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    123 Medical Dr Palestine, TX 75801

    For Sale
    $359,000

    Building - Palestine, TX

    Lot size:
    0.97 Acres
    Days on Market:
    62
    Last Refresh:
    Dec 14 at 3:06 am

    Property Features for 123 Medical Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security System
    Zoning
    Commercial
    Interior features
    Security System
    Lot size
    0.97 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric, Zoned

    Building Details

    Year built
    1991
    Building materials
    Brick, Brick Veneer
    Architectural style
    Other

    Landmark Realty (903) 948-7140 [email protected]

    Listing agent Christie Scroggins (903) 729-4000 License #0480898

    Listing date Oct 14, 2025

    MLS# 25007856 Listing URL

    Copyright © 2025 Greater Tyler 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.

    Overview

    Medical/Professional Office Space Available

    This medical/professional office space is in a prime location directly behind the hospital. The property represents a 35.3% interest, totaling 3372 square feet, and is move-in ready. It is suitable for various medical or wellness practices. The building includes 16 built-out rooms, featuring 4 exam rooms with medical wash sinks and cabinetry, a large therapy room, and a physician’s office with a private full bath. There is also a reception area and a storage/lab area, along with a shared foyer and waiting room. A covered patient drop-off area is available. Monument signage provides high visibility. Ample parking is available with 44 total spaces, including 1 designated spot near the private rear entrance/exit. The monthly pro-rata share covers electric, cleaning, lawn care, water/sewer, security/alarm, and property taxes. The property is situated on a 0.969-acre lot. The current tenant would like to stay but understands if the new owner needs the entire office. Owner financing is a possibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Robert J Falconer, ... Surgeon Cecil D Morgan ... Podiatrist Morgan Christopher DPM Podiatrist Rachel Coker Physical Therapist Karen Lowe Physical Therapist

    Suggested Use

    Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Gym & Fitness

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

    Similar Places Nearby

    Southwest Hills Veterinary

    Location Insight

    • Map
    • Local Demand
    City
    Palestine
    County
    Anderson
    State
    Texas
    Longitude
    -95.6273689
    Latitude
    31.731406

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    FAQs

    What type of property is this?
    Medical office - Move-in ready medical/professional office space in prime location.
    Where is this medical office located?
    The property is located at 123 Medical Dr Palestine, TX.
    What is the asking price?
    The asking price for this property is $359,000.
    What are key features of this property?
    This property features: - Prime location directly behind the hospital.; - Move-in ready, fully built-out medical/professional office space (3372 sqft).; - Owner financing available.
    (903) 729-4000
    Request Owner's contact information
    123 Medical Dr Palestine, TX 75801
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    Realmo Value Estimation

    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.

    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
    123 Medical Dr Palestine, TX 75801
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