Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    000 Marion St Palestine, TX 75801

    Sponsored
    For Sale
    $35,000

    Lots,Vacant, Vacant - PALESTINE, TX

    Lot size:
    0.97 Acres
    Days on Market:
    36
    Last Refresh:
    Jan 21 at 3:06 pm

    Property Features for 000 Marion St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R29554
    Exterior features
    None, Fence
    Fencing
    Fenced
    Lot size
    0.97 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Kati Thomas

    Premier Realty

    Listing agent Kati Thomas (903) 729-0118

    Listing date Dec 17, 2025

    MLS# 101819 Listing URL

    Copyright © 2026 Palestine Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Residential Lot in Palestine, TX

    This 0.97-acre lot is located at the end of a neighborhood street. The property offers a blend of privacy and community living. It is suited for building a home with an outdoor retreat or a private garden sanctuary. The city is to provide utilities. The seller will create and maintain a private driveway. Buyers are advised to verify details.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palestine
    County
    Anderson
    State
    Texas
    Longitude
    -95.620915
    Latitude
    31.782645

    Nearby Similar for Sale

    • $975,000
      7,840 SF

      Commercial Property with Established Business

      Two buildings, land, business, and inventory available for purchase.
      1900 Crockett Rd, Palestine, TX 75801
      View Details
    • $975,000
      7,840 SF

      Established Decorating Center with Property

      Family-owned decorating center with property, business, and inventory for sale.
      1900 Crockett Rd, Palestine, TX 75801
      View Details
    • $298,500
      3,800 SF

      Historic Downtown Palestine Live/Work Opportunity

      Unique live/work property in historic downtown Palestine.
      206 W Oak St, Palestine, TX 75801
      View Details
    • $299,500
      6,000 SF

      Warehouse on High-Traffic Highway

      6000+ sq ft warehouse on 1.365 acres in Palestine, TX.
      111 Cedarvale St, Palestine, TX 75801
      View Details
    • $345,000
      9,808 SF

      Downtown Palestine Commercial Buildings For Sale

      Two buildings in Palestine's Main Street District, totaling 9,808 sqft.
      219/217 Main St, Palestine, TX 75801
      View Details
    • $575,000
      25,818 SF

      Spacious Warehouse on 3.51 Acres

      25,818 sq ft warehouse with multiple bay doors for sale.
      1420 E Palestine Ave, Palestine, TX 75801
      View Details
    • $575,000
      3.51 Acres

      Spacious Warehouse on 3.51 Acres

      25,818 sq ft warehouse suitable for warehousing, manufacturing, distribution.
      1420 E Palestine Ave, Palestine, TX 75801
      View Details
    • $870,000
      3,250 SF

      Home on 35 Acres

      Custom home with pond, fenced for livestock and activities.
      4149 Acr 2202, Palestine, TX 75803
      View Details
    • $675,000
      5,600 SF

      East Texas Event Venue

      5,600 sqft event venue with hilltop views near town.
      5015 State Highway 155, Palestine, TX 75803
      View Details
    • New
      $1,750,000
      7,000 SF

      Ranch Estate with Equestrian Facilities

      38-acre ranch estate featuring a remodeled home and equestrian facilities.
      9689 E Fm 837, Palestine, TX 75803
      View Details
    • $745,000
      7,315 SF

      Commercial Property with Trucking Features

      Fenced 5-acre commercial property suitable for trucking and distribution.
      9182 Hwy 79 S, Palestine, TX 75801
      View Details
    • $1,825,000
      163.00 Acres

      163-Acre Ranch with Multiple Ponds

      Ranch featuring hay meadows, grassland, ponds, and abundant wildlife.
      3732 Us Highway 84, Palestine, TX 75801
      View Details

    FAQs

    What type of property is this?
    Land - 0.97 acre lot for a dream home.
    Where is this land located?
    The property is located at 000 Marion St Palestine, TX.
    What is the asking price?
    The asking price for this property is $35,000.
    What are key features of this property?
    This property features: - Large .97 acre lot provides ample space for building.; - Located at the end of a quiet neighborhood street.; - Offers both privacy and community living.
    (512) 964-0906
    Request Owner's contact information
    000 Marion St Palestine, TX 75801
    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.
    000 Marion St
    Palestine, TX 75801
    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
    000 Marion St Palestine, TX 75801
    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

    We can help!
    Listing Contact
    Kati Thomas
    (512) 964-0906
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.