Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    135 Flatwood Rd Decatur, TX 76234

    Sponsored
    For Sale
    $239,900

    Unimproved Land - Decatur, TX

    Type:Unimproved Land
    Lot size:
    10.01 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 11 at 8:06 am

    Property Features for 135 Flatwood Rd

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    201102151
    Lot size
    10.01 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Erin Murphy

    Parker Properties (940) 627-9040

    Listing agent Erin Murphy (940) 627-9040 License #0699504

    Listing date Feb 10, 2026

    MLS# 21176542 Listing URL

    Copyright © 2026 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.

    Learn more

    Property Insight Report

    Overview

    Decatur, TX Land Tract

    These 10+ acre tracts are located on a new county road, approximately 45 minutes from DFW. The land offers views, mature foliage, and potential build locations. The property is AG Exempt, making it suitable for agricultural use, multi-generational living, hunting, or residential purposes. Minimal restrictions apply. The property is located in a flourishing area with schools. Lot lines are cleared. Lot 2 includes a new water well. The property is located in Decatur, TX.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land

    Map

    City
    Decatur
    County
    Wise
    State
    Texas
    Longitude
    -97.62619507
    Latitude
    33.13068207

    Nearby Similar for Sale

    • $1,300,000
      4,906 SF

      Decatur Farm/Ranch with Roping Arena

      10-acre Decatur property featuring a custom home, pool, and workshop.
      145 County Road 2327, Decatur, TX 76234
      View Details
    • $600,000
      2,330 SF

      Decatur Farmhouse on Unrestricted Acres

      Spacious 4-bedroom home on 4 unrestricted acres near Decatur, TX.
      1910 Fm 2264, Decatur, TX 76234
      View Details
    • $1,750,000
      1,541 SF

      58-Acre Ranch with Two Homes

      Ranch featuring two homes, creek frontage, and fenced pastures.
      309 N Fm 730, Decatur, TX 76234
      View Details
    • $1,750,000
      58.00 Acres

      58-Acre Ranch with Two Homes

      Ranch property featuring two homes and creek frontage near Decatur, TX.
      309 N Fm 730, Decatur, TX 76234
      View Details
    • New
      $2,162,421
      4,704 SF

      North Texas Ranch Retreat

      Private ranch on 31 acres with stocked lake.
      189 Nautilus Ct, Decatur, TX 76234
      View Details
    • $1,295,000
      2,610 SF

      Decatur Farm/Ranch with Modern Amenities

      Private country oasis near Decatur with ponds and modern features.
      207 County Road 4181, Decatur, TX 76234
      View Details
    • $775,000
      1,126 SF

      Decatur Farm/Ranch on 20 Acres

      Charming 3-bedroom home on 20 acres in Decatur, TX.
      2454 Tbd Pr, Decatur, TX 76234
      View Details
    • $400,000
      1.49 Acres

      Decatur Office/Residential Opportunity on FM 51

      1.49 acre property suitable for business or residential use.
      4170 S Farm To Market 51, Decatur, TX 76234
      View Details
    • New
      $849,500
      2,502 SF

      Decatur Country Estate with Equestrian Amenities

      Restored country home on 8.48 acres with equestrian facilities.
      293 County Road 1111, Decatur, TX 76234
      View Details
    • $1,800,000
      5,168 SF

      Equestrian Ranch with Indoor Arena

      Decatur, TX equestrian property with extensive horse facilities and living quarters.
      127 County Road 3051, Decatur, TX 76234
      View Details
    • $1,750,000
      2.18 Acres

      Income-Producing Retail on US 380

      Commercial land with income, highway frontage, and development potential.
      2820 Us Highway 380, Decatur, TX 76234
      View Details
    • New
      $825,000
      1,320 SF

      Decatur RV Park with Home

      Profitable RV park with single-family home and seller financing.
      817 Fm 1810, Decatur, TX 76234
      View Details

    FAQs

    What type of property is this?
    Agricultural land - 10+ acre tract near DFW with mature foliage.
    Where is this agricultural land located?
    The property is located at 135 Flatwood Rd Decatur, TX.
    What is the asking price?
    The asking price for this property is $239,900.
    What are key features of this property?
    This property features: - 10+ acre tracts, a rare find in a subdivision.; - New water well already drilled and ready for use (Lot 2).; - AG Exempt property.
    (940) 627-9040
    Request Owner's contact information
    135 Flatwood Rd Decatur, TX 76234
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    135 Flatwood Rd
    Decatur, TX 76234
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    135 Flatwood Rd Decatur, TX 76234
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Erin Murphy
    Real Estate License ID: 0699504
    (940) 627-9040
    Learn more
    Google sign-in failed. Please try again or use another login method.