You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
New search
Property profile & analytics
FOR LEASE
Turn key restaurants

3816 State Highway 64 Tyler, TX 75702

2,216 SF 1.1 ac lot Built 2004
Entity Owned 11-yr Hold ~ Est. High Equity
Property ID
US82-3085839
Property summary
AI-generated overview

This exceptional 2,216-square-foot retail building, situated on a 1.096-acre lot in Tyler, Texas, presents a remarkable investment opportunity. Currently vacant, the property boasts a convenient drive-thru, ideal for quick-service restaurants or similar businesses. The building is zoned C-2, allowing for a variety of commercial uses. Ample parking is available with 28 designated spots. The strategic location on State Highway 64 West ensures high visibility and accessibility, benefiting from proximity to a Walmart Supercenter and the busy intersection of Loop 323 and Highway 64. This high-traffic area guarantees significant exposure to potential customers. The single-tenant occupancy offers flexibility and control for the new owner. The property's size and features make it suitable for a range of retail concepts. The address is 3816 State Hwy 64, Tyler, TX 75704, within Smith County. This is a rare chance to acquire a well-positioned commercial property in a thriving retail corridor. The property's vacant status allows for immediate occupancy and customization to suit a new tenant's specific needs. Don't miss this opportunity to establish your business in a prime location with excellent visibility and accessibility.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2004
Total area 2,216 SF
Lot 1.1 ac (47,742 SF)
APN 1-50000-1253-01-002000
UPID US82-3085839
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Verizon Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Drake Premiere LLC · 11 yrs held
Drake Premiere LLC
since 2015
7 recorded transactions
2016
Price N/A
2015
Price N/A
2004
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message