Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    307 N State Highway 342 Red Oak, TX 75154

    Sponsored
    For Sale
    $499,000

    Warehouse - Red Oak, TX

    Type:Warehouse
    Lot size:
    0.37 Acres
    Days on Market:
    152
    Last Refresh:
    Feb 13 at 1:06 pm

    Property Features for 307 N State Highway 342

    General Information

    Property type
    Commercial Sale
    Property subtype
    Warehouse
    Standard status
    Active
    APN
    298328
    Lot size
    0.37 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1994
    Flooring type
    Concrete
    Building materials
    Metal Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Curtis Evans
    Curtis Evans

    Fort Worth Re LTD (817) 920-7700

    Listing agent Curtis Evans (817) 920-7700 License #0528557

    Listing date Sep 15, 2025

    MLS# 21017690 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Red Oak Industrial Flex Space

    This 3,000 SF industrial flex building in Red Oak, TX, presents a solid opportunity for light commercial or specialized use. Zoned C1 per the City of Red Oak, the property was previously home to a canvasing business and is well-suited for storage, workshop space, or a user seeking a combination of office and warehouse space. The building features an open floor plan with workspace flexibility, high ceilings, and ample room for equipment or inventory, as well as an office area. The location provides convenient access to I-35E and major thoroughfares. Situated on a 0.37-acre lot, this is a practical, no-frills space for small businesses looking for affordable, well-located square footage in a business-friendly area. Note that the property will require city approvals and upgrades for future use, and buyers should verify requirements with the City of Red Oak.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    My Father’s Table TX

    Location Insight

    • Map
    • Local Demand
    City
    Red Oak
    County
    Ellis
    State
    Texas
    Longitude
    -96.799773
    Latitude
    32.518867

    Nearby Similar for Sale

    • $200,000
      0.21 Acres

      Updated Commercial Building in Red Oak

      Updated commercial building in prime Red Oak location for sale.
      329 N State Highway 342, Red Oak, TX 75154
      View Details
    • $185,000
      0.23 Acres

      Red Oak Commercial Opportunity

      Commercial building in Red Oak, TX, with high visibility.
      405 N State Highway 342, Red Oak, TX 75154
      View Details
    • $799,999
      1.00 Acre

      Red Oak Flexible Office Space

      Office and warehouse space in Red Oak, near I-35E.
      650 S Interstate 35 Rd, Red Oak, TX 75154
      View Details
    • $960,000
      1.51 Acres

      Red Oak Office Opportunity

      Commercial opportunity in Red Oak, just off newly renovated Ovilla Rd.
      2611 Ovilla Rd, Red Oak, TX 75154
      View Details
    • $3,500,000
      5.02 Acres

      Red Oak Income Opportunity

      Property with houses, mobile homes, taxidermy shop, and billboard.
      404 S Interstate 35 Rd, Red Oak, TX 75154
      View Details
    • $950,000
      0.67 Acres

      Red Oak Retail Opportunity

      Retired gas station on 0.666 acres with redevelopment potential.
      300 S Interstate 35 Rd, Red Oak, TX 75154
      View Details
    • Contact for pricing

      Industrial Property For Sale

      Industrial property available for sale.
      630 N I-35 Frontage Rd, Red Oak, TX 75154
      View Details

    FAQs

    What type of property is this?
    Flex space - 3,000 SF flex space suitable for various commercial uses.
    Where is this flex space located?
    The property is located at 307 N State Highway 342 Red Oak, TX.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: - 3,000 SF Industrial Flex Space in Red Oak, TX; - C1 Zoning allows for light commercial or specialized use; - Convenient access to I-35E and major thoroughfares
    (817) 920-7770
    Request Owner's contact information
    307 N State Highway 342 Red Oak, TX 75154
    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.
    307 N State Highway 342
    Red Oak, TX 75154
    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
    307 N State Highway 342 Red Oak, TX 75154
    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

    We can help!
    Listing Contact
    Curtis Evans
    Curtis Evans
    Real Estate License ID: 0528557
    (817) 920-7770 (817) 920-7700
    Learn more
    Google sign-in failed. Please try again or use another login method.