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    4500 S Broadway Ave Tyler, TX 75703
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    4500 S Broadway Ave Tyler, TX 75703

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    • Retail space
    For Lease
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    High-Traffic Corner Retail Space For Lease
    Contact for pricing

    High-Traffic Corner Retail Space

    Retail space available at a high-traffic corner in Tyler.

    4500 S Broadway Ave, Tyler, TX 75703
    View Listing
    Property ID
    US82-8996170
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Einstein Bros. Bagels / (Bike/Boat/Book/etc) Store / Bakery
    • Embroidery Design / Factory / Production Facility
    • Foundation Repair Tyler TX / Construction Company / General Contractor
    • MVM Enterprises, LLC / Corporate Office
    • Lowell Sandwich Co. / Take-out & Catering

    Property Details for 4500 S Broadway Ave

    Year built
    1976
    Property type
    Retail space
    Property subtype
    Commercial real estate

    Description

    The French Quarter boasts the highest traffic corner in Tyler; Loop 323 and S. Broadway Ave. has approximately 41,103 VPD (Broadway Ave) and 34,023 VPD (Loop 323), per TxDOT 2021 counts.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.299373
    Latitude
    32.300822

    Comparable in this City

    • $8,750 /Mo
      3,500 SF

      Retail Space on Broadway Avenue

      Multi-tenant retail building with patio space available for lease.
      6710 S Broadway Ave, Tyler, TX 75703
      View Details
    • $725 /Mo
      566,280 SF

      Retail Flex Space For Lease

      Retail flex space available in Tyler, TX starting at $725/month.
      12173 Highway 64 E, Tyler, TX 75703
      View Details
    • Contact for pricing

      Retail Space Available for Rent

      Retail spaces available, ranging from 1,192 to 4,467 SqFt.
      5526 Old Jacksonville Hwy, Tyler, TX 75703
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      Retail Space in Growing Corridor

      Retail space for lease in a well-positioned neighborhood strip.
      16637 Old Jacksonville Hwy, Tyler, TX 75703
      View Details
    • $22 SF/Yr
      22 SF

      Retail Space For Rent

      Retail space available for lease in Tyler, Texas.
      109 E Grande Blvd, Tyler, TX 75703
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space Near Walmart

      Retail space available in high-visibility location near Walmart.
      6703 S Broadway Ave, Tyler, TX 75703
      View Details

    Similar Nearby for Sale

    • $774,000
      1.89 Acres

      Retail or Office Space For Sale

      Retail or office space for sale in Tyler, Texas.
      5647 Kpe Way, Tyler, TX 75703
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    • $828,000
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      Versatile Retail/Office Building For Sale

      4,601 SF property suited for office, wellness, hospitality, education.
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    • $828,000
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      Versatile Property on High-Traffic Highway

      4,601 SF property suitable for office, wellness, hospitality, or education.
      19359 Us Highway 69 S, Tyler, TX 75703
      View Details
    • $774,000
      3,444 SF

      Retail/Office Space For Sale

      Retail and office space for sale in Tyler, Texas.
      5647 Kpe Way, Tyler, TX 75703
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    • $387,450
      1.89 Acres

      Retail or Office Space

      Retail or office space for sale in Tyler, Texas.
      5647 Kpe Way, Tyler, TX 75703
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    • $550,000
      2.00 Acres

      Prime Commercial Land Opportunity

      2-acre commercial land with high visibility and access.
      10322 Spur 164, Tyler, TX 75703
      View Details

    Similar Nearby for Lease

    • $3,480 /Mo
      1,740 SF

      Retail/Office Build-to-Suit Opportunity

      Retail or office space for lease in Tyler, Texas.
      5647 Kpe Way, Tyler, TX 75703
      View Details
    • $20 SF/Yr
      7,522 SF

      Retail Space Available For Lease

      7,522 square feet retail space available for lease.
      8926 S Broadway Ave, Tyler, TX 75703
      View Details
    • Contact for pricing
      3,844 SF

      Retail Space in Tyler, TX

      Regional mega-center retail space available for lease in Tyler, TX.
      8934 S Broadway Ave, Tyler, TX 75703
      View Details
    • $2,500 /Mo
      2,000 SF

      Retail Space on Old Jacksonville

      Retail space for lease in Tyler's growing Old Jacksonville corridor.
      16637 Old Jacksonville Hwy, Tyler, TX 75703
      View Details
    • $8,750 /Mo
      3,500 SF

      Retail Space on Broadway Avenue

      Multi-tenant retail building with patio space available for lease.
      6710 S Broadway Ave, Tyler, TX 75703
      View Details
    • $725 /Mo
      566,280 SF

      Retail Flex Space For Lease

      Retail flex space available in Tyler, TX starting at $725/month.
      12173 Highway 64 E, Tyler, TX 75703
      View Details
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    4500 S Broadway Ave
    Tyler, TX 75703
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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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