1202 W Thompson St Unit Land Decatur, TX 76234
Estimated payment $19,509/month
About This Lot
Prime Multifamily Development Opportunity at the Northeast Corner of W. Thompson Street & S. Deer Park Road in Decatur, TX. This ±16.65-acre tract is strategically located in the heart of Decatur, TX, offering an exceptional opportunity for multifamily or mixed-use development. Positioned directly across from McCarroll Middle School and adjacent to the stabilized Crestview Place Apartments, the site benefits from strong surrounding demand drivers and excellent connectivity. Multifamily market fundamentals in the area are robust, with nearby properties such as Trophy Ridge (delivered in 2021) operating at 100% occupancy and maintaining waitlists — underscoring the acute demand for additional housing in the Decatur market.
Property Highlights include - Zoning: Ideal for multifamily or mixed-use development (buyer to verify)
Location: NE corner of W. Thompson St. & S. Deer Park Rd.
Access: Excellent ingress-egress from both W. Thompson St. and S. Deer Park Rd.
Surrounding Uses: Directly across from McCarroll Middle School, adjacent to Crestview Place Apts, near Trophy Ridge Apts (100% leased), and proximate to single-family subdivisions
Nearby Commercial: Retail, dining, and service amenities located along SH 287
Major Employer Proximity: Minutes from Wise Regional Health System, one of the area’s largest employers
Development Ready: Site plan and proposed development layout included with sale
This site presents a rare opportunity to capitalize on strong rental demand in a high-growth corridor with proven absorption and stabilized assets nearby.
Listing Agent
Keller Williams Fort Worth Brokerage Phone: 817-920-7770 License #0716804 Listed on: 07/31/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $29,708
Lot Details
- 16.65 Acre Lot
- Cleared Lot
- Zoning described as Commercial, multi family
Location
- City Lot
Schools
- Carson Elementary School
- Decatur High School
Listing and Financial Details
- Assessor Parcel Number 796329
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $29,708 | $2,176,214 | $2,176,214 | -- |
| 2024 | $29,708 | $1,632,161 | $1,632,161 | $0 |
| 2023 | $29,607 | $1,632,161 | $1,632,161 | $0 |
| 2022 | $27,800 | $1,269,458 | $1,269,458 | $0 |
| 2021 | $20 | $1,269,460 | $1,269,460 | $0 |
| 2020 | $20 | $666,120 | $666,120 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/31/2025 07/31/25 | For Sale | $3,200,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | -- | Lawyers Title | |
| Warranty Deed | -- | None Listed On Document | |
| Vendors Lien | -- | Title Resources | |
| Warranty Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,275,000 | Commercial |
Source: North Texas Real Estate Information Systems (NTREIS)
MLS Number: 21018795
APN: A0079000208
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Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2025. All rights reserved
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