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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Turn key restaurants
3979 University Blvd Tyler, TX 75701-6617
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US82-8716593
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2014
Total area
5,216 SF
Lot
0.78 ac (34,107 SF)
APN
1-50000-1443-06-001000
UPID
US82-8716593
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
-
Insomnia Cookies (Bike/Boat/Book/etc) Store Bakery
-
Enoch's Wine & Coffee House Tyler Specialty Food Shop Wine and Liquor Store
-
Enochs Coffee Roasters Cafe & Coffee Shop Specialty Food Shop
-
Enoch's Chomp Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$370k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$667k
Blend (final)
Blend
$520k
Owner & transaction history
Jokoco Enterprises LLC · 4 yrs held
Jokoco Enterprises LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Tyler submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tyler submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$370,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$535,000
Current use
COMMERCIAL (GENERAL)
$535,000
Change: 0% · Conversion: Easy
OFFICE BUILDING
$510,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$520k
Range $468k – $572k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$100 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$21,387
Tax year 2023
Assessed value
$1,132,606
Assessed 2023
Previous assessed
$1,132,606
+0.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$204,738
Assessed improvement
$927,868
Land market value
$204,738
Improvement market value
$927,868
Total market value
$1,132,606
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2014
Heating
NONE
Total area
5,216 SF
Lot
0.78 ac (34,107 SF)
APN
1-50000-1443-06-001000
UPID
US82-8716593
Jurisdiction
SMITH
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$535,000
COMMERCIAL (GENERAL)
Est. value
$535,000
OFFICE BUILDING
Est. value
$510,000
RESTAURANT Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2014
Heating
NONE
Lot
0.78 ac
Current owner
From public records · entity-resolved
Jokoco Enterprises LLC
Entity
Mailing address
106 HUNTERS CRK DR, LONGVIEW, TX 75605-7478
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2022
—
Jokoco Enterprises LLC
Tyler Spur 248 Properties LLC
Venders Lien
$735,000 · Texas Bank And Trust Co
Aug 28, 2020
—
Tyler Spur 248 Properties LLC
—
Deed
related
$3,000,000 · Ubank
Nov 2, 2017
—
Tyler Spur 248 Properties LLC
Realty On Spur 248 LLC
Warranty Deed
related
$3,600,000 · Wilshire Fin Ptrs
Sep 19, 2016
—
Reality On Spur 248 LLC
—
Deed
related
$1,054,000 · Branch Bk&tr
May 8, 2013
—
Realty On Spur 248 LLC
Chm II LLC
Venders Lien
$192,000 · Citizens State Bank
—
—
Reality On Spur 248 LLC
—
Deed Of Trust
related
$1,054,000 · Branch Bk&tr
—
—
Tyler Spur 248 Properties LLC
—
Deed Of Trust
related
$3,000,000 · Ubank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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