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    601 Houston School Road Red Oak, TX 75154

    View on Map
    For Sale
    $760,000

    Business - Red Oak, TX

    Type:Business
    Property size:
    4,861 SF
    Lot size:
    0.68 Acres
    Added:
    Mar 13, 2026
    Days on Market:
    21
    Last Refresh:
    Apr 2 at 3:06 am

    Property Features for 601 Houston School Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Parking features
    Carport, Driveway, Garage, Workshop
    Fireplace
    1
    Standard status
    Active
    APN
    197633
    Size
    4,861 SF
    Lot size
    0.68 Acres

    Utilities

    Heating system
    Central, Fireplace(s)
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Year built
    1989
    Flooring type
    Concrete, Tile
    Building materials
    Brick
    Roof type
    Composition, Metal, Mixed
    Architectural style
    Other

    We can help!

    Listing Contact
    Josh Mills

    Listing agent Josh Mills License #0523527

    Listing office Relo Radar 5049 Edwards Ranch Rd, 4th Fl., Fort Worth, TX

    Listing date Mar 13, 2026

    MLS# 20930013 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.

    Overview

    Corner Lot Mixed-Use Property

    This corner-lot property in a rapidly growing corridor offers immediate income potential and long-term upside. Located in an Opportunity Zone, the property benefits from excellent visibility and access off the Loop 9 frontage road. A new 172-acre Data Center across the street draws consistent traffic, enhancing the property's strategic value. The site includes a 1,785-square-foot residential home that can be converted into a single or multi-suite office. A detached 20x21 structure includes a kitchenette and is suitable for use as an office or studio. A large 50x50 metal garage-shop adds 3076 sq. ft, with a second floor providing ample space for inventory storage. An additional 12x50 covered area behind a metal fence offers more room for storage or parking. The 0.683-acre property is zoned for both commercial and residential purposes. Currently used as a residence, it is ready for transformation to meet business or investment goals. The property is located in Red Oak, Texas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Building Supply Spa & Massage Center Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Auto Parts Store Kitchen & Bath Showroom Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Red Oak
    County
    Ellis
    State
    Texas
    Longitude
    -96.8058684
    Latitude
    32.5464283

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    FAQs

    What type of property is this?
    Mixed-use property - High-visibility corner lot with income potential in a growing area.
    Where is this mixed-use property located?
    The property is located at 601 Houston School Road Red Oak, TX.
    What is the asking price?
    The asking price for this property is $760,000.
    What are key features of this property?
    This property features: Located in a designated Opportunity Zone offering potential tax benefits.; **Prime corner‑lot location with excellent visibility and access off Loop 9 frontage road.**; Immediate income potential with a flexible‑use property zoned for both commercial and residential purposes.
    (817) 774-9077
    We can help!
    Listing Contact
    Josh Mills
    Real Estate License ID: 0523527
    Learn More
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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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