Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Lots Near School Title is generated by Realmo AI

    TBA HWY 155, Palestine, TX 75803

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Residential - Palestine, TX

    Lot size:
    0.25 Acres
    Added:
    May 18, 2026
    Days on Market:
    9
    Last Refresh:
    May 26 at 7:06 pm

    Property Features for TBA HWY 155

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.25 Acres

    Taxes and HOA fees

    Tax Annual Amount
    165.65

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Kathey Clark

    Listing agent Kathey Clark License #0684835

    Listing office Quality Choice Solutions, LLC 5380 Old Bullard Rd, Tyler TX, TX

    Listing date May 18, 2026

    MLS# 26007004 Listing URL

    Copyright © 2026 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.

    HighLights

    • Six Lots Available
    • Adjacent to Northside Primary School
    • Opportunity to purchase multiple lots together
    • Land/Development Opportunity
    • Potential for Development
    • Investment Property

    Overview

    Six residential lots are available for sale in Palestine, Texas. The property, with individual lot sizes of approximately 0.248 acres, is located adjacent to Northside Primary School. The seller prefers to sell all six lots together.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Palestine
    County
    Anderson
    State
    Texas
    Longitude
    -95.5987
    Latitude
    31.7706

    Nearby Similar for Sale

    • $615,000
      4,800 SF

      Established Auto Supply Business Opportunity

      Long-established auto supply business with real estate for sale.
      601 W Lacy Street, Palestine, TX 75801
      View Details
    • $274,900
      3,888 SF

      Versatile Commercial Property in Palestine, TX

      Adaptable commercial space on one acre in a convenient location.
      2000 E Murchison St, Palestine, TX 75801
      View Details
    • $359,000
      3,372 SF

      Medical/Professional Office Space Available

      Prime location near hospital, ideal for medical or wellness practices.
      123 Medical Dr, Palestine, TX 75801
      View Details
    • $1,350,000
      3,324 SF

      Palestine Multifamily Investment Opportunity

      8+ acres with multiple residences and income potential.
      3091 FM 322, PALESTINE, TX 75801
      View Details
    • $498,500
      3,000 SF

      Prime Commercial Land in Palestine, TX

      2.795-acre commercial property with high visibility and development potential.
      1801 N Queen St, Palestine, TX 75803
      View Details
    • $1,335,000
      3,355 SF

      East Texas Hilltop Retreat

      A private, updated farmhouse on 28+ acres in Palestine, TX.
      231 An County Road 2105, Palestine, TX 75801
      View Details
    • $859,000
      3,250 SF

      Palestine Farm Ranch with Pond

      35-acre property with custom home and stocked pond.
      4149 An County Road 2202, Palestine, TX 75803
      View Details
    • $975,000
      7,840 SF

      Commercial Property with Business Opportunity

      Two buildings, land, business, and inventory for sale in Palestine.
      1900 Crockett Rd, Palestine, TX 75801
      View Details
    • $745,000
      7,315 SF

      Palestine Commercial Property with Trucking Features

      Commercial property with trucking amenities, warehouse, and service bays.
      9182 HWY 79, Palestine, TX 75801
      View Details
    • $199,999

      Former Church Building Opportunity

      Adaptable space ideal for various ventures in Palestine, Texas.
      139 An County Road 389, Palestine, TX 75801
      View Details
    • $350,000

      Established Restaurant & Commercial Space

      Prime investment opportunity in Palestine, Texas.
      1907 W Oak Street, Palestine, TX 75801
      View Details
    • $650,000
      1,750 SF

      East Texas Timberland Retreat

      Secluded 37.86-acre property with remodeled home and guest house.
      302 An County Road 3914, Palestine, TX 75801
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Six residential lots for sale adjacent to Northside Primary School.
    Where is this residential land & home lot located?
    The property is located at TBA HWY 155 Palestine, TX.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Six Lots Available; Adjacent to Northside Primary School; Opportunity to purchase multiple lots together
    (855) 727-4255
    We can help!
    Listing Contact
    Kathey Clark
    Real Estate License ID: 0684835
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    TBA HWY 155, Palestine, TX 75803
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!