Add Listing
    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

    2228 Crockett Road Palestine, TX 75801

    View on Map
    Claim this Listing
    For Sale
    $675,500

    Unimproved Land - Palestine, TX

    Type:Unimproved Land
    Lot size:
    5.26 Acres
    Added:
    Mar 6, 2026
    Days on Market:
    46
    Last Refresh:
    Apr 21 at 1:06 pm

    Property Features for 2228 Crockett Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Unimproved Land
    Property condition
    New Construction
    Standard status
    Active
    APN
    35300
    Lot size
    5.26 Acres

    Building Details

    Building materials
    See Remarks
    Architectural style
    Other

    We can help!

    Listing Contact
    Ray Ver Hey

    Listing agent Ray Ver Hey License #0498681

    Listing office Staples Commercial Group, LLC 2344 Dueling Oaks, Frankston, TX

    Listing date Mar 6, 2026

    MLS# 21201140 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Cleared Land Ready For Development

    This cleared 5.26-acre parcel of land is ready for development. All utilities are available at the street. The property is located approximately 0.25 miles from Loop 256, surrounded by new commercial developments. Adjacent businesses include Kim's Convenience Store, Smoothie King, Grip It & Rip It Golf, and Hope Station. The parcel shares the current entrance with Kim's and the strip center. This location is suitable for restaurants, offices, and retail spaces.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Palestine
    County
    Anderson
    State
    Texas
    Longitude
    -95.6035139
    Latitude
    31.7335406

    Nearby Similar for Sale

    • $350,000

      Established Restaurant & Commercial Space

      Prime investment opportunity in Palestine, Texas.
      1907 W Oak Street, Palestine, TX 75801
      View Details
    • $475,000

      Updated Office Building in Palestine

      Move-in ready office building with modern amenities and flexible space.
      901 N Mallard Street, Palestine, TX 75801
      View Details
    • $359,000

      Medical/Professional Office Space Available

      Prime location near hospital, ideal for medical or wellness practices.
      123 Medical Dr, Palestine, TX 75801
      View Details
    • $299,000
      3,888 SF

      Versatile Commercial Property in Palestine, TX

      Adaptable commercial space on one acre in a convenient location.
      2000 E Murchison St, Palestine, TX 75801
      View Details
    • $498,500

      Prime Commercial Land in Palestine, TX

      2.795-acre commercial property with high visibility and development potential.
      1801 N Queen St, Palestine, TX 75803
      View Details
    • $269,900

      Former Church Building Opportunity

      Spacious former church ready for its next chapter.
      139 An County Road 389, Palestine, TX 75801
      View Details
    • $650,000

      Palestine Auditorium on Commercial Acres

      Large auditorium with commercial land in high-traffic location.
      1819 W Spring St, Palestine, TX 75801
      View Details
    • $99,000

      Versatile Commercial Property on Palestine Avenue

      Commercial property with offices and warehouse space on 0.48 acres.
      1701 W Palestine Avenue, Palestine, TX 75801
      View Details
    • $335,000

      Commercial Acreage on US Highway

      27 acres with high visibility and development potential.
      5210 S US Hwy 79, Palestine, TX 75803
      View Details
    • $335,000

      Commercial Land on US Highway

      27-acre commercial land with high visibility and development potential.
      5210 S US Hwy 79, Palestine, TX 75803
      View Details
    • $499,900

      Palestine, TX Investment Opportunity

      Property with income potential in a peaceful, rural setting.
      491 AN County Road 432, Palestine, TX 75803
      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

    FAQs

    What type of property is this?
    Commercial land - 5.26 acre commercial land parcel ready for development.
    Where is this commercial land located?
    The property is located at 2228 Crockett Road Palestine, TX.
    What is the asking price?
    The asking price for this property is $675,500.
    What are key features of this property?
    This property features: Cleared 5.26‑acre parcel ready for development; All utilities are available at the street; Excellent location only .25 mile from Loop 256 and new commercial development
    (903) 266-2900
    We can help!
    Listing Contact
    Ray Ver Hey
    Real Estate License ID: 0498681
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!