New Medical Building in
1801 S Trinity Street, Decatur, TX 76234
Office - Decatur, TX
Type:Office
Property size:
5,500 SFLot size:
0.16 AcresPrice / SF:
$252/SF- Added:
- Jan 9, 2026
- Days on Market:
- 127
- Last Refresh:
- May 16 at 12:06 pm
Property Features for 1801 S Trinity Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Property condition
- New Construction
- Parking features
- Driveway, Paved or Surfaced, Unassigned
- Standard status
- Active
- APN
- 749604
- Size
- 5,500 SF
- Lot size
- 0.16 Acres
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 2026
- Flooring type
- Tile, Tile - Ceramic
- Building materials
- Brick, Stone, Stone Veneer
- Roof type
- Fiberglass
- Architectural style
- Other
Listing agent Thomas Fry License #0485498 (214) 679-9006
Listing office Fry Realty 6404 Crooked Lane, Flower Mound, TX (214) 679-9006
Listing date Jan 9, 2026
MLS# 21145832
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.
HighLights
- New 5500 sq ft medical building in high‑growth Decatur, TX area.
- Completion expected July 2026, ready for tenant finish‑out.
- Located near HCA's Medical City hospital facility.
- City investment in infrastructure: new police/fire stations and wastewater system.
- Shell construction only; finish‑out estimated at $125/sq ft.
- Pre‑leasing can begin in March 2026.
Overview
A new 5,500-square-foot medical building is under construction in Decatur, Texas. The building, identified as Building #3 on the site plan, is located in a high-growth area. Construction is scheduled for completion in July 2026, at which point the property will be ready for tenant finish-out. The list price covers the shell construction only, with an estimated finish-out cost of $125 per square foot. The location is near a major hospital facility recently opened by HCA's Medical City, which is 5 minutes away. The City of Decatur has invested in the area, constructing a new police station and a new fire station within one block of the property, with an investment of $45 million in these facilities. The city is also investing $65 million in new wastewater infrastructure to support the area's growth. The 1895 Wise County Courthouse, a restored landmark with a $15 million renovation, is located in the downtown area. Pre-leasing for the new owner is anticipated to begin in March 2026. The lot size is 0.16 acres.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$1.02M
NOI $91,999 @ 9.00% cap · cautious / downside scenario
Moderate
$1.31M
NOI $91,999 @ 7.00% cap · market / base-case scenario
Aggressive
$1.84M
NOI $91,999 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $169.0k | $30.72 |
| − Vacancy | −$46.3k | −$8.42 |
| EGI | $122.7k | $22.30 |
| − OpEx | −$30.7k | −$5.58 |
| NOI | $92.0k | $16.73 |
5,500 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$1.31M
$1.15M – $1.53M
NOI $91,999 @ 7.0% cap · market cap 6.63%
Second Best
Healthcare Medical
$1.24M
$1.08M – $1.45M
NOI $86,772 @ 7.0% cap · market cap 6.25%
Theoretical Best
Hotel Hospitality
$4.14M
$3.62M – $4.83M
NOI $289,988 @ 7.0% cap · market cap 20.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Places Nearby
- Decatur Veterinary Clinic — 2101 S College Ave, Decatur, TX 76234
- Goerdel Kody DVM — 2101 S College Ave, Decatur, TX 76234
- Sirman Bart DVM — 2845 US-287, Decatur, TX 76234
Location Insight
- Map
- Local Demand
- City
- Decatur
- County
- Wise
- State
- Texas
- Longitude
- -97.585626
- Latitude
- 33.220795
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - New medical office building under construction, ready July 2026.
Where is this medical office space located?
The property is located at 1801 S Trinity Street Decatur, TX.
What is the asking price?
The asking price for this property is $1,387,925.
What are key features of this property?
This property features: New 5500 sq ft medical building in high‑growth Decatur, TX area.; Completion expected July 2026, ready for tenant finish‑out.; Located near HCA's Medical City hospital facility.
