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Property profile & analytics
OFF-MARKET
Land

380 & Fm 51 Decatur, TX 76234

23.53 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Land
Lot 23.53 ac (1,024,967 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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