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$257,441

NAL Estimated Property Value

1215 E 5th St, Tyler, TX, 75701

Off MarketInfo
CommercialInfo
Baths1,120 Sq Ft
Year BuiltBuilt in 1985

Highlights

Interior

FlooringOther

Exterior

Lot Size17,555 sqft

Building Information

Year Built1985
Roof Type183

Land Information

APN1-50000-0657-00-028000
Lot Number28
SubdivisionEllis Korkmas
Land UseCommercial
Legal DescriptionELLIS KORKMAS BLOCK 657 LOT 28
Census Tract001200
Assessed Land Value$79,065
Assessed Improvement Value$178,376
Assessment Year2025

About this property

This prime commercial property features a fully operational car wash spanning 1,876 square feet, situated on a bustling stretch of E 5th St with a daily traffic count of 17,000 vehicles. Located just 0.5 miles from the emerging UT Medical School and directly across from Tyler Junior College. Zoned C-2, the property offers flexible use, making it an attractive option for a variety of businesses. Its strategic position, coupled with high visibility and accessibility, makes it an excellent investment or redevelopment opportunity in a growing area of Tyler, TX.

Investor Tools

Property Icon
$257,441
Estimated Property Value
$0Estimated Mortgage Balance
$257,441Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,970 /month
Positive
Cash Flow Estimate:
$990 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$328/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,653
$257,441
2025
$79,065
$178,376
$257,441
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,653
$257,441

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$257,441
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Tyler

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