6435 Paluxy Dr Tyler, TX 75703-5933
Property profile & analytics
6435 Paluxy Dr, Tyler, TX 75703-5933
- Warehouses
- 15,600 SF
- 2.29 lot acres
Property ID
US83-4062392
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.
Location Intelligence
Current Use by Public Records
- Pack Rat Self Storage / Storage Facility
Property Details for 6435 Paluxy Dr
- Year built
- 1999
- Lot size
- 2.29 lot acres
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 1-59905-0000-00-001000
- APU
- 159905000000001000
Description
This exceptional self-storage facility in Tyler, Texas presents a compelling investment opportunity. Boasting 35,540 net rentable square feet across 278 units in eight single-story buildings, this property is 91% occupied as of May 31, 2024. Built in 1999, the facility sits on a 2.29-acre lot (APN R152208) in a prime location at 6435 Paluxy Dr, Tyler, TX 75703, a busy, signalized intersection with over 30,000 vehicles passing daily, ensuring high visibility. The property features a mix of climate-controlled and non-climate-controlled units, and current rental rates outperform competitors on most units, promising strong revenue generation potential. With a pro-forma NOI of $342,270, this fee-simple ownership offers significant upside potential, particularly given the ability to increase rental rates by over 5% to meet current market demands. The surrounding area boasts a median household income exceeding the national average at $79,747 within a three-mile radius, indicating strong tenant demand and long-term stability. The property is zoned commercial. This is a rare opportunity to acquire a fully stabilized, high-performing self-storage asset in a thriving Texas market.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,605,000
- 6.5%
- $1,485,000
- 7%
- $1,380,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,327,000
Market price range: $513k - $1.33M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $900,000 Current use
- COMMERCIAL (GENERAL)
- $1,490,000 Change: +66% Conversion: Difficult
- RESTAURANT
- $1,450,000 Change: +61% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,345,000 Change: +50% Conversion: Easy
- OFFICE BUILDING
- $1,310,000 Change: +46% Conversion: Difficult
- RETAIL STORES
- $1,000,000 Change: +11% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Tyler
- County
- Smith
- State
- Texas
- Longitude
- -95.2805
- Latitude
- 32.2771
- 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
2024
$25,527
$419,509
$1,257,247
$1,676,756
-
$419,509
$1,257,247
$1,676,756
