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    380 & Fm 51 Decatur, TX 76234

    For Sale
    Contact for pricing

    Prime 23.53-acre retail site in booming Decatur.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 23.53-acre commercial land parcel is strategically located at the Northwest corner of US Highway 380 and FM 51 in Decatur, Wise County, Texas, zip code 76234 (33.2448229, -97.5008338). The property offers significant frontage on Highway 380, ensuring high visibility and accessibility for businesses. This location benefits from its proximity to Paloma Trails, a new 165-acre residential development featuring over 418 lots. This burgeoning community creates a strong demand for retail services, making this land ideal for national retail users seeking to capitalize on a rapidly growing market. The property's size and location present a unique opportunity to develop a substantial retail center, catering to the needs of both the Paloma Trails residents and the wider Decatur community. The excellent connectivity to a major thoroughfare, US Highway 380, further enhances the property's appeal and potential for significant return on investment. This is a rare chance to secure a prime commercial land parcel in a thriving Texas market. The property is classified as commercial land and is ready for development.

    Property Features for 380 & Fm 51

    General Information

    Property type
    Land
    Lot Size
    1,024,967 SF

    HighLights

    • 23.53‑acre commercial land parcel in Decatur, Wise County, Texas (zip code 76234).
    • High‑visibility location at the NW corner of US Hwy 380 & FM 51.
    • Significant frontage on US Hwy 380 provides excellent accessibility.
    • Adjacent to Paloma Trails, a new 418‑lot residential development, creating strong retail demand.
    • Ready for development as a substantial retail center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Decatur
    County
    Wise
    State
    Texas
    Longitude
    -97.5008338
    Latitude
    33.2448229

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    FAQs

    What type of property is this?
    Land - Prime 23.53-acre retail site in booming Decatur.
    Where is this land located?
    The property is located at 380 & Fm 51 Decatur, TX.
    What are key features of this property?
    This property features: 23.53-acre commercial land parcel in Decatur, Wise County, Texas (zip code 76234).; High-visibility location at the NW corner of US Hwy 380 & FM 51.; Significant frontage on US Hwy 380 provides excellent accessibility.
    (214) 960-4618
    Request Owner's contact information
    380 & Fm 51 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

    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.

    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
    380 & Fm 51 Decatur, TX 76234
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