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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Greenwood Rd Decatur, TX 76234

    • Industrial properties
    • 7,000 SF
    • 25.41 lot acres
    OFF-MARKET
    Value Estimations
    $510,000
    Show details
    Cap Rate Potential
    8.3%
    Industrial properties
    Location Intelligence
    Property ID
    US82-9790676
    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

    • Industrial properties

    Property Details for Greenwood Rd

    Year built
    2013
    Lot size
    25.41 lot acres
    Property size
    7,000 SF
    Property type
    Industrial properties
    APN
    A0160.0069.01
    APU
    A0160006901

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $450,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $620,000
      6.5%
      $575,000
      7%
      $530,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Wise
    State
    Texas
    Longitude
    -97.4934
    Latitude
    33.3665
    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
    $9,955
    $346,777
    $403,025
    $749,802
    -
    $346,777
    $403,025
    $749,802

    Comparable in this City

    • Value Estimation by Request
      6,000 SF

      1756 Us-380

      Distribution properties • 6,000 SF
      1756 Us-380, Decatur, TX 76234
      View Details
    • Value Estimation by Request
      34.00 Acres

      2188 Us-380

      Land • 34.00 Acres
      2188 Us-380, Decatur, TX 76234
      View Details
    • Value Estimation
      $825,000
      13,125 SF

      Decatur, TX 76234

      INDUSTRIAL (GENERAL) • 13,125 SF
      Decatur, TX 76234
      View Details
    • Value Estimation by Request
      9,098 SF

      2273 Us 287

      Distribution properties • 9,098 SF
      2273 Us 287, Decatur, TX 76234
      View Details
    • Value Estimation by Request
      120,160 SF

      380 Us Hwy

      Restaurants • 120,160 SF
      380 Us Hwy, Decatur, TX 76234
      View Details
    • Value Estimation by Request
      1.70 Acres

      2045 Us-380

      Land • 1.70 Acres
      2045 Us-380, Decatur, TX 76234
      View Details

    Similar Nearby for Sale

    • $1,100,000
      1.49 Acres

      Decatur Industrial Land - $1.1M

      Texas Industrial Lot, 5,653 SF
      301 Highway 287, Decatur, TX 76234
      View Details
    • $1,575,000
      8.00 Acres

      Decatur Commercial Building on 8 Acres

      Spacious commercial building on 8 acres in Decatur, Texas.
      3483 S Fm 51, Decatur, TX 76234
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    • $1,000,000
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      Decatur Industrial Flex Space

      6,000 SF Flex Warehouse, Vacant
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    • $1,799,999
      34.00 Acres

      Prime Decatur Industrial Land

      34 Acres, Hwy 380 Access, Opportunity Zone
      2188 Us Highway 380, Decatur, TX 76234
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    • $1,700,000
      6,000 SF

      Decatur Industrial Warehouse

      6,000 SF Warehouse, Hwy 380 Frontage
      1766 Us Highway 380, Decatur, TX 76234
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    • $1,200,000
      1.74 Acres

      Decatur Self-Storage Investment Opportunity

      Income-producing self-storage facility with lease-up potential in Decatur, Texas.
      2820 Us Highway 380, Decatur, TX 76234
      View Details

    Similar Nearby for Lease

    • $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
    • Contact for pricing

      Decatur Industrial Land - 1.7 Acres

      Prime Wise County industrial land, 1.7 acres, single tenant.
      2045 Us Highway 380, Decatur, TX 76234
      View Details
    • $1,500 /Mo
      217,800 SF

      Decatur Contractors Equipment Yard Lease

      5-acre equipment yard for lease near Hwy 287 and 380.
      3172 S Fm 730, 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
    • $6,000 /Mo
      65,340 SF

      Decatur Flex Space with Offices

      Flex space with offices, rollup doors, and ample parking.
      4595 Us-Hwy 380, Decatur, TX 76234
      View Details
    • $6,750 /Mo
      7,022 SF

      Decatur Warehouse with Highway Frontage

      7,020 sq ft warehouse with no zoning restrictions.
      2820 Us Highway 380, Decatur, TX 76234
      View Details
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    Greenwood Rd
    Decatur, TX 76234
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    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
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