Freestanding Retail
276 Lesliewood, Red Oak, TX 75154
For Sale
$680,000
CommercialSale, Red Oak, TX
Property Size1,600 SF
Lot Size0.29 Acres
Price / SF$425
Days on Market124
Property Features for 276 Lesliewood
General Information
Property type
Property subtype
Zoning description
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Currently Operating
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Inderman + Leija
Listed By:
Chelsie Andrews · License TX #0817538
(903) 915-9010
Added: Jul 12
Changed: Nov 9
Last Checked: Nov 12 at 7:06PM
MLS# 21269109
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1987, this freestanding brick retail property contains 1,600 square feet on a 0.29-acre site. Interior finishes include concrete flooring, and the building has central air conditioning, ceiling fans, and natural gas heating. Public water and sewer serve the property. The real estate is offered without the existing salon business, which is not part of the sale. The configuration is described as suitable for retail, office, medical, or personal service uses.
The property is at 276 Lesliewood in Red Oak, on Ovilla Road (FM 664) at a signalized intersection. The corridor is reported to carry approximately 20,000 to 30,000 vehicles per day, with counts varying by segment and year. Nearby context includes residential neighborhoods, schools, and commercial development. The front grass area has been owned by TxDOT since 2020.
The property is at 276 Lesliewood in Red Oak, on Ovilla Road (FM 664) at a signalized intersection. The corridor is reported to carry approximately 20,000 to 30,000 vehicles per day, with counts varying by segment and year. Nearby context includes residential neighborhoods, schools, and commercial development. The front grass area has been owned by TxDOT since 2020.
Key Highlights
- 1,600‑square‑foot freestanding retail building on a 0.29‑acre site
- Located on Ovilla Road (FM 664) at a signalized intersection
- Reported corridor traffic: approximately 20,000 to 30,000 vehicles per day; counts vary by segment and year
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,557
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$531,140
$531.1K
Cap Rate 7%
$379,386
$379.4K
Cap Rate 9%
$295,078
$295.1K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$39.9K $24.96/SF
− Vacancy
−$2.0K −$1.25/SF
EGI
$37.9K $23.71/SF
− OpEx
−$11.4K −$7.11/SF
NOI
$26.6K $16.60/SF
Area
Ellis County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$531,140
Cap Rate 7%
$379,386
Cap Rate 9%
$295,078
Alternative Uses
Best Use
Retail
$379.4K
$332.0K – $442.6K
NOI $26,557 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$562.8K
$492.5K – $656.6K
NOI $39,398 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
30,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
461
Businesses Nearby
217k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 40%
Shops & Services 32%
Dining 23%
Home Improvements & Furnishings 3%
Walmart
Superstores
85,897 visits/mo
0.5 miles
Dollar Tree
Shops & Services
17,065 visits/mo
0.3 miles
Murphy USA
Shops & Services
15,666 visits/mo
0.4 miles
SONIC Drive In
Dining
13,471 visits/mo
0.2 miles
Dollar General
Shops & Services
11,473 visits/mo
0.1 miles
Demographics for 75154, TX
45,894
Population
17,170
Households
2.7
Avg Household Size
36
Median Age
31%
College-Educated
88%
High-School Grad
47.8 sq mi
ZIP Area
960
Density / Sq Mi
$96,150
Median Household Income
$48,112
Median Earnings
$1,446
Median Rent
$296,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Ellis County, TX
Properties on Market for Retail space in Ellis County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The property occupies a signalized corner on Ovilla Road, with public water and sewer service.
Where is this retail space located?
The property is located at 276 Lesliewood Red Oak, TX.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: 1,600‑square‑foot freestanding retail building on a 0.29‑acre site; Located on Ovilla Road (FM 664) at a signalized intersection; Reported corridor traffic: approximately 20,000 to 30,000 vehicles per day; counts vary by segment and year
