Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2111 Hwy 287 Decatur, TX 76234-2722

    • Commercial real estate
    • 15,125 SF
    • 18.17 lot acres
    OFF-MARKET
    Value Estimations
    $2,700,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2692274
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2111 Hwy 287

    Year built
    1983
    Construction
    STEEL FRAME
    Lot size
    18.17 lot acres
    Property size
    15,125 SF
    Property type
    Commercial real estate
    APN
    D1200.0101.00
    APU
    D1200010100

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,550,000
      6.5%
      $2,355,000
      7%
      $2,190,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,045,000
      Market price range: $761k - $3.05M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Wise
    State
    Texas
    Longitude
    -97.585
    Latitude
    33.2174
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,270
    $1,780,745
    $5,219,255
    $7,000,000
    -
    $1,780,745
    $5,219,255
    $7,000,000

    Comparable in this City

    • Value Estimation by Request
      1.87 Acres

      00 Hwy 380 Hwy

      Commercial real estate • 1.87 Acres
      00 Hwy 380 Hwy, Decatur, TX 76234
      View Details
    • Value Estimation by Request
      5.95 Acres

      Decatur, TX 76234

      COMMERCIAL (GENERAL) • 5.95 Acres
      Decatur, TX 76234
      View Details
    • Value Estimation by Request
      0.26 Acres

      100 Highway 287, Unit BUS

      COMMERCIAL (GENERAL) • 0.26 Acres
      100 Highway 287, Decatur, TX 76234-1642
      View Details
    • Value Estimation by Request
      1.28 Acres

      1451 Business 380

      COMMERCIAL (GENERAL) • 1.28 Acres
      1451 Business 380, Decatur, TX 76234-3265
      View Details
    • Value Estimation
      $545,000
      10.99 Acres

      2000 Fm 51

      COMMERCIAL (GENERAL) • 10.99 Acres
      2000 Fm 51, Decatur, TX 76234-3702
      View Details
    • Value Estimation by Request
      0.06 Acres

      201 Hwy 287

      COMMERCIAL (GENERAL) • 0.06 Acres
      201 Hwy 287, Decatur, TX 76234-3313
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      23.53 Acres

      Decatur, TX Commercial Land Opportunity

      Prime 23.53-acre retail site in booming Decatur.
      380 & Fm 51, Decatur, TX 76234
      View Details
    • $885,000

      Decatur TX Commercial Land

      Prime Pad Site, Hwy 287, $885,000
      101 Us-287, Decatur, TX 76234
      View Details
    • $581,000
      1.87 Acres

      Prime Decatur Commercial Land

      1.87 Acres, Hwy 380, High Growth Area
      00 Hwy 380 Hwy, Decatur, TX 76234
      View Details
    • Contact for pricing
      78.00 Acres

      Decatur Land: Hwy 380 & FM 51

      78 Acres, Prime Commercial Location
      0 33.244352 -97.575755, Decatur, TX 76234
      View Details
    • Contact for pricing
      78.00 Acres

      Decatur, TX Commercial Land - 78 Acres

      Prime Commercial Land, High Traffic Intersection
      380 & Fm 51, Decatur, TX 76234
      View Details
    • $495,000
      2.83 Acres

      Prime Decatur Land Opportunity

      2.83 Acres, $495,000 - Build Your Dream
      401 Newark St, Decatur, TX 76234
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo
      87,120 SF

      Decatur Commercial Strip Center For Lease

      Commercial strip center with high visibility road frontage in Decatur, TX.
      3691 S Fm 51, Decatur, TX 76234
      View Details
    • $5,900 /Mo
      43,560 SF

      Decatur Commercial Space For Lease

      Commercial lease space with office and shop areas in Decatur.
      501 S Business 287, Decatur, TX 76234
      View Details
    • Contact for pricing
      15,000 SF

      US Hwy 380 & Ross Ave. Pad Sites

      Prime Commercial Land, Wise County
      0 Us Hwy. 380 & Ross Ave, Decatur, TX 76234
      View Details
    • $2,250 /Mo
      187,177 SF

      Highway 380 Business Park Suites

      Industrial/office suites in Decatur, TX, with highway visibility.
      4338 Us-380, Decatur, TX 76234
      View Details
    • $6,500 /Mo
      19,166 SF

      Decatur Retail Opportunity on FM 51

      Former gas station/convenience store on major Decatur thoroughfare for lease.
      1210 S Fm 51, Decatur, TX 76234
      View Details
    • Contact for pricing
      1,125 SF

      Decatur Retail Space Available

      Retail space available for lease in Decatur, Texas.
      1208 Fm 51, Decatur, TX 76234
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2111 Hwy 287
    Decatur, TX 76234-2722
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.