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Property profile & analytics
OFF-MARKET
Neighborhood centers

1400 Fm 51 Decatur, TX 76234

3,572 SF Built 1981
Property ID
Property summary
AI-generated overview

This exceptional retail property, located at 1400 S FM 51 in Decatur, Texas, presents a fantastic investment opportunity. The single-story strip center boasts a total of 3,572 square feet of leasable space, situated on a generous 6.37-acre lot. Built in 1981, the property offers excellent visibility and accessibility, making it ideal for a variety of retail businesses. The flexible layout allows for multiple tenants, with spaces ranging from a minimum of 1,772 square feet up to a maximum contiguous space of 3,572 square feet. This presents a unique opportunity for both single-tenant occupancy or the potential to lease to multiple businesses. The property is located in Wise County, Texas, with a convenient Decatur address and zip code 76234. Its strategic location offers high traffic counts and strong potential for customer engagement. This is a rare chance to acquire a well-established retail center in a thriving Texas community. The property's size and layout provide ample opportunity for customization and expansion to suit the needs of prospective tenants. Don't miss this chance to own a piece of Decatur's vibrant commercial landscape.

Property profile
Verified
Property type Neighborhood centers
Year built 1981
Total area 3,572 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
Current use
Occupant on record · Public records
  • Dickey's Barbecue Pit Restaurant
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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