Palestine, TX
Commercial Real Estate Market Trends & Data

$173 Avg asking sale price
$4,231 Avg asking lease rate
22,403 SF Avg unit lease size
11,046 SF Avg building size for sale
7.76% Average cap rate

Palestine's Demographic Profile

Palestine has 6,881 households and a median income of $39,972, providing context for rent absorption and tenant demand across retail and multifamily assets. A +1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 18,524
# Households 6,881
Median age 37
Median household income $39,972
Avg household size 3.0
Renter-occupied housing units 2,821
5-year population change +1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Palestine, TX

↻ Updated Monthly

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Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Palestine $89 12,883 SF 8.08%
Jacksonville $52 45,806 SF 5.55%
Nearby Retail Markets Avg Cost/SF Typical Size
Palestine $184 4,839 SF
Montalba $116 11,124 SF
Jacksonville $97 6,525 SF
Rusk $57 5,280 SF
Athens $250 3,070 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Bullard $153 5,359 SF 9.39%
Chandler $86 4,070 SF 12.20%
Flint $142 5,977 SF 12.20%

Commercial Properties For Sale in Palestine

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

5424 W Oak St

Palestine, TX 75801

  • 3,060 SF Industrial Building
  • $250,000
For Sale

Applebee's Palestine

Palestine, TX 75801

  • 4,242 SF Retail Building
  • 8.84% Cap Rate
  • $2,300,000
For Sale

2130 Country Club Rd

Palestine, TX 75803

  • 112 AC Lot
  • 1 Commercial Lot
  • $1,200,000
For Sale

919 Debard St

Palestine, TX 75801

  • 0.41 AC Lot
  • 1 Commercial Lot
  • $60,000
For Sale

5000 S Loop 256

Palestine, TX 75803

  • 2,342 SF Retail Building
  • $850,000
For Sale

TBD Gillespie Rd

Palestine, TX 75801

  • 7 AC Lot
  • 1 Commercial Lot
  • $150,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Palestine pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Palestine $173 11,046 SF
Montalba $116 11,124 SF
Frankston $191 2,587 SF
Tennessee Colony $29 84,000 SF

Regional Demographic Comparison

This comparison places Palestine alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Palestine or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Palestine 18,524 6,881 37 $39,972 3 2,821 1%
Elkhart 1,156 428 40 $49,895 3 173 -2%
Frankston 1,020 434 44 $65,913 2 157 -1%
Tennessee Colony 10,567 1,528 46 $60,323 2 502 5%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Palestine, TX and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Palestine

View All Commercial Real Estate For Sale in Palestine
Is Palestine a good market for a first-time commercial real estate investor?

Palestine offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Palestine?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Palestine. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Palestine?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Palestine. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Palestine compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Palestine. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Palestine acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Palestine, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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