380 & Fm 51 Decatur, TX 76234
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.