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    1214 N Business 287 Decatur, TX 76234

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    For Sale
    $600,000

    Commercial property with multiple buildings suitable for various business ventures.

    Lot size:
    1.92 Acres

    Property Features for 1214 N Business 287

    General Information

    Lot size
    1.92 Acres

    Building Details

    Year built
    1935

    Source: Tomie Fox Real Estate Group Agent Tomie Fox

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Decatur Commercial Property on 1.924 Acres

    Located off Business 287 in Decatur, Texas, this commercial property offers an expansive 1.924-acre lot. The property includes a combined building square footage of 6,015, making it suitable for a variety of business ventures. The main building features a spacious conference center, eight versatile classrooms or offices, four bathrooms, and a fully equipped kitchen. A two-bedroom, one-bath house is present, which can serve as additional office space or residential quarters. Additionally, the property boasts a large metal garage workshop with electricity, suitable for storage or industrial use. The grounds are landscaped with large trees, providing ample open green space. Paved parking is available. This property is suitable for multi use, including offices, a daycare, school, church, or other business enterprises. It benefits from excellent road frontage.
    Location Intelligence

    Current Use by Public Records

    Schools

    Map

    City
    Decatur
    County
    Wise
    State
    Texas
    Longitude
    -97.5246
    Latitude
    33.2699

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    FAQs

    What type of property is this?
    School - Commercial property with multiple buildings suitable for various business ventures.
    Where is this school located?
    The property is located at 1214 N Business 287 Decatur, TX.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: - Prime location off Business 287 in Decatur, Texas, with excellent road frontage.; - Expansive 1.924-acre lot with a combined building square footage of 6,015.; - Main building includes a spacious conference center, eight versatile classrooms/offices, four bathrooms, and a fully equipped kitchen.
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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
    1214 N Business 287 Decatur, TX 76234
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