3400 Van Hwy Tyler, TX 75702-2608
Property profile & analytics
3400 Van Hwy, Tyler, TX 75702-2608
- Retail space
- 4,500 SF
- 1.78 lot acres
Property ID
US82-7411572
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.
Location Intelligence
Current Use by Public Records
- Western Union / Bank / Credit Union
- 7-Eleven / Grocery & Convenience Store
- Laredo Taco Company / Restaurant
Property Details for 3400 Van Hwy
- Year built
- 2021
- Lot size
- 1.78 lot acres
- Property type
- Retail space
- APN
- 1-50000-1263-00-004060
- APU
- 150000126300004060
Description
This exceptional investment opportunity presents a 4,842 square foot 7-Eleven convenience store and gas station located at 3400 Van Hwy, Tyler, TX 75702. Built in 2022, this property sits on a 1.78-acre lot at the signalized intersection of Loop 323 and Van Highway, boasting combined daily traffic counts exceeding 37,000 vehicles. The property features fourteen 7-Eleven branded gas pumps, two highly visible pylon signs, and multiple ingress/egress points. The 15-year absolute net corporate lease with 7-Eleven, Inc. includes 10% rent escalations every five years and four, five-year renewal options, eliminating landlord responsibilities. 7-Eleven, Inc. boasts an investment-grade credit rating (A by S&P and Baa2 by Moody's). The property's strategic location offers exceptional visibility and proximity to numerous national retailers, including Walmart, Walgreens, Starbucks, and more, further enhancing its long-term value. The asking price is $4,762,000, representing a 4.85% cap rate and significantly below replacement cost for comparable new constructions. This asset is situated seven minutes from downtown Tyler and across Loop 323 from John Tyler High School, benefiting from a robust and growing local market. A Laredo Taco Company is also located within the store. This is a rare opportunity to acquire a high-performing, low-risk investment in a thriving Texas market.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $400,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $875,000
- 6.5%
- $805,000
- 7%
- $750,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $618,000
Market price range: $217k - $619k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $410,000 Current use
- COMMERCIAL (GENERAL)
- $495,000 Change: +21% Conversion: Easy
- AUTO REPAIR, GARAGE
- $470,000 Change: +15% Conversion: Difficult
- OFFICE BUILDING
- $410,000 Change: +1% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Tyler
- County
- Smith
- State
- Texas
- Longitude
- -95.3426
- Latitude
- 32.3692
- 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
$18,397
$290,130
$765,269
$1,055,399
-
$290,130
$765,269
$1,055,399
