Technical
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Property profile

79 Brookhollow Dr Palestine, TX 75801

OFF-MARKET
Land
55 ac lot
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Property summary

AI-generated overview

Exceptional investment opportunity: 55.009 acres (±) of timberland located in Palestine, Texas, offering a unique blend of city convenience and rural tranquility. This expansive property boasts mature trees and abundant wildlife, creating a serene and private setting. Access is provided via a city residential lot on Brookhollow Lane, leading to the back portion of the tract situated outside city limits. Gum Creek flows through the property, adding to its natural beauty. The county portion of the land is not subject to known building restrictions, presenting numerous possibilities for residential development, recreational activities, or a combination of both. Potential buyers should independently verify the availability, costs, restrictions, and codes associated with utilities; city utilities may be accessible depending on the chosen building site. The legal description encompasses WOODRIDGE ADDITION #2 BLOCK B LOT 10 (approx. 0.8890 acres ±), A0020 EDLEY EWING BLOCK 1188 TRACT 5 & 9 (approx. 17.77 acres ±), and A0020 EDLEY EWING BLOCK 1186 TRACT 4 (approx. 36.35 acres ±), totaling 55.009 acres (±). Asking price: $335,000. Located at Hwy 79 Brookhollow Dr, Palestine, TX 75801.

Property profile

Verified
Property type Land
Lot 55 ac (2,395,800 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

79 Brookhollow Dr Palestine, TX 75801
Palestine metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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