Highway 287 Commercial
For Sale
$3,300,000
2522 N Highway 287, Decatur, TX 76234
5.1 acres with three buildings near Highway 287.
Property Size20,000 SF
Lot Size5.10 Acres
Days on Market268
Property Features for 2522 N Highway 287
General Information
Standard status
Active
Size
20,000 SF
Lot size
5.10 Acres
Property subtype
Commercial
Building Details
Building Size
20,000 SF
Year Built
2006
Stories
1
Units
3
Listing Agency:
Major League Realty, Inc.
(940) 648-0382
Listed By:
Cathy Green · License #0542948
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 9
Last Checked: Aug 22 at 10:27AM
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 Major League Realty, Inc.
Investment Insights
Based on property information with market context.
This commercial property is situated on 5.1 acres in a designated Opportunity Zone. It features three 10,000 sq. ft. buildings, offering flexibility for a variety of industrial, commercial, or investment uses. Two of the buildings include 3-phase power, making them suitable for manufacturing or heavy equipment operations. Buildings 1 and 2 were designed to be divided into two 5,000 sq. ft. units, each with two restrooms per side, totaling four restrooms per building. Currently, both are set up as wide-open spaces. Building 1 includes an open bay and one finished office. Additional features include a helipad and ample acreage for parking or future expansion. The property has visibility and access from HWY 287, and presents potential for business growth or investment in a developing area.
Key Highlights
- Located in a designated Opportunity Zone, offering potential tax benefits.
- Excellent visibility and access from HWY 287, ensuring high traffic exposure.**
- Three 10,000 sq. ft. buildings provide flexibility.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$129,163
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,583,260
$2.6M
Cap Rate 7%
$1,845,186
$1.8M
Cap Rate 9%
$1,435,144
$1.4M
Market Conditions
NOI Build-Up for 20,000 SF
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.
Gross rent
$160.8K $8.04/SF
− Vacancy
−$8.8K −$0.44/SF
EGI
$152.0K $7.60/SF
− OpEx
−$22.8K −$1.14/SF
NOI
$129.2K $6.46/SF
Area
Wise County, TX
Vacancy
5.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,583,260
Cap Rate 7%
$1,845,186
Cap Rate 9%
$1,435,144
Alternative Uses
Best Use
Warehouse
$1.85M
$1.61M – $2.15M
NOI $129,163 @ 7.0% cap · market cap 3.91%
Second Best
Industrial
$1.52M
$1.33M – $1.77M
NOI $106,369 @ 7.0% cap · market cap 3.22%
Theoretical Best
Hotel Hospitality
$15.06M
$13.18M – $17.58M
NOI $1,054,500 @ 7.0% cap · market cap 31.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
116
Businesses Nearby
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - 5.1 acres with three buildings near Highway 287.
Where is this manufacturing property located?
The property is located at 2522 N Highway 287 Decatur, TX.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Located in a designated Opportunity Zone, offering potential tax benefits.; Excellent visibility and access from HWY 287, ensuring high traffic exposure.**; Three 10,000 sq. ft. buildings provide flexibility.
