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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Retail space
6004 Broadway Ave Tyler, TX 75703-4423
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US83-3985490
Property summary
AI-generated overview
This exceptional 1,872 square foot creative office space is available for lease within the Woodcreek Shopping Center, situated at 6004 S Broadway Ave, Tyler, TX 75703. The property, part of the Tyler TX - S Broadway Retail Corridor, boasts a prime location on S Broadway Ave/SH 69, just north of Grande Blvd, an area known for its exceptionally high traffic volume in East Texas. Built in 1988 and renovated in 2018, this single-story building offers a clean and modern space. The suite is part of a multi-tenant building and is zoned C-1. Property taxes are $2.07 per square foot. The surrounding area features a robust mix of established retailers, including Lowe's, Lazy Boy Furniture, Best Buy, Chick-fil-A, Hilton Hotel, Chili's, Michael's, Panera Bread, and Outback Steakhouse, ensuring high visibility and foot traffic for your business. The total building square footage is not currently available. This opportunity presents a unique chance to establish your business in a thriving retail corridor with excellent access and high-profile neighbors.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1981
Total area
23,539 SF
Lot
2.8 ac (122,055 SF)
APN
1-50000-1013-09-037000
UPID
US83-3985490
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
-
Liberty Tax Accounting Firm Tax Preparation
-
Asian Massage Alternative Medicine Practice Spa & Massage Center
-
Smoke Show (Bike/Boat/Book/etc) Store Alternative Medicine Practice
-
Prism Blow Dry Bar Hair Salon
-
Labs Your Way Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$745k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.00M
Blend (final)
Blend
$875k
Owner & transaction history
Fmh Tyler Properties LLC · 4 yrs held
Fmh Tyler Properties LLC
since 2021
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
$745,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,355,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$875k
Range $788k – $963k · ±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
$37 / 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
$32,826
Tax year 2023
Assessed value
$1,883,120
Assessed 2023
Previous assessed
$1,883,120
+0.0% YoY
Effective rate
1.74%
On assessed value
Assessed land
$952,029
Assessed improvement
$931,091
Land market value
$952,029
Improvement market value
$931,091
Total market value
$1,883,120
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
1981
Heating
NONE
Buildings
2
Total area
23,539 SF
Lot
2.8 ac (122,055 SF)
APN
1-50000-1013-09-037000
UPID
US83-3985490
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
WAREHOUSE, STORAGE
Est. value
$1.4M
WAREHOUSE, STORAGE
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
1981
Heating
NONE
Buildings
2
Lot
2.8 ac
Current owner
From public records · entity-resolved
Fmh Tyler Properties LLC
Entity
Mailing address
5000 ELDORADO PKWY STE #150, FRISCO, TX 75033-8443
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2023
—
Fmh Tyler Properties LLC
—
Deed
related
$360,000 · Red River Employees FCU
Dec 14, 2021
—
Fmh Tyler Properties LLC
Kpe United LLC
Special Warranty Deed
$1,980,000 · Red River Employees FCU
Jun 7, 2018
—
Kpe United LLC
Mckenzie,don & Pebble A
Grant Deed
related
—
Jan 19, 2005
—
Owner Name Unavailable
Owner Name Unavailable
Warranty Deed
related
—
May 10, 2004
—
Pebble A Mckenzie
Owner Name Unavailable
Warranty Deed
related
—
—
—
Don M Murphy
—
Deed Of Trust
related
$150,000 · Hibernia National Bank
—
—
Don M Murphy
—
Deed Of Trust
related
$300,000 · Capital One
—
—
Don M Murphy
—
Deed Of Trust
related
$50,000 · Capital One
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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