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Property profile & analytics
FOR SALE
Commercial real estate
1701 W Palestine Ave Palestine, TX 75801
Entity Owned
3-yr Hold
Free & Clear
Property ID
US82-9057546
For Sale
1 / 20
$99,000
1701 W Palestine Ave, Palestine, TX 75801
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1945
Total area
4,389 SF
Lot
0.48 ac (21,070 SF)
APN
R28719
UPID
US82-9057546
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Reeves Estate Ranch LLC · 3 yrs held
Reeves Estate Ranch LLC
since 2022
Last sale
$23,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Palestine submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palestine submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$5,677
Tax year 2022
Assessed value
$168,148
Assessed 2023
Previous assessed
$168,148
+0.0% YoY
Effective rate
3.38%
On assessed value
Assessed land
$57,937
Assessed improvement
$110,211
Land market value
$57,937
Improvement market value
$110,211
Total market value
$168,148
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1945
Heating
NONE
Total area
4,389 SF
Lot
0.48 ac (21,070 SF)
APN
R28719
UPID
US82-9057546
Jurisdiction
ANDERSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1945
Heating
NONE
Lot
0.48 ac
Current owner
From public records · entity-resolved
Reeves Estate Ranch LLC
Entity
Free & Clear · 3 yrs held
Mailing address
6210 FRST BLVD, EAST SAINT LOUIS, IL 62204-2324
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2022
$23,000
Reeves Estate Ranch LLC
Cashmere Investments LLC
Warranty Deed
—
Jul 29, 2013
$41,000
Larry Coker
Rer LLC
Sheriffs Deed
related
—
Jun 20, 2013
—
Larry Coker
Rer L L C
Sheriffs Deed
related
—
Dec 17, 2010
—
Rer LLC
Rodney Brown
Warranty Deed
—
Jan 21, 2010
$50,000
R Brown Construction LLC
Moore Mervil
Venders Lien
$50,000 · Mervil Moore
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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