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$105,000

502 N Perry St, Palestine, TX, 75801

$136,500 ARVInfo
On MarketInfo
CommercialInfo
Baths2,130 Sq Ft
BusinessBusiness
Year BuiltBuilt in 1900

Highlights

Interior

FlooringConcrete

Exterior

Lot Size7,597 sqft

Building Information

Year Built1900

Land Information

APN33884
Lot Number9
SubdivisionOriginal
Land UseCommercial
Legal DescriptionORIGINAL BLOCK 12 LOT 8A & 9
Census Tract950700
Assessed Land Value$20,897
Assessed Improvement Value$21,708
Assessment Year2025

About this property

Step into a piece of history with this early 1900s commercial building, perfectly positioned on the courthouse square. With its classic brick façade, large display windows, and timeless architectural details, this property offers a unique blend of vintage character and modern opportunity. Spanning approximately 4160 sq ft, this spacious building features an open floor plan, high ceilings, with large beautiful wood beams—a solid foundation for a variety of business ventures. Whether you're looking to develop retail space, offices, a restaurant, gallery, or mixed-use concept, the layout offers exceptional flexibility. Call today for your appointment.

Investor Tools

Property Icon
$42,605
Estimated Property Value
$40,000Estimated Mortgage Balance
$9,112Estimated Equity
6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$136,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$630 /month
Positive
Cash Flow Estimate:
$210 /month

Interested in this property?

Mendi Chambers

Landmark Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$96/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$933
$42,605
2025
$20,897
$21,708
$42,605
No

Tax History

Year
Tax Paid
Assessed Value
2025
$933
$42,605

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Austin Bank Texas Na
Unknown
$40,000
No
First
May 4, 2018
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$33,493
$9,112
21%
79%
$240/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Palestine

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502 N Perry St | Property Details | No Agent List