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    Flex Space Suite with Office Title is generated by Realmo AI

    220 W Side Drive, Decatur, TX 76234

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    Claim this Listing
    For Lease
    $1,450/Mo $14 SF/Yr (calc)

    COMMERCIAL - Decatur, TX

    Type:Office
    Property size:
    1,200 SF
    Lot size:
    4.45 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    72
    Last Refresh:
    Jun 3 at 1:06 am

    Property Features for 220 W Side Drive

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Parking features
    Guest, Alley, Parking Lot
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    A0537000600
    Lot size
    4.45 Acres

    Taxes and HOA fees

    Tax Description
    A-537 D MOSES 4.4475 ACRES

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Year built
    2023
    Floors in Building
    1
    Number of units
    26
    Flooring type
    Concrete
    Building materials
    MetalSiding, Rock, Stone
    Roof type
    Metal

    We can help!

    Listing Contact
    Meagan Fuller
    Meagan Fuller

    Listing agent Meagan Fuller License #0725108

    Listing office Parker Properties Real Estate Decatur, TX

    Listing date Mar 24, 2026

    MLS# 21208050

    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

    • 2023‑built 1,200 SF commercial suite in a high‑visibility business park just off Business 380
    • Finished office with a private restroom plus an open warehouse space
    • HVAC throughout with central heating and central air
    • Concrete parking with parking lot, alley, and guest parking
    • Accessible approach with ramp; metal roof and concrete flooring
    • Water provided by well and served by a septic tank

    Overview

    This flex space suite offers approximately 1,200 square feet within a high-visibility business park. The layout includes a finished office, a private restroom, and an open warehouse area designed for practical day-to-day use. HVAC is available throughout, and the unit is supported by concrete parking, helping keep operations efficient and customer- and employee-friendly. A second 1,200-square-foot option may also be available for qualified needs, subject to details.

    The property is located just off Business 380 in Decatur, Texas, positioned within a commercially oriented setting. The business park environment supports a mix of service-oriented uses, and the suite’s access is described as easy.

    With an office component and an open warehouse portion served by HVAC, this space is well suited for small contractors, professional services, or other businesses that need a clean, professional front area alongside functional operational storage or workspace. The concrete parking and straightforward configuration make it a strong fit for tenants looking to move in and operate without complex buildout requirements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Decatur
    County
    Wise
    State
    Texas
    Longitude
    -97.610135
    Latitude
    33.229277

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    FAQs

    What type of property is this?
    Flex space - High-visibility flex suite with a finished office, private restroom, and HVAC-connected warehouse space for contractors and service businesses.
    Where is this flex space located?
    The property is located at 220 W Side Drive Decatur, TX.
    What is the lease rate?
    The lease rate is $1,450 /Mo.
    What are key features of this property?
    This property features: 2023‑built 1,200 SF commercial suite in a high‑visibility business park just off Business 380; Finished office with a private restroom plus an open warehouse space; HVAC throughout with central heating and central air
    (940) 627-9040
    We can help!
    Listing Contact
    Meagan Fuller
    Meagan Fuller
    Real Estate License ID: 0725108
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    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.

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