Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1807 An County Road 151 Palestine, TX 75801

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1807 An County Road 151 Palestine, TX 75801

    View on Map
    • Commercial real estate
    • 33.00 lot acres
    Off-Market
    Property ID
    US83-0239954
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1807 An County Road 151

    Lot size
    33.00 lot acres
    Property type
    Commercial real estate
    APN
    838095

    Description

    This exceptional 33-acre farm in Palestine, Texas, presents a unique opportunity. The property boasts a spacious 3,521 square-foot home built in 2000, featuring five bedrooms (including a second primary suite), two full and two half bathrooms, a great room with a fireplace, and a library or second living area. The home's design maximizes natural light with large floor-to-ceiling windows showcasing pastoral views. Hard surface wood and tile flooring are found throughout. The property includes a beautifully landscaped yard accessed via a gated entry and a long, curving driveway. Outdoor amenities include a saltwater heated pool and hot tub, covered and open patio spaces, and spectacular views. The 33-acre lot offers rolling topography, approximately half of which is wooded with walking trails and a running creek. Additional features include a three-car attached garage, a three-car covered carport, and a 1,200 square-foot workshop. Significant updates have been made since 2017, including a completely remodeled primary bathroom with a standalone tub and large shower, a remodeled island kitchen with some new appliances, and an oversized laundry room with a sink. The property's APN is 838095 and is located at 1807 An County Road 151, Palestine, TX 75801. The asking price is $950,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Palestine
    County
    Anderson
    State
    Texas
    Longitude
    -95.5407299
    Latitude
    31.7588209

    Comparable in this City

    • $250,000
      14.45 Acres

      Cleared Acreage with Mobile Home

      14.45 acres with mobile home near Neches ISD schools.
      13701 N Us Highway 79, Palestine, TX 75801
      View Details
    • $1,825,000
      163.00 Acres

      163-Acre Ranch with Multiple Ponds

      Ranch featuring hay meadows, grassland, ponds, and abundant wildlife.
      3732 Us Highway 84, Palestine, TX 75801
      View Details
    • $845,000
      94.15 Acres

      94 Acres in East Texas

      Versatile land near Palestine, TX, ideal for ranching or recreation.
      1044 Acr 379, Palestine, TX 75801
      View Details
    • $399,000
      38.00 Acres

      38 Acres Near Palestine, TX

      38-acre tract near Elkhart with open space and trees.
      An County Road 153, Palestine, TX 75801
      View Details

    Similar Nearby for Sale

    • $250,000
      14.45 Acres

      Cleared Acreage with Mobile Home

      14.45 acres with mobile home near Neches ISD schools.
      13701 N Us Highway 79, Palestine, TX 75801
      View Details
    • $1,825,000
      163.00 Acres

      163-Acre Ranch with Multiple Ponds

      Ranch featuring hay meadows, grassland, ponds, and abundant wildlife.
      3732 Us Highway 84, Palestine, TX 75801
      View Details
    • $845,000
      94.15 Acres

      94 Acres in East Texas

      Versatile land near Palestine, TX, ideal for ranching or recreation.
      1044 Acr 379, Palestine, TX 75801
      View Details
    • $399,000
      38.00 Acres

      38 Acres Near Palestine, TX

      38-acre tract near Elkhart with open space and trees.
      An County Road 153, Palestine, TX 75801
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Commercial Land For Lease

      1.54 acres of retail-zoned land next to national retailers.
      103 Wesley Dr, Palestine, TX 75801
      View Details
    • $2,246 /Mo
      55,757 SF

      Office Space in Palestine Town

      2,450 SF office space available for lease near Kroger.
      321 E Spring St, Palestine, TX 75801
      View Details
    • Contact for pricing

      Willow Creek Medical Center Offices

      Class A medical offices with easy Loop 256 access.
      300 Willow Creek Pkwy, Palestine, TX 75801
      View Details
    • $2,045 /Mo
      1,363 SF

      Retail Shell Space For Lease

      Retail space available for lease near Loop 256.
      2212 Crockett Rd, Palestine, TX 75801
      View Details
    • Contact for pricing
      3,740 SF

      Updated Office Building with Storage

      Move-in ready office space with ample storage and parking.
      901 N Mallard St, Palestine, TX 75801
      View Details
    • Contact for pricing
      3,060 SF

      Versatile Flex Space on Highway

      3060 SF flex space with high visibility and accessibility.
      5424 W Oak St, Palestine, TX 75801
      View Details
    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.
    1807 An County Road 151
    Palestine, TX 75801
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!