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Property profile & analytics
OFF-MARKET
Estimated value
$1,860,000
Retail space
5868 Old Jacksonville Hwy Tyler, TX 75703-0738
Entity Owned
Absentee Owner
Free & Clear
Property ID
US83-1289953
Property summary
AI-generated overview
The Commons, located at 5868 Old Jacksonville Hwy in Tyler, Texas, 75703, offers a prime retail or restaurant opportunity. This Class A, single-story building, constructed in 2019, boasts a total of 18,030 square feet, with 2,095 square feet currently vacant. The property is zoned C-1 and features multiple tenancies. Its strategic location on Old Jacksonville Highway benefits from high visibility and significant daily traffic volume (38,781 vehicles per day). The Commons is part of a thriving retail center, anchored by established businesses such as Starbucks, Which Wich, and Pet Supplies Plus. Nearby, you'll find additional retail giants including Walmart Neighborhood Market, McDonald's, Sonic, Taco Bell, Whataburger, and Dutch Bros Coffee, creating a strong synergy and high foot traffic for potential tenants. This exceptional property presents a unique chance to establish or expand your business in a bustling and well-established commercial area. The available space is ideal for a variety of retail or restaurant concepts, offering excellent potential for growth and profitability. The property's modern design and prime location make it an attractive investment opportunity.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2019
Construction
STEEL FRAME
Total area
17,882 SF
Lot
1.93 ac (83,853 SF)
APN
1-50000-1554-03-008020
UPID
US83-1289953
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
-
Pet Supplies Plus Tyler (Bike/Boat/Book/etc) Store Pet Store & Service
-
Sweet Street Desserts Bakery Take-out & Catering
-
Which Wich Superior Sandwiches Take-out & Catering Catering Service
-
Paciugo Gelato Caffé Grocery & Convenience Store Specialty Food Shop
-
Pet Supplies Plus (Bike/Boat/Book/etc) Store Pet Store & Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.73M
Blend (final)
Blend
$1.86M
Owner & transaction history
GENECOV DMLT
GENECOV DMLT
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.7M
+48.8%
Restaurant
$1.7M
+45.0%
Auto repair, garage
$1.5M
+34.6%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,145,000
Current use
COMMERCIAL (GENERAL)
$1,705,000
Change: +49% · Conversion: Easy
RESTAURANT
$1,660,000
Change: +45% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,545,000
Change: +35% · Conversion: Difficult
OFFICE BUILDING
$1,500,000
Change: +31% · Conversion: Easy
Blend value · Realmo final
$1.86M
Range $1.67M – $2.05M · ±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
$104 / 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
$56,506
Tax year 2023
Assessed value
$3,241,541
Assessed 2023
Previous assessed
$3,241,541
+0.0% YoY
Effective rate
1.74%
On assessed value
Assessed land
$614,393
Assessed improvement
$2,627,148
Land market value
$614,393
Improvement market value
$2,627,148
Total market value
$3,241,541
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2019
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Total area
17,882 SF
Lot
1.93 ac (83,853 SF)
APN
1-50000-1554-03-008020
UPID
US83-1289953
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
RETAIL STORES Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.7M
RESTAURANT
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.5M
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
2019
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Lot
1.93 ac
Current owner
From public records · entity-resolved
GENECOV DMLT
Individual
Free & Clear · 0 yrs held
Mailing address
1350 DOMINION PLZ, TYLER, TX 75703-1012
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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