Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    4170 S Fm 51 Decatur, TX 76234

    View on Map
    Claim this Listing
    For Sale
    $399,000

    Office - Decatur, TX

    Type:Office
    Lot size:
    1.49 Acres
    Added:
    Mar 22, 2026
    Days on Market:
    45
    Last Refresh:
    May 5 at 7:06 pm

    Property Features for 4170 S Fm 51

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Parking features
    Garage
    Standard status
    Active
    APN
    740415
    Lot size
    1.49 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1980
    Flooring type
    Laminate, Tile, Vinyl
    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Heather Baker

    Listing agent Heather Baker License #0736337

    Listing office Earthport Properties Realty, LLC 604B W Main St, Decatur, TX

    Listing date Mar 22, 2026

    MLS# 21207689 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.

    Overview

    Decatur, TX Office on FM 51

    Located on FM 51, just outside Decatur city limits, this property offers potential for various business uses. Previously used as a residence, it can be converted into a business or home business. The property includes a 3-bedroom, 2-bath home situated on 1.49 acres with high visibility. The interior features fresh paint, new flooring, and updated kitchen countertops. The spacious living room includes a fireplace and wood ceiling beams. This property offers the opportunity to live and work in one location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wise Foundation Ministry Charitable Organization

    Suggested Use

    Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Storage Facility Electrical Service Furniture & Home Goods Veterinary Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Wise
    State
    Texas
    Longitude
    -97.618881
    Latitude
    33.183469

    Nearby Similar for Sale

    • $549,000

      Decatur Commercial Property For Sale

      Commercial property in growing Decatur, TX, with city services.
      1800 S Trinity Street, Decatur, TX 76234
      View Details
    • $998,000
      3,177 SF

      Texas Ranch with Equestrian Features

      7.89-acre Decatur ranch featuring a pool, barn, and workshop.
      842 County Road 4371, Decatur, TX 76234
      View Details
    • $799,500
      2,042 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
    • $6,450,000
      8,200 SF

      Decatur Estate: Pinnacle of Privacy

      Luxury estate with multiple residences, aviation amenities, and recreational facilities.
      124 Private Road 2381 Road, Decatur, TX 76234
      View Details
    • $1,200,000

      Decatur Commercial Building on 8 Acres

      Spacious commercial building on 8 acres in Decatur, Texas.
      3483 S Fm 51, Decatur, TX 76234
      View Details
    • $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
    • $349,900
      1,800 SF

      Turnkey RV Park Investment

      Income-generating RV park with expansion potential in Decatur, Texas.
      13257 W FM 455, Decatur, TX 76234
      View Details
    • $1,995,000
      4,704 SF

      North Texas Ranch Retreat

      Private 31-acre ranch with stocked lake and versatile barn.
      189 Nautilus Court, Decatur, TX 76234
      View Details
    • $1,387,925

      New Medical Building in Decatur

      New medical office building under construction, ready July 2026.
      1801 S Trinity Street, Decatur, TX 76234
      View Details
    • $1,500,000
      5,168 SF

      Decatur Equestrian Property with Barn

      Equestrian property on 13 acres with extensive horse facilities.
      127 County Rd 3051, Decatur, TX 76234
      View Details
    • $569,000

      Decatur, TX Ranch Retreat

      10-acre country retreat near Decatur, TX, build your dream home.
      9725 Atcheson Road, Decatur, TX 76234
      View Details
    • $750,000

      Decatur Land with Religious Use

      2.414 acres in Decatur, Texas, currently a church.
      1214 N Bus 287 Highway, Decatur, TX 76234
      View Details

    FAQs

    What type of property is this?
    Live-work space - Home with business potential on 1.49 acres near Decatur.
    Where is this live-work space located?
    The property is located at 4170 S Fm 51 Decatur, TX.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Prime location on FM 51 with high visibility, ideal for business or home business.; 1.49 acres of land just outside Decatur city limits.; 3‑bedroom, 2‑bath home suitable for residential or commercial use.
    (817) 829-2356
    We can help!
    Listing Contact
    Heather Baker
    Real Estate License ID: 0736337
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    4170 S Fm 51, Decatur, TX 76234
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!