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    Property profile & analytics

    6313 S Broadway Ave Tyler, TX 75703

    • Car washes
    • 6,596 SF
    • 1.01 lot acres
    For Sale
    View listing
    Last Sale
    Jan 22, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2674425
    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

    • Gleaux Car Wash / Car Wash

    Property Details for 6313 S Broadway Ave

    Year built
    1987
    Lot size
    1.01 lot acres
    Property size
    6,596 SF
    Property type
    Car washes
    APN
    1-50000-1434-00-063000
    APU
    150000143400063000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $530,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $727,000
      Market price range: $274k - $727k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $570,000
      Current use
      COMMERCIAL (GENERAL)
      $630,000
      Change: +11% Conversion: Moderate
      RESTAURANT
      $615,000
      Change: +8% Conversion: Difficult
      OFFICE BUILDING
      $555,000
      Change: -3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.3065
    Latitude
    32.2807
    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
    $21,500
    $615,944
    $617,441
    $1,233,385
    -
    $615,944
    $617,441
    $1,233,385

    Comparable in this City

    • Value Estimation by Request
      1,200 SF

      3704 Troup Hwy

      CAR WASH • 1,200 SF
      3704 Troup Hwy, Tyler, TX 75703-1732
      View Details
    • Value Estimation by Request
      2,688 SF

      2320 Grande Blvd

      CAR WASH • 2,688 SF
      2320 Grande Blvd, Tyler, TX 75703
      View Details
    • Value Estimation by Request
      2,140 SF

      709 Cumberland Rd

      CAR WASH • 2,140 SF
      709 Cumberland Rd, Tyler, TX 75703
      View Details
    • Value Estimation by Request
      3,621 SF

      2060 Shiloh Rd

      CAR WASH • 3,621 SF
      2060 Shiloh Rd, Tyler, TX 75703-2612
      View Details
    • Value Estimation
      $580,000
      5,672 SF

      7671 Broadway Ave

      CAR WASH • 5,672 SF
      7671 Broadway Ave, Tyler, TX 75703-5010
      View Details
    • Value Estimation
      $505,000
      4,788 SF

      6461 Old Jacksonville Hwy

      CAR WASH • 4,788 SF
      6461 Old Jacksonville Hwy, Tyler, TX 75703-0577
      View Details

    Similar Nearby for Sale

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      Waterfront Land in Tyler, Texas

      Prime commercial land with utilities and ample parking for development.
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    • $280,000
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      Metal Shop on Highway 155

      2,700 SF metal shop with lifts on 0.4 acres.
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    • $280,000
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      Metal Shop on Highway 155

      2,700 SF metal shop with lifts on Highway 155.
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    • $280,000
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      Metal Shop on Highway 155

      2,700 SF metal shop with lifts on 0.4 acres.
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    • $4,695,652
      4,800 SF

      NNN Leased 7-Eleven in Tyler

      Long-term NNN leased 7-Eleven with rental increases in Tyler, Texas.
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    • Contact for pricing
      3,324 SF

      Retail Property in Tyler, Texas

      Retail property available for sale in Tyler, Texas.
      6313 S Broadway Ave, Tyler, TX 75703
      View Details

    Similar Nearby for Lease

    • $1,495,000
      4,681 SF

      Versatile Commercial Property on Broadway

      4,681 SF commercial space ideal for automotive or retail.
      7906 S Broadway Ave, Tyler, TX 75703
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    • $6,458 /Mo
      2,500 SF

      Tyler Commercial Property For Rent

      2.87-acre commercial property with highway frontage and versatile C1 zoning.
      4809 Troup Hwy, Tyler, TX 75703
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    • Contact for pricing
      2,566 SF

      Broadway Market Center: Tyler, TX

      Prime Retail Space, High-Traffic Location
      4901-4949 Broadway Ave, Tyler, TX 75703
      View Details
    • $11 SF/Yr
      9,500 SF

      Grande Plaza Executive Offices in Tyler, TX

      Prime Tyler Office Space: 1,800-7,700 SF Available
      212 Old Grande Blvd, Tyler, TX 75703
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    • Contact for pricing

      Retail Space on High-Traffic Corridor

      Retail space for lease in a well-positioned neighborhood strip center.
      16637 C, Tyler, TX 75703
      View Details
    • $2,700 /Mo
      43,560 SF

      Retail Flex Space on Broadway

      Multi-tenant retail flex development with excellent visibility and access.
      6708 S Broadway Ave, Tyler, TX 75703
      View Details
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    6313 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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