3900 Troup HwyTyler, TX 75703

  • Outlet malls
  • 116,821 SF
For Lease
$15/SF/YR View listing

Property Details for 3900 Troup Hwy

Year built
1987
Construction
STEEL FRAME
Lot size
11.36 AC
Property size (Sq ft)
116,821 SF
Property type
Outlet malls
APN
1-50000-1092-03-012000
APU
150000109203012000

Description

This exceptional 112,000 square foot retail center, situated on an expansive 11.36-acre lot in Tyler, Texas, presents a unique investment opportunity. The property, built in 1987 and zoned C-2, features a single, one-story building with a minimum divisible space of 4,455 square feet and a maximum contiguous space of 4,455 square feet. Currently, one retail space is available, offering a warm shell condition ready for tenant improvements. Significant upgrades have recently been completed, including a new roof, HVAC unit, fire suppression system, ceiling grid, and lighting. The landlord is offering a generous $150,000 tenant improvement allowance to assist with build-out. The space boasts a 20-foot clear height and includes a secure, high-fenced area. Ample parking is provided by a large, well-maintained parking lot. The property's strategic location alongside At Home and other major retailers ensures high visibility and foot traffic. This is an ideal location for businesses seeking a prominent presence in a thriving retail environment. The address is 3900 Troup Hwy, Tyler, TX 75703.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $37,818,820
    6.5%
    $34,909,680
    7%
    $32,416,132
  • Comparable approach

    Method
    Valuation
    Relative Method
    $43,057,780
    Geo Method
    $88,137,096
  • Alternative Use

    Use
    Valuation
    Residential
    $29,447,622
    Hospitality
    $26,973,864
    Educational
    $22,441,938
    Medical
    $23,213,750
    Retail
    $34,909,680

Location Insight

City
Tyler
County
Smith
State
Texas
Latitude
32.3075
Longitude
-95.2696
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
$50,689
$990,032
$1,917,815
$2,907,847
-
$990,032
$1,917,815
$2,907,847

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