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    Property profile & analytics

    6435 Paluxy Dr Tyler, TX 75703-5933

    • Warehouses
    • 15,600 SF
    • 2.29 lot acres
    OFF-MARKET
    Last Sale
    Mar 15, 2022
    Value Estimations
    $1,405,000
    Show details
    Cap Rate Potential
    Location Intelligence
    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.

    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 size
    15,600 SF
    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 valuation — 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

    Comparable in this City

    • Value Estimation
      $4,780,000
      83,200 SF

      8225 Broadway Ave

      MINI-WAREHOUSE, STORAGE • 83,200 SF
      8225 Broadway Ave, Tyler, TX 75703-5494
      View Details
    • Value Estimation by Request
      3,750 SF

      12907 State Hwy 155th S

      MINI-WAREHOUSE, STORAGE • 3,750 SF
      12907 State Hwy 155th S, Tyler, TX 75703-6546
      View Details
    • Value Estimation by Request
      1,800 SF

      15565 State Hwy 155th S

      MINI-WAREHOUSE, STORAGE • 1,800 SF
      15565 State Hwy 155th S, Tyler, TX 75703-7138
      View Details
    • Value Estimation by Request
      1,000 SF

      1582 Grande Blvd

      MINI-WAREHOUSE, STORAGE • 1,000 SF
      1582 Grande Blvd, Tyler, TX 75703-3978
      View Details
    • Value Estimation by Request
      3,600 SF

      8219 Robert E Lee Dr

      MINI-WAREHOUSE, STORAGE • 3,600 SF
      8219 Robert E Lee Dr, Tyler, TX 75703
      View Details
    • Value Estimation
      $605,000
      6,700 SF

      7620 Waljim St

      MINI-WAREHOUSE, STORAGE • 6,700 SF
      7620 Waljim St, Tyler, TX 75703-5035
      View Details

    Similar Nearby for Sale

    • New
      $550,000
      2,700 SF

      Modern Office with Highway Frontage

      High-visibility office and flex space on Highway 69.
      20921 Us Highway 69 South, Tyler, TX 75703
      View Details
    • New
      $495,000
      1.00 Acre

      Tyler Retail Flex Building For Sale

      Retail flex building with showroom, warehouse space, and highway frontage.
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    • $1,650,000
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      Tyler Office and Warehouse Building

      Office suites and warehouse on 1.1 acres near Tyler.
      15488 Old Jacksonville Rd, Tyler, TX 75703
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    • $465,000
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      Prime Tyler TX Commercial Land

      2.2-acre pad site; ready for development.
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      View Details
    • $550,000
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      Highway 69 Investment Opportunity

      High-visibility mixed-use property on Highway 69 with flexible income potential.
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    • $850,000
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      Tyler Flex Space Building

      Heated and cooled flex space with offices and parking.
      4883 Hightech Dr, Tyler, TX 75703
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    Similar Nearby for Lease

    • Contact for pricing
      7,000 SF

      Tyler, TX Industrial Flex Space

      Modern Flex/Warehouse Units - 700-7000 sqft
      15426 Old Jacksonville Hwy, Tyler, TX 75703
      View Details
    • $4,750 /Mo
      6,000 SF

      Tyler Warehouse with Office Space

      6000 sqft warehouse with office/showroom space for lease.
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      View Details
    • $11 SF/Yr
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      Prime Tyler Office/Warehouse Space

      5,650 SF Office & Warehouse Available
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      View Details
    • $2,700 /Mo

      Retail Flex Space on Broadway

      Multi-tenant retail flex development with high visibility and easy access.
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    • $3,500 /Mo
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      Tyler Flex Space For Rent

      Heated and cooled flex space with offices and parking.
      4883 Hightech Dr, 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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    6435 Paluxy Dr
    Tyler, TX 75703-5933
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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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