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

    2503 W Oak St Palestine, TX 75801

    Sponsored
    For Sale
    $470,000

    Commercial Sale - PALESTINE, TX

    Property size:
    3,360 SF
    Lot size:
    0.25 Acres
    Days on Market:
    127
    Last Refresh:
    Feb 13 at 3:06 pm

    Property Features for 2503 W Oak St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    R0032425
    Exterior features
    Fence
    Fencing
    Fenced
    Size
    3,360 SF
    Lot size
    0.25 Acres

    Utilities

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

    Building Details

    Year built
    1974
    Building materials
    Brick, Brick Veneer
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Tammy Rentsch

    Pineywoods Real Estate (903) 391-0736

    Listing agent Tammy Rentsch (903) 480-0760

    Listing date Oct 10, 2025

    MLS# 101646 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

    Commercial Property on Highway 79

    This commercial property offers excellent potential for various business ventures. Most recently used as a pizza restaurant, the 3,360 square foot building presents numerous other options. It benefits from maximum exposure on Highway 79, also known as Oak Street, a primary route between Austin and East Texas. The location has a daily traffic count estimated by TXDOT at over 16,000 vehicles. Situated in Palestine, TX, a rapidly growing city with newer retail, restaurant, and industrial businesses, this property on approximately 0.25 acres provides a great opportunity for entrepreneurs seeking a property with significant potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bella Sara Pizza ... Restaurant Crockett Seafood & Steak ... Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Big Box & Wholesale Store Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Palestine
    County
    Anderson
    State
    Texas
    Longitude
    -95.6569176
    Latitude
    31.7435686

    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 / Hwy 79 Cor, Palestine, TX 75801
      View Details
    • $300,000
      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
    • $650,000
      5,600 SF

      East Texas Event Venue

      5,600 sq ft event venue with income potential.
      5015 State Highway 155, 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
    • $745,000
      7,315 SF

      Trucking Yard with Service Bays

      Fenced 5-acre trucking yard with fueling, wash, and service bays.
      9182 Hwy 79, Palestine, TX 75801
      View Details

    FAQs

    What type of property is this?
    Restaurant - Commercial property with high traffic exposure on Highway 79.
    Where is this restaurant located?
    The property is located at 2503 W Oak St Palestine, TX.
    What is the asking price?
    The asking price for this property is $470,000.
    What are key features of this property?
    This property features: - Maximum exposure on Highway 79 (Oak Street) with high traffic count (over 16,000 vehicles daily).; - Excellent potential for various commercial uses (previously a pizza restaurant).; - Located in rapidly growing Palestine, Texas.
    (903) 360-4165
    Request Owner's contact information
    2503 W Oak 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.
    2503 W Oak 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
    2503 W Oak 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
    Tammy Rentsch
    (903) 360-4165 (903) 480-0760
    Learn more
    Google sign-in failed. Please try again or use another login method.