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    Property profile & analytics

    S Main St, TX

    • Auto shops
    • 5,800 SF
    • 0.70 lot acres
    OFF-MARKET
    Value Estimations
    $455,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4707523
    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

    • Auto shops

    Property Details for S

    Year built
    2008
    Lot size
    0.70 lot acres
    Property size
    5,800 SF
    Property type
    Auto shops
    APN
    1-79970-0000-00-003000
    APU
    179970000000003000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Estimation
      $425,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $505,000
      6.5%
      $505,000
      7%
      $540,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $550,000
      Geo Method
      $525,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $530,000
      Retail
      $525,000
      Mixed-Use
      $670,000
      Hospitality
      $560,000
      Educational
      $660,000
      Residential Income
      $615,000
      Energy
      $535,000
      Income-Based Land
      $485,000
      Food Service
      $640,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Main St
    County
    Smith
    State
    Texas
    Longitude
    -95.3975
    Latitude
    32.4876
    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
    $8,528
    $161,147
    $282,815
    $443,962
    -
    $161,147
    $282,815
    $443,962

    Comparable in this City

    • Value Estimation by Request
      0.15 Acres

      Pioneer Pkwy

      AUTO REPAIR, GARAGE • 0.15 Acres
      Pioneer Pkwy, Arlington, TX
      View Details
    • Value Estimation by Request
      960 SF

      Railrd Ave, TX

      AUTO REPAIR, GARAGE • 960 SF
      Railrd Ave, TX
      View Details
    • Value Estimation by Request
      2,240 SF

      Fm 1017, TX

      AUTO REPAIR, GARAGE • 2,240 SF
      Fm 1017, TX
      View Details
    • Value Estimation
      $445,000
      4,786 SF

      E

      AUTO REPAIR, GARAGE • 4,786 SF
      E, Southcross Blvd, TX
      View Details
    • Value Estimation
      $535,000
      2,880 SF

      S

      AUTO REPAIR, GARAGE • 2,880 SF
      S, Fm 88, TX
      View Details
    • Value Estimation
      $415,000
      3,264 SF

      Cenizo St, TX

      AUTO REPAIR, GARAGE • 3,264 SF
      Cenizo St, TX
      View Details

    Similar Nearby for Sale

    • $1,250,000
      3,400 SF

      Six-Bay Automotive Shop on Land

      Automotive shop with six bays on approximately 2 acres.
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      Commercial property with service, repair, warehouse, and storage spaces.
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      Highway Frontage Caliber Collision Property

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      Abernathy Investment Opportunity

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      New Retail Building For Sale

      New construction retail building with long-term corporate lease.
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    • $800,000
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      Auto Shop with Two Garages

      Auto shop with office space and equipment for sale.
      4123 S Lancaster Blvd, Dallas, TX
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    Similar Nearby for Lease

    • $350,000
      4,600 SF

      Corner Property with Multiple Buildings

      Fenced property with multiple buildings suitable for mechanic or industrial.
      6334 Midvale Ave, Houston, TX
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    • $7,500 /Mo
      3,750 SF

      Permian Basin Commercial Shop Space

      3,750 sq ft commercial shop on 5 acres for lease.
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      3,486 SF

      Equipped Auto Repair Shop Available

      Fully equipped auto repair shop with double bays, ready now.
      5947 Rufe Snow Dr, Watauga, TX
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    • $8 SF/Yr
      4,144 SF

      Versatile Automotive Space on Main

      Automotive-ready space with showroom, offices, and shop area.
      621 Main St, La Porte, TX
      View Details
    • $4,500 /Mo
      5,000 SF

      Versatile Warehouse and Showroom Space

      5,000 SF warehouse with showroom on 7 acres available.
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      View Details
    • Contact for pricing
      3,500 SF

      Retail/Restaurant Space on Northwest Highway

      Retail or restaurant space with highway access and pylon signage.
      1501 W Hwy NW, Garland, TX
      View Details
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    Main St, TX
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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.

    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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