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    High- Clearance Flex Warehouse Unit Title is generated by Realmo AI

    600-2601 S Highway 287, Decatur, TX 76234

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    For Lease
    $2,300/Mo $11 SF/Yr (calc)

    Flex warehouse with office-ready reception area, high ceilings, concrete floors, and two roll-up doors for light industrial use.

    Property size:
    2,500 SF
    Lot size:
    0.28 Acres
    Added:
    May 19, 2026
    Days on Market:
    18
    Last Refresh:
    Jun 5 at 1:48 am

    Property Features for 600-2601 S Highway 287

    General Information

    Standard status
    Active
    Size
    2,500 SF
    Lot size
    0.28 Acres

    We can help!

    Listing Contact
    Cason Caraway

    Listing agent Cason Caraway

    Listing office Post Oak Realty West

    Listing date May 19, 2026

    Source Exprealty

    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 Post Oak Realty West

    HighLights

    • 2,500 SF flex‑use warehouse with office‑ready reception/front office area in Decatur
    • 20+ ft ceilings with durable concrete floors and metal construction
    • Two 14x14 insulated roll‑up doors for loading and light industrial/warehouse use
    • Central HVAC plus gravel parking with space for trailers, fleet vehicles, and customer access
    • Approximately 0.28 acres just south of Decatur with quick access to Hwy 287 and Hwy 380
    • Landlord covers water, trash, water well, septic, mowing, and general grounds maintenance; tenant pays electricity and internet

    Overview

    This flex-use warehouse unit is designed for a clean mix of storage and office. The space includes 20+ ft ceilings, durable concrete floors, and metal construction, along with a front reception or office area. Operational access is supported by two 14x14 insulated roll-up doors, making it well-suited for loading, light industrial work, or day-to-day storage needs. Central HVAC is also in place for year-round comfort within the office portion.

    The property is located just off Hwy 287 in Decatur, TX, south of town, with quick access to Hwy 287 and 380. Parking is provided in gravel format with ample space for trailers, fleet vehicles, or customer access. The site is approximately 0.28 acres.

    From a tenant standpoint, this configuration fits users who need functional warehouse space while keeping an office presence for receiving, admin work, or customer interaction. The landlord covers water, trash, water well, septic, mowing, and general grounds maintenance, while the tenant is responsible for electricity (via Co-op) and internet service. Overall, it offers a practical setup for contractors, service providers, and small businesses seeking warehouse utility with office space.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Similar Places Nearby

    • Mac Aroon's Catering — Decatur, TX 76234

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Wise
    State
    Texas
    Longitude
    -97.591891
    Latitude
    33.234869

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    FAQs

    What type of property is this?
    Flex space - Flex warehouse with office-ready reception area, high ceilings, concrete floors, and two roll-up doors for light industrial use.
    Where is this flex space located?
    The property is located at 600-2601 S Highway 287 Decatur, TX.
    What is the lease rate?
    The lease rate is $2,300 /Mo.
    What are key features of this property?
    This property features: 2,500 SF flex‑use warehouse with office‑ready reception/front office area in Decatur; 20+ ft ceilings with durable concrete floors and metal construction; Two 14x14 insulated roll‑up doors for loading and light industrial/warehouse use
    (940) 384-7355
    We can help!
    Listing Contact
    Cason Caraway
    Learn More
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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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    600-2601 S Highway 287, Decatur, TX
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