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    134 E Ovilla Rd Red Oak, TX

    For Sale
    $3,364,439

    NNN leased retail property with long-term tenant in Red Oak.

    Property size:
    4,092 SF
    Lot size:
    0.48 Acres

    Property Features for 134 E Ovilla Rd

    General Information

    Size
    4,092 SF
    Lot size
    0.48 Acres

    Source: Cushman & Wakefield | Phoenix Agent Chris Hollenbeck

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Red Oak Retail Investment Property

    This retail property, located in Red Oak, Texas, offers a long-term investment opportunity. The property is subject to an absolute NNN lease, meaning zero landlord responsibilities. The lease term is approximately 17 years. The business operating at the location is considered recession-resistant. The property qualifies for bonus depreciation. Annual rent increases are structured at the greater of 2% or CPI, up to a maximum of 6%, providing a hedge against inflation. The property contains 4,092 square feet.
    Location Intelligence

    Current Use by Public Records

    NNN properties

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Red Oak
    County
    Ellis
    State
    Texas
    Longitude
    -96.8153
    Latitude
    32.5332101

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    FAQs

    What type of property is this?
    NNN property - NNN leased retail property with long-term tenant in Red Oak.
    Where is this nnn property located?
    The property is located at 134 E Ovilla Rd Red Oak, TX.
    What is the asking price?
    The asking price for this property is $3,364,439.
    What are key features of this property?
    This property features: - Long term ±17 year absolute NNN lease offering zero landlord responsibilities; - 6.15% CAP rate; - Annual rent increases at the greater of 2% or CPI up to 6%, offering a hedge against inflation
    (602) 954-9000
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    134 E Ovilla Rd Red Oak, TX
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    Red Oak, TX
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    Realmo Value Estimation

    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.

    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.

    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
    134 E Ovilla Rd Red Oak, TX
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