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    Property profile & analytics

    3816 State Highway 64 Tyler, TX 75702

    • Turn key restaurants
    • 2,216 SF
    • 1.10 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3085839
    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

    • Verizon / Electronics Store / Cell Phone Accessory Store

    Property Details for 3816 State Highway 64

    Year built
    2004
    Lot size
    1.10 lot acres
    Property size
    2,216 SF
    Property type
    Turn key restaurants
    APN
    1-50000-1253-01-002000
    APU
    150000125301002000

    Description

    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.

    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
    -95.3461
    Latitude
    32.3535
    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
    $12,098
    $477,420
    $216,580
    $694,000
    -
    $477,420
    $216,580
    $694,000

    Comparable in this City

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      7891 State Hwy 110th N

      RESTAURANT • 16,353 SF
      7891 State Hwy 110th N, Tyler, TX 75704-4927
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    • Value Estimation by Request
      3,320 SF

      11980 State Hwy 64th W

      RESTAURANT • 3,320 SF
      11980 State Hwy 64th W, Tyler, TX 75704-6938
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    • Value Estimation by Request
      4,142 SF

      3830 State Hwy 110th N

      RESTAURANT • 4,142 SF
      3830 State Hwy 110th N, Tyler, TX 75704
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    • Value Estimation
      $6,725,000
      205,196 SF

      3820 State Hwy 64th W

      RETAIL STORES (PERSONAL SERVICES) • 205,196 SF
      3820 State Hwy 64th W, Tyler, TX 75704-6924
      View Details
    • Value Estimation by Request
      1,620 SF

      3128 State Hwy 110th N

      RETAIL STORES (PERSONAL SERVICES) • 1,620 SF
      3128 State Hwy 110th N, Tyler, TX 75704-6150
      View Details
    • Value Estimation by Request
      1,215 SF

      3352 State Hwy 110th N

      AUTO REPAIR, GARAGE • 1,215 SF
      3352 State Hwy 110th N, Tyler, TX 75704
      View Details

    Similar Nearby for Sale

    • $1,895,000
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      Tyler Retail Building on Outparcel

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    • $580,220
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    Similar Nearby for Lease

    • Contact for pricing
      2,216 SF

      Prime Tyler Retail w/ Drive-Thru

      High-traffic location, 2,216 sq ft.
      3816 State Highway 64, Tyler, TX 75704
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    • $11,848 /Mo
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      Retail Space in Tyler, TX

      Walmart-anchored retail space for lease in high-visibility trade area.
      3810 Highway 64 W, Tyler, TX 75704
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    • $11,848 /Mo
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      Retail Space Near Walmart

      Retail space for lease near Walmart in Tyler, Texas.
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    • New
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      Hwy 64 W Commercial Land Opportunity

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      3810 State Highway 64, Tyler, TX 75704
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    • $8 SF/Yr
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      Prime Tyler TX Industrial Space

      15,630 SF Refrigerated Warehouse Available
      15393 State Highway 64, Tyler, TX 75704
      View Details
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    3816 State Highway 64
    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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