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    Property profile & analytics

    3709 Westway St Tyler, TX 75703-6465

    • Investment properties
    • 6,348 SF
    • 0.56 lot acres
    OFF-MARKET
    Value Estimations
    $650,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2832913
    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

    • Ace Handyman Services Tyler / Hardware & Home Improvement / General Contractor
    • Rose City Auto Paint / Auto Repair Shop

    Property Details for 3709 Westway St

    Year built
    2000
    Construction
    STEEL FRAME
    Lot size
    0.56 lot acres
    Property size
    6,348 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    1-46000-0001-00-004000
    APU
    146000000100004000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $624,000
      Market price range: $297k - $928k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $605,000
      Current use
      RESTAURANT
      $590,000
      Change: -3% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $550,000
      Change: -10% Conversion: Difficult
      OFFICE BUILDING
      $535,000
      Change: -12% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.3403
    Latitude
    32.2993
    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
    $6,596
    $48,404
    $373,601
    $422,005
    -
    $48,404
    $373,601
    $422,005

    Comparable in this City

    • Value Estimation by Request
      1,280 SF

      2114 Brandon Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 1,280 SF
      2114 Brandon Dr, Tyler, TX 75703-5983
      View Details
    • Value Estimation by Request
      1,650 SF

      13901 County Rd 193

      OFFICE/RESIDENTIAL (MIXED USE) • 1,650 SF
      13901 County Rd 193, Tyler, TX 75703-6611
      View Details
    • Value Estimation by Request
      1,728 SF

      13904 County Rd 193

      OFFICE/RESIDENTIAL (MIXED USE) • 1,728 SF
      13904 County Rd 193, Tyler, TX 75703-6610
      View Details
    • Value Estimation
      $3,010,000
      19,824 SF

      1820 Shiloh Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 19,824 SF
      1820 Shiloh Rd, Tyler, TX 75703-2426
      View Details
    • Value Estimation
      $1,140,000
      7,390 SF

      8310 Broadway Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 7,390 SF
      8310 Broadway Ave, Tyler, TX 75703-5400
      View Details
    • Value Estimation by Request
      1,810 SF

      4610 Troup Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 1,810 SF
      4610 Troup Hwy, Tyler, TX 75703-2322
      View Details

    Similar Nearby for Sale

    • $1,650,000
      7,993 SF

      Office and Warehouse on FM 2493

      Office suites and warehouse space on 1.10 acres.
      15488 Fm 2493, Tyler, TX 75703
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    • $550,000
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      Highway 69 Investment Opportunity

      High-visibility mixed-use property on Highway 69 with flexible income potential.
      20921 Us Highway 69 S, Tyler, TX 75703
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    • $1,195,000
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      Commercial Pad Site in Tyler

      Commercial land ready for development in high-growth corridor.
      2256 Blue Mountain Blvd, Tyler, TX 75703
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    • $102,500
      0.43 Acres

      Residential Lot in Caddo Ridge

      Residential lot ready for your dream home in Tyler, TX.
      747 Marsh Farm Rd -, Tyler, TX 75703
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    • $102,000
      0.46 Acres

      Residential Lot in Caddo Ridge

      Residential lot in Tyler, TX, Whitehouse school district.
      9253 Caddo Rdg Cv -, Tyler, TX 75703
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    • $70,000
      0.30 Acres

      Residential Land in Gated Community

      0.295-acre lot in The Crossing subdivision, Tyler, TX.
      7318 Crosswater Cv, Tyler, TX 75703
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    Similar Nearby for Lease

    • $2,273 /Mo
      33,106 SF

      New Office Space in Tyler

      New construction office space in a rapidly growing area.
      2012 W Cumberland Rd, Tyler, TX 75703
      View Details
    • $6,960 /Mo
      82,198 SF

      Retail or Office Build-to-Suit

      Retail or office space for lease in Tyler, TX.
      5647 Kpe Way, Tyler, TX 75703
      View Details
    • $1,693 /Mo
      1,161 SF

      Class A Office Suite

      Office suite for lease in South Tyler location.
      5763 Eagles Nest Blvd, Tyler, TX 75703
      View Details
    • $640 /Mo
      294,248 SF

      Serviced Office in Tyler, Texas

      Full-service lease in exclusive co-working space with included utilities.
      1101 Bldg Iv, Tyler, TX 75703
      View Details
    • $1,750 /Mo
      294,248 SF

      Tyler Office Space for Lease

      Full-service lease with multiple suite sizes and 24-hour access.
      1101 Bldg Iv, Tyler, TX 75703
      View Details
    • $10,833 /Mo
      4,385 SF

      Tyler Retail with Double Drive-Thru

      Former restaurant space in high-traffic area near major retailers.
      6849 S Broadway Ave, Tyler, TX 75703
      View Details
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    3709 Westway St
    Tyler, TX 75703-6465
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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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