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    Property profile & analytics

    7198 Interstate 45 Palmer, TX 75152

    • Commercial real estate
    • 6,491 SF
    • 6.47 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US82-3757782
    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 7198 Interstate 45

    Year built
    2003
    Lot size
    6.47 lot acres
    Property size
    6,491 SF
    Property type
    Commercial real estate
    APN
    65.0003.904.037.00.110
    APU
    65000390403700110

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Palmer
    County
    Ellis
    State
    Texas
    Longitude
    -96.6586
    Latitude
    32.4161
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2018
    $24,173
    $821,290
    $378,710
    $1,200,000
    -
    $821,290
    $378,710
    $1,200,000

    Comparable in this City

    • Value Estimation by Request

      8200 Interstate 45

      Distribution properties
      8200 Interstate 45, Palmer, TX 75152
      View Details
    • Value Estimation by Request
      2,400 SF

      111 Jefferson St

      COMMERCIAL (GENERAL) • 2,400 SF
      111 Jefferson St, Palmer, TX 75152
      View Details
    • Value Estimation
      $390,000
      3,200 SF

      7581 Interstate 45th Service Rd

      COMMERCIAL (GENERAL) • 3,200 SF
      7581 Interstate 45th Service Rd, Palmer, TX 75152-1204
      View Details
    • Value Estimation by Request
      13,700 SF

      8400 Interstate 45th Service Rd

      COMMERCIAL (GENERAL) • 13,700 SF
      8400 Interstate 45th Service Rd, Palmer, TX 75152-1212
      View Details
    • Value Estimation
      $410,000
      5,940 SF

      8045 Interstate 45th Service Rd

      COMMERCIAL (GENERAL) • 5,940 SF
      8045 Interstate 45th Service Rd, Palmer, TX 75152-1207
      View Details
    • Value Estimation
      $450,000
      3,000 SF

      Cooper St

      COMMERCIAL (GENERAL) • 3,000 SF
      Cooper St, Palmer, TX 75152
      View Details

    Similar Nearby for Sale

    • $250,000
      1,875 SF

      Historic Palmer Commercial Building

      Prime Downtown Location, Manufacturing/Office Space
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    • Contact for pricing
      6.55 Acres

      I-45 Commercial Land - Palmer, TX

      High-visibility 6.545-acre commercial lot.
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    • $3,067,400
      153.01 Acres

      153 Acres of Land in Ennis

      Unimproved land with views, suitable for home sites near Dallas.
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    • $3,140,477
      153.19 Acres

      153 Acres of Farmland

      153.2 acres in Palmer, TX, suitable for future development.
      153 Acres Fm 1722, Palmer, TX 75152
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    • $150,000
      1.89 Acres

      Unimproved Land in Palmer, Texas

      1.89 acres of open land perfect for building a home.
      209 Texas Dr, Palmer, TX 75152
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    • $275,000
      4.27 Acres

      Residential Land in Desirable Community

      4.2 acre lot ready for your dream home.
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    7198 Interstate 45
    Palmer, TX 75152
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    Realmo Value Estimation

    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.

    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.

    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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