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

    4008 Oak St Palestine, TX 75801

    • Commercial real estate
    • 5.26 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5749026
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 4008 Oak St

    Lot size
    5.26 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 5.26-acre commercial land parcel presents a unique development opportunity in Palestine, Texas. Located at 4008 W Oak St, the property boasts an impressive 370 feet of frontage along US Highway 79, offering excellent visibility and accessibility. Situated just 1.5 miles southwest of Loop 256, this strategically located lot is within city limits and benefits from readily available utilities. The zoning is designated as Commercial, allowing for a wide range of development possibilities. The expansive 229,082 square foot lot is ready for immediate development, catering to the needs of a single tenant. The property's location is surrounded by numerous retail and service businesses, indicating a thriving commercial environment. The landlord is open to leasing the land and tailoring the development to meet the specific requirements of the tenant. This presents a rare chance to acquire a significant commercial land holding in a growing Texas market. The APN is 14130. This property is ideal for businesses seeking high visibility and convenient access to major transportation routes.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Palestine
    County
    Anderson
    State
    Texas
    Longitude
    -95.6717514
    Latitude
    31.7328051

    Comparable in this City

    • $1.50 SF/Yr
      67,598 SF

      Prime Palestine Commercial Land

      High-traffic location, 1.54 acres.
      103 Wesley Dr, Palestine, TX 75801
      View Details
    • $450 /Mo
      13,242 SF

      Commercial Lot For Lease

      Vacant commercial lot for lease in Palestine, Texas.
      217 W Palestine Ave, Palestine, TX 75801
      View Details
    • Contact for pricing
      45,923 SF

      Palestine Shopping Center: Retail Opportunity

      High-visibility retail space in Palestine, TX.
      330 Spring St, Palestine, TX 75801
      View Details
    • $5,492 /Mo
      34,412 SF

      Premium Office Building For Lease

      Modern office building with high visibility and flexible workspace.
      324 E Palestine Ave, Palestine, TX 75801
      View Details
    • $12 SF/Yr
      14,925 SF

      Palestine Office Space Available

      Prime Downtown Office Suites, 1,225-2,450 SF
      321 Spring St, Palestine, TX 75801
      View Details
    • Contact for pricing
      40,000 SF

      Willow Creek Medical Office Suites

      Class A Medical Office Space in Palestine, TX
      300 Willow Creek Pkwy, Palestine, TX 75801
      View Details

    Similar Nearby for Sale

    • $110,000
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      Palestine, TX Unimproved Land

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    • $199,000
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      24 Acres with Private Lake

      24 acres with a private lake and one-bedroom cabin.
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    • $427,200
      53.40 Acres

      53 Acres on Loop

      53 acres of land suitable for commercial or residential development.
      5030 Salt Works Rd, Palestine, TX 75801
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    • Contact for pricing
      3.00 Acres

      Wooded 3-Acre Residential Tract

      3-acre wooded tract perfect for a rural residential retreat.
      1163 An County Road 142, Palestine, TX 75801
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    • $249,000

      Commercial Tract at Highway Intersection

      2+ acre commercial land at a busy intersection.
      409 E Palestine Ave, Palestine, TX 75801
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    • $300,000

      Land For Sale

      Land available for sale.
      Medical Dr, Palestine, TX 75801
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    Similar Nearby for Lease

    • $1.50 SF/Yr
      67,598 SF

      Prime Palestine Commercial Land

      High-traffic location, 1.54 acres.
      103 Wesley Dr, Palestine, TX 75801
      View Details
    • $450 /Mo
      13,242 SF

      Commercial Lot For Lease

      Vacant commercial lot for lease in Palestine, Texas.
      217 W Palestine Ave, Palestine, TX 75801
      View Details
    • Contact for pricing
      40,000 SF

      Willow Creek Medical Office Suites

      Class A Medical Office Space in Palestine, TX
      300 Willow Creek Pkwy, 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
      45,923 SF

      Palestine Shopping Center: Retail Opportunity

      High-visibility retail space in Palestine, TX.
      330 Spring St, Palestine, TX 75801
      View Details
    • $5,492 /Mo
      34,412 SF

      Premium Office Building For Lease

      Modern office building with high visibility and flexible workspace.
      324 E Palestine Ave, Palestine, TX 75801
      View Details
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    4008 Oak St
    Palestine, TX 75801
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    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
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