Property profile

6616 Broadway Ave Tyler, TX 75703

OFF-MARKET
Investment properties
Property ID
US83-4118974
2,666 SF 0.35 ac lot Built 1981
Individually Owned 17-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1981
Total area 2,666 SF
Lot 0.35 ac (15,159 SF)
APN 1-50000-1013-17-017030
UPID US83-4118974

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency

Location

6616 Broadway Ave Tyler, TX 75703-4669
Tyler metro Census 2006 TYLER, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2008
4 recorded transactions
2017
Price N/A
2008
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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