201 Ragland St, Palestine, TX 75803
This single-story, 5,508-square-foot building, constructed in 2002, sits on a 1.14-acre lot in Palestine, Texas. Previously used as a church, this property offers significant versatility and is zoned for urban residential use, allowing for a range of commercial and residential development opportunities. Potential uses include daycare centers, senior centers, storage facilities, multi-family dwellings, or other residential projects. The ample lot size presents the possibility of creating a community playground. All utilities are readily available. Conveniently located just a few blocks from State Highway 155, north of Loop 256, this property boasts excellent accessibility. The building features 6.72 parking spaces per 1,000 square feet. An adjacent office/warehouse building is also available for sale separately. The asking price is $249,900, with a price per square foot of $46.19. Detailed zoning information and permitted uses are available upon request. This is a unique opportunity to acquire a substantial property with diverse development potential in a desirable location.
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Church of Glad Tidings Association / Organization
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.