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New Medical Office Building Shell

1801 S Trinity Street Decatur, TX 76234

Claim this Listing
For Sale
$1,323,000

SINGLE_FAMILY - Decatur, TX

Type:Office
Property size:
5,500 SF
Lot size:
0.16 Acres
Price / SF:
$240.55/SF
Added:
Jul 7, 2026
Days on Market:
8
Last Refresh:
Jul 14 at 8:06 am

Property Features for 1801 S Trinity Street

General Information

Property type
Residential
Property subtype
Office
Property condition
Under Construction
Parking features
Driveway, Assigned
Accessibility
Accessible Approach with Ramp
Standard status
Active
APN
749604
Lot size
0.16 Acres

Taxes and HOA fees

Tax Description
LT: 1R BLK: 1 SOUTH DECATUR BUSINESS PARK 5.8
Tax Annual Amount
24226

Utilities

Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air

Building Details

Year built
2026
Floors in Building
1
Number of units
1
Flooring type
Tile
Building materials
Brick, StoneVeneer
Roof type
Fiberglass

Listing agent Thomas Fry License #0485498

Listing office Fry Realty Flower Mound, TX

Listing date Jul 7, 2026

MLS# 21145832

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.


Investment Insights

Based on property information with market context.

A new medical office building totaling 5,500 square feet is currently under construction as Building #3 per the attached site plan. The listing is for shell construction only, with tenant finish-out targeted for completion in October 2026. The building is anticipated to support between one and three tenants, with the space delivered ready for occupant-specific improvements.

The property is located at 1801 S Trinity Street in Decatur, Wise County, Texas. The area is described as high growth in the marketing materials, and the remarks note nearby City of Decatur investment, including a new police station and new fire station within one block. A major hospital facility associated with HCA’s Medical City is noted as recently opened about five minutes away, and the 1895 Wise County Courthouse is identified as the downtown anchor.

For medical and office users seeking control over interior build-out, this shell delivery provides a defined start point ahead of scheduled finish-out timing. As pre-leasing for the new owner could begin now, the property may also suit investors or sponsors planning to reposition the shell for a single specialty operator or a multi-tenant medical configuration.

Key Highlights

  • New medical building (Building #3 only) under construction, 5,500 SF, shell construction only
  • Estimated completion for shell in Sep or Oct 2026; ready for tenant finish‑out in October 2026
  • Estimated tenant finish‑out cost: $125 per SF (estimate provided)

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 (±1% cap)
NOI $91,999 @ 7.0% cap · market cap 6.95%
Second Best
Healthcare Medical
$1.24M
$1.08M – $1.45M (±1% cap)
NOI $86,772 @ 7.0% cap · market cap 6.56%
Theoretical Best
Hotel Hospitality
$4.14M
$3.62M – $4.83M (±1% cap)
NOI $289,988 @ 7.0% cap · market cap 21.92%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Medical Office Space

Suggested Use

HVAC Service Parking Lot & Garage Big Box & Wholesale Store Kitchen & Bath Showroom Garden Center Building Supply Plumbing Service Carpet & Flooring Store (Bike/Boat/Book/etc) Store Furniture & Home Goods

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

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 - Under-construction medical office shell planned for tenant finish-out, designed to support up to three occupants.
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 $1,323,000.
What are key features of this property?
This property features: New medical building (Building #3 only) under construction, 5,500 SF, shell construction only; Estimated completion for shell in Sep or Oct 2026; ready for tenant finish‑out in October 2026; Estimated tenant finish‑out cost: $125 per SF (estimate provided)
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