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    Royall St Palestine, TX 75801

    For Sale
    $55,000

    0.337-acre lot, high traffic area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 0.337-acre commercial lot is ideally situated on the southwest side of Palestine, Texas, just off Loop 256. Boasting a highly desirable location within a dense commercial area, this property benefits from exceptional visibility and high traffic counts exceeding 14,000 vehicles daily at the intersection of S. Royall St. and Loop 256. The lot is conveniently located less than a tenth of a mile from Loop 256, placing your future business in the heart of Palestine's highest density commercial zone. This level, build-ready lot offers immediate access to city water, sewer, and electricity, simplifying the development process. Its proximity to the hospital, numerous retail establishments, and restaurants further enhances its appeal. Zoned HC (Highway Commercial), this property presents a unique opportunity to establish a thriving business in a vibrant and accessible location. The lot is easily accessible, situated on the left side of S. Royall St., adjacent to Nalcom. It's important to note that this is one of two lots

    Property Features for 0 Royall St

    General Information

    Property type
    Specialty properties
    Lot Size
    14,680 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Palestine
    County
    Anderson
    State
    Texas
    Longitude
    -95.6255337
    Latitude
    31.745441

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    FAQs

    What type of property is this?
    Specialty property - 0.337-acre lot, high traffic area
    Where is this specialty property located?
    The property is located at Royall St Palestine, TX.
    What is the asking price?
    The asking price for this property is $55,000.
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    Royall St 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

    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.

    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
    Royall St Palestine, TX 75801
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