Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    714 Shelley Dr Tyler, TX 75701-9440
    Back to Search
    Property profile & analytics

    714 Shelley Dr, Tyler, TX 75701-9440

    View on Map
    • Investment properties
    • 51,730 SF
    • 1.73 lot acres
    Off-Market
    Last Sale Jun 26, 2023
    Property ID
    US82-1184850
    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.
    Value Estimations
    $1,465,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 714 Shelley Dr

    Year built
    1970
    Lot size
    1.73 lot acres
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    1-50000-1296-00-020100
    APU
    150000129600020100

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 26, 2023 — The 815 Wsw Loop 323 Land Trust Hibbs Financial Center Ltd Venders Lien $1M · Texas Bank And Trust Co

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.3101
    Latitude
    32.3048
    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
    $13,467
    $150,282
    $622,298
    $772,580
    -
    $150,282
    $622,298
    $772,580

    Comparable in this City

    • Value Estimation
      $2,430,000
      14,770 SF

      3320 Ssw Loop 323

      OFFICE/RESIDENTIAL (MIXED USE)
      3320 Ssw Loop 323, Tyler, TX 75701-9237
      View Details
    • Value Estimation
      $665,000
      4,028 SF

      3215 Old Jacksonville Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      3215 Old Jacksonville Rd, Tyler, TX 75701-7505
      View Details
    • Value Estimation by Request
      4,179 SF

      1919 Donnybrook Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      1919 Donnybrook Ave, Tyler, TX 75701-4236
      View Details
    • Value Estimation by Request
      2,092 SF

      3527 Broadway Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      3527 Broadway Ave, Tyler, TX 75701-8708
      View Details
    • Value Estimation
      $755,000
      8,250 SF

      2210 Frankston Hwy

      OFFICE/RESIDENTIAL (MIXED USE)
      2210 Frankston Hwy, Tyler, TX 75701-8900
      View Details
    • Value Estimation by Request
      2,280 SF

      1617 Golden Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      1617 Golden Rd, Tyler, TX 75701-4905
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,510 SF

      Mixed-Use Property in South Tyler

      Mixed-use property in high-growth South Tyler submarket, inside Loop 323.
      3810 Brookside Dr, Tyler, TX 75701
      View Details
    • Contact for pricing
      78,594 SF

      Loop East Shopping Center

      Neighborhood center with 78,594 SF retail space on 10.11 acres.
      2702 E 5Th St, Tyler, TX 75701
      View Details
    • Contact for pricing

      Glenwood Blvd Commercial Land Available

      1.12 acre commercial land for sale on Glenwood Blvd.
      911 W Glenwood Blvd, Tyler, TX 75701
      View Details
    • Contact for pricing

      Land Available For Sale

      Land available for sale at Southwest Loop 323, Tyler, TX.
      3909 S Southwest Loop 323, Tyler, TX 75701
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,000 SF

      Office Warehouse Space For Lease

      6,000 SF office warehouse space available for lease.
      3810 Timms St, Tyler, TX 75701
      View Details
    • Contact for pricing
      1,781 SF

      Customizable Office Space in Tyler

      Shell condition office space with tenant improvement allowance available.
      3143 Golden Rd, Tyler, TX 75701
      View Details
    • Contact for pricing
      3,080 SF

      Retail Center on Broadway Avenue

      78,700 SF retail center with updated facade.
      3502 S Broadway Ave, Tyler, TX 75701
      View Details
    • Contact for pricing

      Class A Office Building

      Premier office building with excellent visibility and access.
      821 E Loop Rd SE, Tyler, TX 75701
      View Details
    • Contact for pricing

      Convenient Office Spaces Inside Loop

      Two office spaces with excellent layouts and ample parking.
      611 Chase Dr, Tyler, TX 75701
      View Details
    • Contact for pricing

      Prime Pad Site For Lease

      0.4 acre pad site in high-traffic Tyler location.
      1909 E Loop Rd SE, Tyler, TX 75701
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    714 Shelley Dr
    Tyler, TX 75701-9440
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    714 Shelley Dr, Tyler, TX, 75701
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!