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    2045 Us-380 Decatur, TX 76234

    Sponsored
    For Lease
    Contact for pricing

    Prime Wise County industrial land, 1.7 acres, single tenant.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.7-acre industrial land parcel is located at 2045 US Highway 380 in Decatur, Texas, within Wise County (zip code 76234). The property is zoned for multi-family use, offering significant development potential. Currently, the land is unimproved, presenting a blank canvas for a variety of industrial uses. The site's location outside city limits reduces regulatory restrictions, providing greater flexibility for development plans. Permitted uses include outside storage, truck parking, and inventory yard space. While the lot size is between 1.5 and 1.7 acres, the total acreage is 1.7 acres. Future improvements such as graveling and fencing the yard are possible at an additional cost. It's important to note that any existing easements on the property must remain unobstructed. This presents a unique opportunity for businesses seeking a strategically located industrial site with considerable development potential in a rapidly growing area of Texas. The property's latitude and longitude coordinates are 33.2423399 and -97.5262399 respectively.

    Property Features for 2045 Us-380

    General Information

    Property type
    Land
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Available Space
    Size
    0 SF

    HighLights

    • $750/acre
    • 1.7‑acre site
    • Outside city limits
    • Fenced and gated options available, price may vary
    • $2,500/month rental rate
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Decatur
    County
    Wise
    State
    Texas
    Longitude
    -97.5262399
    Latitude
    33.2423399

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    FAQs

    What type of property is this?
    Land - Prime Wise County industrial land, 1.7 acres, single tenant.
    Where is this land located?
    The property is located at 2045 Us-380 Decatur, TX.
    What are key features of this property?
    This property features: $750/acre; 1.7-acre site; Outside city limits
    Request Owner's contact information
    2045 Us-380 Decatur, TX 76234
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    Decatur, TX 76234
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    Realmo Value Estimation

    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

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    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.

    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
    2045 Us-380 Decatur, TX 76234
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