Last 24 Hours
$470,000
133 E REAGAN, Palestine, TX, 75803
On Market
Just Added
Commercial
6 Beds
— Bath
2,412 Sq FtHighlights
Interior
Bedrooms 6
Bathrooms —Exterior
Lot Size28,310 sqft
Building Information
Year Built2010
Land Information
APN32089
Lot Number35B
SubdivisionLarkin & Campbell
Land UseCommercial
Legal DescriptionLARKIN & CAMPBELL BLOCK 35 LOT 35B
Census Tract950700
Assessed Land Value$58,390
Assessed Improvement Value$220,853
Assessment Year2025
About this property
**For Sale: Versatile Commercial/Residential Double Lot in Palestine, Texas** This property currently has a 10 year lease with the State with a 2% flat increase rate per year. Please contact your preferred agent to discuss CAP Rate. Discover a unique opportunity to own a double lot property strategically located just two blocks from the historic district of Palestine, Texas. **Key Features:** **Zoning:** Commercial/Residential - **Size:** 0.6499 ACRES **Offices** 6 **Break Room** **Don’t miss out on this rare opportunity!** **Solar Panels are paid in full** Contact your preferred Realtor to schedule a showing. ( 72 HOURS NOTICE REQUIRED FOR ALL SHOWINGS )
Investor Tools
$0Estimated Mortgage Balance
$279,243Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,820 /month
Positive
Cash Flow Estimate:
$940 /month
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ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$626/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,118
$279,243
2025
$58,390
$220,853
$279,243
No
Tax History
Year
Tax Paid
Assessed Value
2025
$6,118
$279,243
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$279,243
100%
0%
$0/mo
12.4%