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    Flex Office & Warehouse Facility Title is generated by Realmo AI

    2005 Tile Factory Road, Palestine, TX 75801

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    For Lease
    $6,800/Mo $5 SF/Yr (calc)

    COMMERCIAL - Palestine, TX

    Property size:
    13,800 SF
    Lot size:
    2.80 Acres
    Added:
    Mar 17, 2026
    Days on Market:
    81
    Last Refresh:
    Jun 5 at 11:06 am

    Property Features for 2005 Tile Factory Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    R14108
    Lot size
    2.80 Acres

    Taxes and HOA fees

    Tax Description
    A0033 JORDAN, JOSEPH BLOCK 1204 TRACT 4A

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    1961
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Carpet, Tile, Laminate, Concrete
    Building materials
    AluminumSiding, Brick
    Roof type
    Metal

    We can help!

    Listing Contact
    Ray Ver Hey

    Listing agent Ray Ver Hey License #0498681

    Listing office Staples Commercial Group, LLC Frankston, TX

    Listing date Mar 17, 2026

    MLS# 21044986

    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.

    HighLights

    • Total 13,800 SF split into 6,300 SF office space and 7,800 SF warehouse area
    • Office includes 10+ offices, large conference room, bull pen area, break room, training room, and multiple restrooms
    • Warehouse has 3 grade‑level doors (14 ft) plus 2 semi dock‑high loading doors
    • 2.8‑acre, fully high‑fenced property with automatic gate opener and parking for 20 semi‑trucks plus 32 vehicle spaces
    • Located in Palestine with public water and public sewer; central electric heating and central air; metal roof
    • Current rent is $8,280/month plus NNN

    Overview

    A large flex office and warehouse facility designed for both operations and administration, totaling 13,800 square feet. The office portion provides over 6,300 square feet with 10+ offices, a large conference room, bull pen area, break room, training room, laundry room, and multiple restrooms. The attached warehouse area totals 7,800 square feet and is supported by three 14-foot grade-level doors plus two semi dock-high loading doors.

    Set on 2.8 acres, the property is configured for heavy vehicle use with high fencing and an automatic gate opener. Parking supports day-to-day operations with 32+ vehicle spaces and parking for 20 semi-trucks, while maintaining room to maneuver throughout. The facility is located across the street from LS Tractor Manufacturing and positioned centrally in East Texas for distribution in and out.

    This offering is well suited for businesses that need substantial on-site office capacity alongside functional warehousing, including logistics and distribution users who require straightforward semi access and yard space. The combination of dedicated loading and a fully built-out office environment can support teams that manage shipping, training, and daily operations from the same location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Freestyle Transport Freight Service

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center Auto Parts Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Palestine
    County
    Anderson
    State
    Texas
    Longitude
    -95.676392
    Latitude
    31.727157

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    FAQs

    What type of property is this?
    Flex space - Hard-to-find office and warehouse layout with semi-truck access, high-fenced yard, and multiple loading options.
    Where is this flex space located?
    The property is located at 2005 Tile Factory Road Palestine, TX.
    What is the lease rate?
    The lease rate is $6,800 /Mo.
    What are key features of this property?
    This property features: Total 13,800 SF split into 6,300 SF office space and 7,800 SF warehouse area; Office includes 10+ offices, large conference room, bull pen area, break room, training room, and multiple restrooms; Warehouse has 3 grade‑level doors (14 ft) plus 2 semi dock‑high loading doors
    (903) 876-1051
    We can help!
    Listing Contact
    Ray Ver Hey
    Real Estate License ID: 0498681
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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.

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