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Property profile & analytics
FOR SALE
Retail space
7924 S Broadway Ave Tyler, TX 75703
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US83-3887978
For Sale
1 / 2
$4,300,000
7924 S Broadway Ave, Tyler, TX 75703
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Total area
16,800 SF
Lot
2.01 ac (87,381 SF)
APN
1-50000-1150-00-003060
UPID
US83-3887978
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Lavender Spa Alternative Medicine Practice Spa & Massage Center
-
Catering Tyler Take-out & Catering Catering Service
-
Republic Finance Loan Service
-
The Diner Tyler Restaurant
-
Magic Nails & Spa Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.59M
Blend (final)
Blend
$1.73M
Owner & transaction history
Youk & Sun LLC · 8 yrs held
Youk & Sun LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.6M
+48.8%
Restaurant
$1.6M
+45.0%
Auto repair, garage
$1.5M
+34.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Tyler submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tyler submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,080,000
Current use
COMMERCIAL (GENERAL)
$1,605,000
Change: +49% · Conversion: Easy
RESTAURANT
$1,560,000
Change: +45% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,450,000
Change: +35% · Conversion: Difficult
OFFICE BUILDING
$1,410,000
Change: +31% · Conversion: Easy
Blend value · Realmo final
$1.73M
Range $1.55M – $1.90M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$103 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$52,086
Tax year 2023
Assessed value
$2,987,966
Assessed 2023
Previous assessed
$2,987,966
+0.0% YoY
Effective rate
1.74%
On assessed value
Assessed land
$961,191
Assessed improvement
$2,026,775
Land market value
$961,191
Improvement market value
$2,026,775
Total market value
$2,987,966
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
2007
Heating
NONE
Total area
16,800 SF
Lot
2.01 ac (87,381 SF)
APN
1-50000-1150-00-003060
UPID
US83-3887978
Jurisdiction
SMITH
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.6M
RESTAURANT
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Heating
NONE
Lot
2.01 ac
Current owner
From public records · entity-resolved
Youk & Sun LLC
Entity
Mailing address
23940 US HWY 271, GLADEWATER, TX 75647-9058
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2026
—
Youk & Sun LLC
—
Deed
related
$2,100,000 · Austin Bank Texas NA/gilmer
Dec 28, 2017
—
Youk & Sun LLC
Shops At Cumberland LLC
Grant Deed
$2,800,000 · Austin Bk/tx
May 17, 2017
—
Over Rainbow Prop LLC
Brown,mitch
Grant Deed
related
—
Oct 11, 2016
—
Shops At Cumberland LLC
Bateman Bryan C
Grant Deed
$2,484,000 · Citizens Nat'l Bk
Dec 26, 2012
—
Bryan Bateman
Iowa Falls Partners LP
Warranty Deed
$2,000,000 · Citizens National Bank
Jul 12, 2007
—
Iowa Falls Ptrs LP
Owner Name Unavailable
Grant Deed
related
—
Aug 8, 2005
—
Iowa Falls Partners
Cuvelier,kenneth
Warranty Deed
$310,000 · Bancorp South Bank
—
—
Iowa Falls Partners LP
—
Deed Of Trust
related
$1,956,940 · Bancorp South Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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