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    321 E Spring St, Unit 121 Palestine, TX 75801

    For Lease
    $2,246 /Mo ($11 SF/Yr)

    Building - Palestine, TX

    Property size:
    2,450 SF
    Lot size:
    1.29 Acres
    Days on Market:
    334
    Last Refresh:
    Dec 9 at 11:06 pm

    Property Features for 321 E Spring St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Central Business District
    Parking features
    Off Street
    Size
    2,450 SF
    Lot size
    1.29 Acres

    Building Details

    Building materials
    Brick, Brick Veneer
    Architectural style
    Other

    Drake Capital, LLC dba Drake Real Estate & Investments (903) 581-3737 [email protected]

    Listing agent Matthew Marshall (903) 581-3737 License #0544812

    Listing date Jan 10, 2025

    MLS# 23008054 Listing URL

    Copyright © 2025 Greater Tyler 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.

    Overview

    Office Space in Palestine Town

    Available for rent is 2,450 square feet of office space, with the option to subdivide. The property is located in the Palestine Town Center, adjacent to Kroger. The layout includes 7 offices, a conference room, 2 restrooms, a break room, a storage room, a dedicated waiting area, and a reception area. Surrounding tenants include USA Donuts, Palestine Finance, Western Shamrock, Smoke Kulture, Wendy Nails & Spa, Preferred Choice Income Tax, Gold Star Finance, Freeway Insurance, Livingston Hearing Aids, and China Massage. The property features ample parking and is easily accessible. The property is located in Palestine, TX, and has a lot size of 1.29 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    US Army Recruiting Military Recruiting Office USA Donuts Donut Shop China massage Massage Spa Milligan Edward J ... Otolaryngologist Guardian Angel Home ... Home Health Care Service

    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
    -95.6271218
    Latitude
    31.7620131

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    FAQs

    What type of property is this?
    Office space - 2,450 SF office space for rent in Palestine, TX.
    Where is this office space located?
    The property is located at 321 E Spring St, Unit 121 Palestine, TX.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: - Prime Location: Located next to Kroger in Palestine Town Center.; - Subdividable Space: Ability to subdivide the 2,450 sf office space.; - Functional Layout: Includes 7 offices, conference room, 2 restrooms, break room, storage room, dedicated waiting area, and reception area.
    (903) 581-3737
    Request Owner's contact information
    321 E Spring St, Unit 121 Palestine, TX 75801
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    Palestine, TX 75801
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    Realmo Value Estimation

    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

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    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.

    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
    321 E Spring St, Unit 121 Palestine, TX 75801
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