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    380 & Fm 51 Decatur, TX 76234

    For Sale
    Contact for pricing

    Prime Commercial Land, High Traffic Intersection

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional ±78-acre commercial land parcel presents a unique investment opportunity in Decatur, Texas. Strategically located at the highly trafficked intersection of US 380 and FM 51 in Wise County, this property boasts significant frontage on both major roadways, ensuring unparalleled visibility and accessibility. Its ideal location makes it suitable for a diverse range of commercial developments, including retail centers, mixed-use projects, and medical facilities. The substantial lot size offers ample space for large-scale projects, while the high traffic volume guarantees significant exposure to potential customers and clients. The property is zoned for commercial use (verification required) and is available for sale. Furthermore, the seller is open to considering the possibility of dividing the land into smaller parcels, providing flexibility for various development scenarios. This prime location in a growing area offers significant potential for long-term appreciation and strong returns on investment. The property's address is NWQ US 380 & FM 51, Decatur, TX 76234. Detailed site plans and zoning information are available upon request. Don't miss this opportunity to acquire a premier commercial land site in a thriving Texas market.

    Property Features for 380 & Fm 51

    General Information

    Property type
    Land
    Lot Size
    3,397,680 SF

    HighLights

    • ±78‑acre site at the US 380 & FM 51 intersection.
    • Divisible land parcel available for sale.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Decatur
    County
    Wise
    State
    Texas
    Longitude
    -97.57539115
    Latitude
    33.24370397

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, High Traffic Intersection
    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: ±78-acre site at the US 380 & FM 51 intersection.; Divisible land parcel available for sale.;
    (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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