Property profile

1585 N Frankston Hwy Frankston, TX 75763

FOR SALE
Other commercial real estate
Property ID
US82-5540543
720 SF 1.8 ac lot Built 1997
Individually Owned 18-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property at 1585 N Frankston Hwy in Frankston, Texas consists of two buildings totaling approximately 3,014 square feet on a 1.802-acre lot. The primary building is a metal structure of about 2,294 square feet with a 36' x 60' clear-span layout and is wired to support welding equipment and compressors. A secondary building of approximately 720 square feet is present and configured for finish-out. The site provides parking and vehicle maneuvering space for deliveries. The property is positioned with frontage and visibility on State Hwy 155, with access to nearby routes toward Palestine and Jacksonville. It is suitable for retail, office, service-based uses, light industrial uses, or investment purposes, subject to applicable zoning requirements. An on-site water well is included; its condition is not documented and would require inspection.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1997
Total area 720 SF
Lot 1.8 ac (78,495 SF)
APN R834306
UPID US82-5540543

Cap rate & NOI

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

Location

1585 N Frankston Hwy Frankston, TX 75763
Frankston metro Census 950100 PALESTINE, TX MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2008
1 recorded transaction
2008
Price N/A

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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