Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Decatur, TX Unimproved Land Title is generated by Realmo AI

    00 County Road 3170_Tract Three, Decatur, TX 76234

    View on Map
    Claim this Listing
    New
    For Sale
    $379,000

    Unimproved Land - Decatur, TX

    Type:Unimproved Land
    Lot size:
    10.15 Acres
    Added:
    May 20, 2026
    Days on Market:
    2
    Last Refresh:
    May 21 at 4:06 pm

    Property Features for 00 County Road 3170_Tract Three

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Exterior features
    Fence
    Fencing
    Fenced
    Standard status
    Active
    APN
    201115291
    Lot size
    10.15 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jay Davidson

    Listing agent Jay Davidson License #0713517

    Listing office Parker Properties Real Estate 103 N State St, Decatur, TX

    Listing date May 20, 2026

    MLS# 21196181 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

    • Prime acreage suitable for development, located just south of Decatur.
    • County requirements for development with 2‑acre spacings are already completed.
    • Tract 3 is 10.15 acres and priced at $379,000.
    • Extensive brush clearing completed, making the property ready for development.
    • Multiple development configurations are possible due to prior work.
    • Located on a total tract of 46.494 acres, also see listings for Tracts 1, 2, and 4.

    Overview

    This is tract three of four, encompassing 10.15 acres, part of a larger 46.494-acre tract located just south of Decatur. The property is suitable for development, and the owner has fulfilled county requirements for development with 2-acre spacings. Two water wells have been drilled and tested, located on tracts #1 and #2; tract 3 does not have a well. Much of the property, which features numerous trees, has been cleared of brush, making it ready for development. The extensive work already completed allows for various development configurations. Other tracts are also available: Tract #1 - 11.61 acres, Tract #2 - 10.15 acres, and Tract #4 - 14.58 acres.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Decatur
    County
    Wise
    State
    Texas
    Longitude
    -97.6329271
    Latitude
    33.1880814

    Nearby Similar for Sale

    • $399,000

      Decatur, TX Office on FM 51

      Home with business potential on 1.49 acres near Decatur.
      4170 S Fm 51, Decatur, TX 76234
      View Details
    • $539,000

      Decatur Historic District Commercial Opportunity

      Historic home in Decatur's downtown district, zoned C1 for commercial.
      510 W Walnut 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
    • $355,000

      Decatur Land with C-2 Zoning

      2.239-acre property with C-2 zoning, metal buildings, and vintage home.
      1210 E Old Chico Road, 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
    • $999,000

      Decatur, TX Hard-Corner Tract

      9+ acres with highway frontage, ideal for development.
      4002 E Highway 380, 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
    • $355,000

      Prime Land Near Highway 287

      2.239 acres zoned C-2, ideal for various business ventures.
      1210 W Old Chico Road, Decatur, TX 76234
      View Details
    • $1,995,000
      4,704 SF

      North Texas Ranch Retreat

      Private 31-acre ranch with stocked lake and spacious log-cabin home.
      189 Nautilus Court, 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
    • $355,000

      Decatur Land Near Golf Club

      Residential land in gated community with golf and airport access.
      Lot 19 Cedar Springs Drive, Decatur, TX 76234
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 10.15 acres of land ready for development near Decatur.
    Where is this residential land & home lot located?
    The property is located at 00 County Road 3170_Tract Three Decatur, TX.
    What is the asking price?
    The asking price for this property is $379,000.
    What are key features of this property?
    This property features: Prime acreage suitable for development, located just south of Decatur.; County requirements for development with 2‑acre spacings are already completed.; Tract 3 is 10.15 acres and priced at $379,000.
    (940) 627-9040
    We can help!
    Listing Contact
    Jay Davidson
    Real Estate License ID: 0713517
    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
    00 County Road 3170_Tract Three, 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!