Medical Office Building Under
1801 S Trinity Street Decatur, TX 76234
1801 S Trinity Street, Decatur, TX, 76234
$1,387,925
For Sale
$1,387,925
New shell medical building #3 is under construction with completion expected in July 2026 for tenant finish-out.
Property Size5,500 SF
Price / SF$252.35
Days on Market91
Property Features for 1801 S Trinity Street
General Information
- Standard status
- Active
- Size
- 5,500 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2026
Listing agency
Fry Realty
(214) 679-9006
Listed by
Thomas Fry · License #0485498
Source
Signaturere
Added: Apr 22 Updated: Jul 20 at 6:14PM Checked: Jul 20 at 6:14PM
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.
This new medical office building (BUILDING #3 only, per attached site plan) is currently under construction and totals 5,500 square feet. The property is being delivered as shell construction, with the schedule set for completion and readiness for tenant finish-out in July 2026.
Located in a high-growth area of Decatur, Texas, the site benefits from recent nearby public and healthcare investment. A major hospital facility by HCA’s Medical City has opened about five minutes away, and the City of Decatur has built new police and fire stations within one block. The City has also invested $65 million in new wastewater infrastructure to support area growth.
Pre-leasing for the new owner may begin in March 2026.
Located in a high-growth area of Decatur, Texas, the site benefits from recent nearby public and healthcare investment. A major hospital facility by HCA’s Medical City has opened about five minutes away, and the City of Decatur has built new police and fire stations within one block. The City has also invested $65 million in new wastewater infrastructure to support area growth.
Pre-leasing for the new owner may begin in March 2026.
Key Highlights
- New medical building shell, 5,500 SF (Building #3 only per attached site plan), under construction in Decatur, TX.
- Estimated completion for tenant finish‑out: July 2026; tenant finish‑out estimated at $125/SF.
- Pre‑leasing for the new owner could begin in March 2026.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| 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 Uses
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 Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
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Similar Off Market 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
FAQs
What type of property is this?
Medical Office Space - New shell medical building #3 is under construction with completion expected in July 2026 for tenant finish-out.
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 medical building shell, 5,500 SF (Building #3 only per attached site plan), under construction in Decatur, TX.; Estimated completion for tenant finish‑out: July 2026; tenant finish‑out estimated at $125/SF.; Pre‑leasing for the new owner could begin in March 2026.
