Freestanding Retail
276 Lesliewood Red Oak, TX 75154
276 Lesliewood, Red Oak, TX, 75154
$850,000
For Sale
$850,000
Freestanding retail building on a signalized road intersection with strong daily traffic counts and ample parking.
Property Size1,600 SF
Lot Size0.29 Acres
Price / SF$531.25
Days on Market49
Property Features for 276 Lesliewood
General Information
- Standard status
- Active
- Size
- 1,600 SF
- Lot size
- 0.29 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1987
Listing agency
Inderman + Leija
(214) 235-1748
Listed by
Chelsie Andrews · License #0817538
(214) 235-1748
Source
Signaturere
Added: Jun 3 Updated: Jul 10 at 1:49PM Checked: Jul 17 at 9:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Inderman + Leija
Investment Insights
Based on property information with market context.
This freestanding retail building is approximately 1,600 square feet and sits on about 0.2897 acres. The property is currently operating as a salon and is configured in a way that can support a range of retail, office, medical, or personal service uses. The sale is real estate only, and the existing business is not included. Parking is available on-site, and the building’s frontage provides signage potential.
The property is located directly on Ovilla Road at a signalized intersection, providing convenient access for customers and deliveries. According to TxDOT traffic data for this corridor, Ovilla Road (FM 664) in this area commonly carries roughly 20,000 to 30,000 vehicles per day, with exact volumes varying by segment and year. The remarks also note that the front grass area is owned by TxDOT as of 2020.
For owner-users and investors seeking a visible, accessible commercial location, the current layout and service-friendly configuration may fit beauty, spa, medical, boutique retail, professional office, or other service-oriented concepts. The asset’s combination of frontage, on-site parking, and flexible interior use supports consideration by buyers looking to acquire a high-visibility property for their own operation or as an investment.
The property is located directly on Ovilla Road at a signalized intersection, providing convenient access for customers and deliveries. According to TxDOT traffic data for this corridor, Ovilla Road (FM 664) in this area commonly carries roughly 20,000 to 30,000 vehicles per day, with exact volumes varying by segment and year. The remarks also note that the front grass area is owned by TxDOT as of 2020.
For owner-users and investors seeking a visible, accessible commercial location, the current layout and service-friendly configuration may fit beauty, spa, medical, boutique retail, professional office, or other service-oriented concepts. The asset’s combination of frontage, on-site parking, and flexible interior use supports consideration by buyers looking to acquire a high-visibility property for their own operation or as an investment.
Key Highlights
- Approximately 1,600 SF freestanding retail building built in 1987
- Located directly on Ovilla Road (FM 664) at a signalized intersection
- Site size of approx. 0.2897 acres (12,619 SF) with ample parking
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.2k | $30.72 |
| − Vacancy | −$13.5k | −$8.42 |
| EGI | $35.7k | $22.30 |
| − OpEx | −$8.9k | −$5.58 |
| NOI | $26.8k | $16.73 |
1,600 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$382.3K
$334.5K – $446.1K
NOI $26,763 @ 7.0% cap · market cap 3.15%
Second Best
Retail
$379.4K
$332.0K – $442.6K
NOI $26,557 @ 7.0% cap · market cap 3.12%
Theoretical Best
Multifamily LT 5
$17.46M
$15.28M – $20.37M
NOI $1,222,105 @ 7.0% cap · market cap 143.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Freestanding retail building on a signalized road intersection with strong daily traffic counts and ample parking.
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 $850,000.
What are key features of this property?
This property features: Approximately 1,600 SF freestanding retail building built in 1987; Located directly on Ovilla Road (FM 664) at a signalized intersection; Site size of approx. 0.2897 acres (12,619 SF) with ample parking
