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    The Largest CRE Database in the US with Over 1 Million Listings

    380 An County Road 370 Palestine, TX 75801

    Sponsored
    For Sale
    $519,000

    Acreage,Rural,Undeveloped,Farm,Recreational,Ranch - Rural,Undeveloped,Farm,Recreational,Ranch

    Type:Farm
    Lot size:
    69.57 Acres
    Days on Market:
    99
    Last Refresh:
    Feb 13 at 9:06 am

    Property Features for 380 An County Road 370

    General Information

    Property type
    Land
    Property subtype
    Farm
    Standard status
    Active
    APN
    R854386 and R16413
    Exterior features
    Pond/Lake-natural, Fence
    Fencing
    Fenced
    Lot size
    69.57 Acres

    Building Details

    Architectural style
    Ranch

    We can help!

    Listing Contact
    Jordon Russell

    Live Texan Realty

    Listing agent Jordon Russell

    Listing date Nov 7, 2025

    MLS# 101730 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

    69 Acres in Palestine, Texas

    This 69-acre property is located at 380 An County Road 370 in Palestine, Texas, and features a mix of rolling terrain, open pasture, and mature timber. The land includes elevation changes suitable for building sites and a pond. The property offers a balance of open pasture for grazing and mature hardwoods for privacy and wildlife habitat. An existing agricultural exemption provides for lower property taxes while maintaining agricultural or recreational use. The location is just minutes from downtown Palestine, offering convenient access to shopping, dining, and other amenities. This property is suitable for building a home, starting a small ranch, or investing in East Texas land.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Law Firm Real Estate Agency Hair Salon Daycare Center Building Supply Big Box & Wholesale Store Kitchen & Bath Showroom Auto Repair Shop HVAC Service (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Palestine
    County
    Anderson
    State
    Texas
    Longitude
    -95.5987
    Latitude
    31.7706

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    FAQs

    What type of property is this?
    Farm - Land with pasture, timber, pond, and ag exemption near Palestine.
    Where is this farm located?
    The property is located at 380 An County Road 370 Palestine, TX.
    What is the asking price?
    The asking price for this property is $519,000.
    What are key features of this property?
    This property features: - 69 Acres of rolling terrain with open pasture and mature timber provides ideal building sites.; - Ag Exemption in place for low property taxes.; - Peaceful pond suitable for livestock, fishing, or relaxation.
    (512) 285-0557
    Request Owner's contact information
    380 An County Road 370 Palestine, TX 75801
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    Palestine, TX 75801
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    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
    380 An County Road 370 Palestine, TX 75801
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    We can help!
    Listing Contact
    Jordon Russell
    (512) 285-0557 (281) 814-0479
    Learn more
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