, Tyler, TX 75702
      View Details
    • Contact for pricing

      Prime Commercial Land in Tyler

      0.83-acre commercial land parcel with high visibility and accessibility.
      3001 Wnw Loop, Tyler, TX 75702
      View Details
    • $790,000

      Commercial Land Near Super 1

      Commercial land for sale near Super 1 Foods.
      1095 E Gentry Pkwy, Tyler, TX 75702
      View Details
    • $64,900
      1.24 Acres

      Commercial Lot in North Tyler

      1.24 acre commercial lot with high visibility near I-20.
      811 N Beckham Ave, Tyler, TX 75702
      View Details
    • $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
    • $575,000
      87,120 SF

      Prime Commercial Land on Loop

      High-visibility land parcel ideal for retail or gas station.
      3332 W Northwest Loop 323, 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

      Retail Pad Site For Lease

      Walmart-anchored QSR or redevelopment pad site available for lease.
      3816 State Highway 64, Tyler, TX 75702
      View Details
    • Contact for pricing

      Redevelopment Padsite Near Walmart

      Padsite available for lease in high-traffic, high-growth area.
      3816 State Highway 64, 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
      View Details
    • Contact for pricing

      Downtown Tyler Retail Space Available

      9200 SF retail space in up-and-coming Tyler, TX.
      106 E Elm St, Tyler, TX 75702
      View Details
    View Listing
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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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