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    1202 W Thompson St Decatur, TX 76234

    For Sale
    $3,200,000

    Unimproved Land - Decatur, TX

    Type:Unimproved Land
    Lot size:
    16.65 Acres
    Days on Market:
    133
    Last Refresh:
    Dec 10 at 10:06 am

    Property Features for 1202 W Thompson St

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    796329
    Lot size
    16.65 Acres

    Building Details

    Architectural style
    Other

    Fort Worth Re LTD (817) 920-7700 [email protected]

    Listing agent Kristen Holle (817) 920-7700 License #0716804

    Listing date Jul 31, 2025

    MLS# 21018795 Listing URL

    Copyright © 2025 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Decatur TX Multifamily Development Opportunity

    This \u00b116.65-acre tract is located at the northeast corner of W. Thompson Street & S. Deer Park Road in Decatur, TX. The site is positioned directly across from McCarroll Middle School and adjacent to the Crestview Place Apartments. The location benefits from surrounding demand drivers and connectivity. Multifamily market fundamentals in the area are robust, with nearby properties such as Trophy Ridge operating at 100% occupancy and maintaining waitlists. The site is ideal for multifamily or mixed-use development. Access is available from both W. Thompson St. and S. Deer Park Rd. Nearby are retail, dining, and service amenities located along SH 287. It is also minutes from Wise Regional Health System. A site plan and proposed development layout are included with the sale. This site presents an opportunity to capitalize on rental demand in a high-growth corridor with proven absorption and stabilized assets nearby.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Wise
    State
    Texas
    Longitude
    -97.601705
    Latitude
    33.222735

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    FAQs

    What type of property is this?
    Residential land & home lot - 16.65-acre tract ideal for multifamily or mixed-use development.
    Where is this residential land & home lot located?
    The property is located at 1202 W Thompson St Decatur, TX.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: - Prime location for multifamily development in Decatur, TX.; - High demand for housing demonstrated by 100% occupancy and waitlists at nearby Trophy Ridge Apartments.; - Strategically located across from McCarroll Middle School and adjacent to Crestview Place Apartments.
    (817) 920-7700
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    Decatur, TX 76234
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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

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    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
    1202 W Thompson St Decatur, TX 76234
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