Medical Office Building Under
For Sale
$1,531,200
1801 S Trinity St, Decatur, TX 76234
New medical space is being developed for tenant finish-out, with flexibility for multiple occupants.
Property Size5,500 SF
Price / SF$278.40
Days on Market86
Property Features for 1801 S Trinity St
General Information
Standard status
Active
Size
5,500 SF
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Fry Realty
Listed By:
Thomas Fry, Kim Fry
Source:
Minteerteam
Added: Jul 20
Changed: Oct 13
Last Checked: Oct 7 at 5:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fry Realty
Investment Insights
Based on property information with market context.
Building #3 is a 5,500-square-foot medical office property under construction at 1801 S Trinity St in Decatur, Texas. The offering consists of shell construction only, with delivery planned for tenant finish-out. The configuration can accommodate 1–3 tenants, supporting a range of medical office layouts and occupancy plans.
The property is positioned near several recently completed or active public and healthcare projects. HCA’s Medical City hospital facility is approximately 5 minutes away, while new city police and fire stations are within 1 block. Decatur is also advancing wastewater infrastructure to support area growth. Pre-leasing may begin before completion.
The property is positioned near several recently completed or active public and healthcare projects. HCA’s Medical City hospital facility is approximately 5 minutes away, while new city police and fire stations are within 1 block. Decatur is also advancing wastewater infrastructure to support area growth. Pre-leasing may begin before completion.
Key Highlights
- 5,500‑square‑foot medical office building under construction
- Building #3 only, as identified on the attached site plan
- Shell construction offered for tenant finish‑out
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,999
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,839,980
$1.8M
Cap Rate 7%
$1,314,271
$1.3M
Cap Rate 9%
$1,022,211
$1.0M
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$169.0K $30.72/SF
− Vacancy
−$46.3K −$8.42/SF
EGI
$122.7K $22.30/SF
− OpEx
−$30.7K −$5.58/SF
NOI
$92.0K $16.73/SF
Area
Wise County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,839,980
Cap Rate 7%
$1,314,271
Cap Rate 9%
$1,022,211
Alternative Uses
Best Use
Office B
$1.31M
$1.15M – $1.53M
NOI $91,999 @ 7.0% cap · market cap 6.01%
Second Best
Healthcare Medical
$1.24M
$1.08M – $1.45M
NOI $86,772 @ 7.0% cap · market cap 5.67%
Theoretical Best
Hotel Hospitality
$4.14M
$3.62M – $4.83M
NOI $289,988 @ 7.0% cap · market cap 18.94%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
693
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76234, TX
18,755
Population
8,047
Households
2.3
Avg Household Size
40
Median Age
22%
College-Educated
89%
High-School Grad
314.0 sq mi
ZIP Area
60
Density / Sq Mi
$88,083
Median Household Income
$45,137
Median Earnings
$1,358
Median Rent
$304,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - New medical space is being developed for tenant finish-out, with flexibility for multiple occupants.
Where is this medical office space located?
The property is located at 1801 S Trinity St Decatur, TX.
What is the asking price?
The asking price for this property is $1,531,200.
What are key features of this property?
This property features: 5,500‑square‑foot medical office building under construction; Building #3 only, as identified on the attached site plan; Shell construction offered for tenant finish‑out
