Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3691 S FM 51 Decatur, TX 76234

    View on Map
    Claim this Listing
    For Lease
    $2,000 /Mo

    Office - Decatur, TX

    Type:Office
    Lot size:
    2.00 Acres
    Added:
    Feb 23, 2026
    Days on Market:
    65
    Last Refresh:
    Apr 29 at 1:06 am

    Property Features for 3691 S FM 51

    General Information

    Property type
    Other
    Property subtype
    Office
    Property condition
    New Construction
    Parking features
    Driveway, Garage, Oversized, Parking Lot, Secured
    Standard status
    Active
    APN
    TBD Taylor RE
    Lot size
    2.00 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    2026
    Flooring type
    Concrete
    Building materials
    Metal Siding, Stone
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Travis Taylor

    Listing agent Travis Taylor License #0667196

    Listing office Compass RE Texas, LLC 5049 Edwards Ranch Rd, Ste.200, Dallas, TX

    Listing date Feb 23, 2026

    MLS# 21145673 Listing URL

    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.

    Overview

    Decatur Commercial Strip Center For Lease

    This commercial strip center in Decatur, Texas, features 9 units available for lease. Each unit offers 1,600 square feet of space. The property includes high-end office space with a storefront and a shop warehouse in the back, accessible via a roll-up door. Front and rear parking is available. The property benefits from high visibility road frontage on South FM 51, a busy highway in Decatur.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Crossroads Tanks Factory

    Suggested Use

    Real Estate Agency Auto Repair Shop Hair Salon Auto Parts Store Storage Facility Electrical Service Furniture & Home Goods Daycare Center Clothing & Fashion Store Bakery

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

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Wise
    State
    Texas
    Longitude
    -97.6114716
    Latitude
    33.1914495

    Nearby Similar for Lease

    • $8,947/Mo

      Decatur Medical Office For Lease

      Medical office space available near Medical City Decatur.
      2014 Ben Merritt Drive, Decatur, TX 76234
      View Details
    • $6,500/Mo

      Decatur Retail Opportunity on FM 51

      Former gas station and convenience store available for lease.
      1210 S Fm 51, Decatur, TX 76234
      View Details
    • $3,149/Mo

      Decatur Office Space For Lease

      New commercial office space in Decatur, ready for build out.
      900 W Thompson Street, Decatur, TX 76234
      View Details
    • $2,375/Mo

      High-Visibility Business Park Office Space

      Adaptable commercial space in high-traffic area, ideal for diverse businesses.
      220 West Side Drive, Decatur, TX 76234
      View Details
    • $1,450/Mo

      Decatur Office and Warehouse Suite

      High-visibility flex space with office and warehouse components for lease.
      220 West Side Drive, Decatur, TX 76234
      View Details
    • $1,875/Mo

      Highway 380 Development in Decatur

      New industrial, warehouse, retail, and medical spaces for lease.
      143 Mercy Land BUS 380, Decatur, TX 76234
      View Details
    • $1,800/Mo

      Decatur Warehouse with Office Space

      Commercial space with easy highway access and office build-out.
      108 PR 4213, Decatur, TX 76234
      View Details
    • $9,125/Mo

      office-properties

      2141 Highway 287 N, Decatur, TX 76234
      View Details
    • $1,500/Mo

      Highway 380 Retail Development

      New development on Highway 380 in Wise County, TX.
      139 Royal Circle BUS 380, Decatur, TX 76234
      View Details
    • $5,900/Mo

      Decatur Commercial Space For Lease

      Commercial lease space with office and shop areas in Decatur.
      501 S Business 287, Decatur, TX 76234
      View Details
    • $2,250/Mo

      Highway 380 Business Park Suites

      Industrial/office suites in Decatur, TX, with highway visibility.
      4338 Us-380, Decatur, TX 76234
      View Details
    • $2,250/Mo

      Decatur Business Park Flex Space

      Industrial and office spaces available in Decatur business park.
      4338 Us Highway 380, Decatur, TX, 76234-4705
      View Details

    FAQs

    What type of property is this?
    Strip mall - Commercial strip center with high visibility road frontage in Decatur, TX.
    Where is this strip mall located?
    The property is located at 3691 S FM 51 Decatur, TX.
    What is the lease rate?
    The lease rate is $2,000 /Mo.
    What are key features of this property?
    This property features: High visibility location on the busiest highway (S FM 51) in rapidly growing Decatur, Texas.; Nine individual units, each 1600 SF, providing flexible leasing options.; Each unit features a high‑end office storefront with a shop warehouse in the back.
    (214) 814-8100
    We can help!
    Listing Contact
    Travis Taylor
    Real Estate License ID: 0667196
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!