Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    330 Spring St Palestine, TX 75801

    Sponsored
    For Lease
    Contact for pricing

    High-visibility retail space in Palestine, TX.

    Lot size:
    45,923 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    412
    This exceptional retail opportunity presents 17,631 square feet of vacant space within the established Palestine Shopping Center, located at 330 E Spring St, Palestine, TX 75801. The center boasts a total of 45,923 square feet across two single-story buildings, constructed in 1965. This Class C property offers a highly visible location, just moments from the heart of Palestine. The available space is divisible, with a minimum of 7,169 square feet and a maximum contiguous space of 7,562 square feet, providing flexibility for various retail concepts. Ample parking is available with a ratio of approximately 1 space per 237 square feet of building area. The property sits on a sizable 3.254 acres of land (APN: R0034492). This prime location offers excellent visibility and accessibility, making it an ideal investment for businesses seeking a strong presence in the Palestine market. The property's street retail subtype ensures high foot traffic and convenient access for customers. This is a rare chance to secure a significant retail footprint in a thriving Texas community. The property is ready for immediate occupancy.

    Property Features for 330 Spring St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    45,923 SF
    Class
    C

    Building Details

    Year Built
    1965
    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    Multiple suites available
    Size
    7,562 SF

    We can help!

    Listing Contact
    Matthew Marshall
    Matthew Marshall

    Learn more

    Property Insight Report
    Property Profile Location Intelligence

    Current Use by Public Records

    Family Protective Services Social Services Organization Homedry Water Damage ... Water Damage Restoration Service Beauty & Gift Beauty Supply Store Texas Health and Human ... Government Office

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Palestine
    County
    Anderson
    State
    Texas
    Longitude
    -95.6281343
    Latitude
    31.7611195

    Nearby Similar for Lease

    • $8,280 /Mo
      13,800 SF

      Palestine Office/Warehouse Space Available

      Large office/warehouse with semi-truck access in Palestine, Texas.
      2500 Tile Factory Rd, Palestine, TX 75801
      View Details
    • $8,280 /Mo
      122,099 SF

      Palestine Warehouse with Extensive Office

      Large office and warehouse space with easy semi-truck access.
      2005 Tile Factory Rd, Palestine, TX 75801
      View Details
    • $3,500 /Mo
      145,578 SF

      Palestine TX Warehouse For Lease

      33,000 SF warehouse with highway frontage and flexible spaces.
      3215 W Oak St, Palestine, TX 75801
      View Details
    • $5,500 /Mo
      37,984 SF

      Updated Office Building with Storage

      Move-in ready office space with ample storage and parking.
      901 N Mallard St, Palestine, TX 75801
      View Details
    • $2,295 /Mo
      7,231 SF

      Palestine Flex Space For Lease

      3060 SF flex space available for lease in Palestine, TX.
      5424 W Oak St, Palestine, TX 75801
      View Details
    • $5,492 /Mo
      34,412 SF

      Premium Office Building For Lease

      Modern office building with high visibility and flexible workspace.
      324 E Palestine Ave, Palestine, TX 75801
      View Details
    • $2,246 /Mo
      55,757 SF

      Office Space in Palestine Town

      2,450 SF office space available for lease near Kroger.
      321 E Spring St, Palestine, TX 75801
      View Details
    • $2,246 /Mo
      2,450 SF

      Office Space in Palestine Town

      2,450 SF office space for lease in Palestine, TX.
      321 E Spring St, Palestine, TX 75801
      View Details
    • Contact for pricing
      2,590 SF

      Wendy's Restaurant - Palestine, TX

      High-Traffic QSR, Drive-Thru Potential
      2215 Tx-256 Loop, Palestine, TX 75801
      View Details
    • $12 SF/Yr
      14,925 SF

      Palestine Office Space Available

      Prime Downtown Office Suites, 1,225-2,450 SF
      321 Spring St, Palestine, TX 75801
      View Details
    • Contact for pricing
      40,000 SF

      Willow Creek Medical Office Suites

      Class A Medical Office Space in Palestine, TX
      300 Willow Creek Pkwy, Palestine, TX 75801
      View Details
    • $10 SF/Yr
      33,900 SF

      Oak Street Commercial Complex

      Prime US-79/84 Location, Flexible Spaces
      3215 Oak St, Palestine, TX 75801
      View Details

    FAQs

    What type of property is this?
    Individual retail property - High-visibility retail space in Palestine, TX.
    Where is this individual retail property located?
    The property is located at 330 Spring St Palestine, TX.
    Request Owner's contact information
    330 Spring 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.
    330 Spring 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
    330 Spring 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
    Matthew Marshall
    Matthew Marshall
    Real Estate License ID: TX 75703
    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.