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    E Ovilla Rd & Santa Rosa Dr Red Oak, TX

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    For Sale
    Contact for pricing

    Divisible commercial land with excellent access and strong demographics.

    Lot size:
    9.95 Acres

    Property Features for E Ovilla Rd & Santa Rosa Dr

    General Information

    Lot size
    9.95 Acres

    Source: SLJ Company, LLC Agent Ty Underwood

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

    Overview

    Commercial Land with High Visibility

    This commercial land is located approximately 1.5 miles east of I-35E, offering high visibility and excellent access. The property benefits from strong demographics and is situated in an area with strong population growth. The retail zoning allows for a variety of retail, office, and service uses. A conceptual site plan has been completed, accommodating three restaurant pad sites along the Ovilla Rd frontage and a larger site in the rear of the property. The land is divisible and benefits from many area traffic drivers.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Red Oak
    County
    Ellis
    State
    Texas
    Longitude
    -96.8153
    Latitude
    32.5332101

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    FAQs

    What type of property is this?
    Land - Divisible commercial land with excellent access and strong demographics.
    Where is this land located?
    The property is located at E Ovilla Rd & Santa Rosa Dr Red Oak, TX.
    What are key features of this property?
    This property features: - High visibility and excellent access.; - Strong demographics and population growth.; - Liberal retail zoning allows a variety of uses.
    (214) 520-8818
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    E Ovilla Rd & Santa Rosa Dr 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
    E Ovilla Rd & Santa Rosa Dr Red Oak, TX
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