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

    3662 Acr 359 Palestine, TX 75803

    Sponsored
    For Sale
    $855,000

    Acreage W/Res, Single Family,One Story - Palestine, TX

    Property size:
    2,344 SF
    Lot size:
    59.05 Acres
    Days on Market:
    14
    Last Refresh:
    Jan 29 at 10:06 pm

    Property Features for 3662 Acr 359

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    Bathrooms
    3
    APN
    0367.0829.0700.0000
    Parking
    3
    Parking features
    Garage
    Patio and Porch features
    Patio, Porch
    Pool private
    1
    Interior features
    Wbfp, Washer/Dryer Connection, Hardwood Floors, Woodburning Stove, Ceiling Fans
    Exterior features
    Insulated Windows And Doors, Patio, Storage Building, Front/Back Porch, Fence, Pool, Residence(s), Stock Tank(s), Fenced, Cross Fenced, Workshop, Patio, Shade Trees
    Fencing
    Cross Fenced, Fenced
    Appliances
    Dishwasher, Garbage Disposer, Washer
    Size
    2,344 SF
    Lot size
    59.05 Acres

    Utilities

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

    Building Details

    Year built
    1972
    Floors in Building
    1
    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    Other
    Additional Structures
    Residence, Storage, Workshop

    We can help!

    Listing Contact
    Christopher Curran

    STEVE GRANT REAL ESTATE LLC (903) 675-3503

    Listing agent Christopher Curran (903) 675-3503

    Listing date Jan 16, 2026

    MLS# 110180 Listing URL

    Copyright © 2026 Henderson County Board 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

    Overview

    59 Acres with Comfortable Home

    This property features a 2,344 square foot home situated on approximately 59.05 acres. The residence offers comfort, privacy, and open space, complemented by a peaceful country setting. The property includes picturesque stocked ponds.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Palestine
    County
    Anderson
    State
    Texas
    Longitude
    -95.5987
    Latitude
    31.7706

    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
    • New
      $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
    • New
      $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
    • $1,750,000
      7,000 SF

      East Texas Ranch Estate

      Ranch estate on 38 acres with 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?
    Ranch - 2,344 sqft home on 59 acres with stocked ponds.
    Where is this ranch located?
    The property is located at 3662 Acr 359 Palestine, TX.
    What is the asking price?
    The asking price for this property is $855,000.
    What are key features of this property?
    This property features: - Approximately 59.05 scenic acres providing privacy and open space.; - Includes stocked ponds for a peaceful country setting.; - Features a private pool.
    (903) 275-6625
    Request Owner's contact information
    3662 Acr 359 Palestine, TX 75803
    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.
    3662 Acr 359
    Palestine, TX 75803
    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
    3662 Acr 359 Palestine, TX 75803
    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
    Christopher Curran
    (903) 275-6625
    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.