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    1210 S Fm 51 Decatur, TX 76234

    For Lease
    $6,500 /Mo ($4 SF/Yr)

    Retail - Decatur, TX

    Type:Retail
    Lot size:
    0.44 Acres
    Days on Market:
    19
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 1210 S Fm 51

    General Information

    Property type
    Other
    Property subtype
    Retail
    Standard status
    Active
    APN
    200002426
    Parking features
    Parking Lot
    Lot size
    0.44 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1998
    Flooring type
    Other, Tile
    Building materials
    Stone, Stone Veneer
    Roof type
    Metal
    Architectural style
    Other

    Parker Properties (940) 627-9040

    Listing agent Jared Lucier (940) 627-9040 License #0697805

    Listing date Nov 17, 2025

    MLS# 21093200 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 Retail Opportunity on FM 51

    Located on FM 51 South in Decatur, Texas, this property presents a business opportunity on a highly traveled roadway that connects to US Highway 287. The site previously operated as a Circle S gas station and convenience store. The underground tanks have been removed, and the awning is no longer present. Situated in close proximity to anchor stores such as Wal-Mart, Tractor Supply, O'Reilly Auto Parts, and Dollar General, as well as restaurants like Wendy's, Sonic, Burger King, and Cicis, the location benefits from established commercial activity. The property is positioned in the county seat of Wise. The owner is open to leasing the building and lot or considering ground lease options. The lot size is approximately 0.44 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gas stations

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Wise
    State
    Texas
    Longitude
    -97.594517
    Latitude
    33.225592

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    FAQs

    What type of property is this?
    Gas station - Former gas station/convenience store on major Decatur thoroughfare for lease.
    Where is this gas station located?
    The property is located at 1210 S Fm 51 Decatur, TX.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: - Prime business location on FM 51 South, a major thoroughfare in Decatur, TX.; - Close proximity to anchor stores like Wal-Mart and Tractor Supply.; - Near numerous restaurants including Wendy's and Sonic.
    (940) 627-9040
    Request Owner's contact information
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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

    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
    1210 S Fm 51 Decatur, TX 76234
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