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Property profile & analytics

6616 Broadway Ave Tyler, TX 75703-4669

  • Investment properties
  • 2,666 SF
  • 0.35 lot acres
OFF-MARKET
Value Estimations
$315,000
Show details
Cap Rate Potential
9.6%
Investment properties
Location Intelligence
Property ID
US83-4118974
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

  • State Farm Insurance / Life Insurance Agency / Renter'S Insurance Agency

Property Details for 6616 Broadway Ave

Year built
1981
Lot size
0.35 lot acres
Property size
2,666 SF
Property type
Investment properties
Property subtype
Live-work space
APN
1-50000-1013-17-017030
APU
150000101317017030

Description

This exceptional commercial property, located at 6616 S Broadway Ave in Tyler, Texas, presents a unique investment opportunity. The 2,666 square foot building sits on a 0.35-acre lot and is classified as Class C. Constructed in 1981, the building is currently vacant and offers a single-tenant occupancy. The property's versatile layout includes over ten individual offices, two bathrooms, and a kitchenette area, making it suitable for a variety of commercial uses, including coworking spaces. Its prime location on South Broadway ensures high visibility and accessibility, a significant advantage for any business. The building's previous use as an insurance office speaks to its suitability for professional services. The property is situated in Smith County, Texas, with a zip code of 75703. This is a rare chance to acquire a fully vacant, well-located commercial building in a thriving Texas market. The property's size and layout offer significant flexibility for future tenants or owners. The building's existing infrastructure, including multiple offices and a kitchenette, minimizes upfront renovation costs. This presents a compelling opportunity for investors seeking a strong return on investment in a desirable location. The high visibility of the South Broadway location ensures significant exposure for any business operating from this address. The property's vacant status allows for immediate customization to meet the specific needs of a new tenant or owner.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $295,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $470,000
    6.5%
    $435,000
    7%
    $405,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $388,000
    Market price range: $125k - $390k

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


Location Insight

  • Map
  • Local Demand
City
Tyler
County
Smith
State
Texas
Longitude
-95.3059
Latitude
32.2774
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
$4,574
$204,633
$57,772
$262,405
-
$204,633
$57,772
$262,405
More about this property
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