Mixed-Use Property with
For Sale
$665,000
601 Houston School Road, Red Oak, TX 75154
CommercialSale, Red Oak, TX
Property Size4,461 SF
Lot Size0.68 Acres
Price / SF$149.07
Days on Market50
Property Features for 601 Houston School Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
No zoning or deed restrictions.
Parking features
Garage, RV, Driveway, Carport
Fireplace
1
Subdivision
Western Hills
Directions
GPS
Standard status
Active
APN
197633
Size
4,461 SF
Lot size
0.68 Acres
Taxes and HOA fees
Tax Description
LOT SE PT 10 BLK A WESTERN HILLS .6832 AC
Tax Annual Amount
3161
Legal Description
LOT SE PT 10 BLK A WESTERN HILLS .6832 AC
Utilities
Sewer type
Septic Tank
Heating system
Fireplace(s), Central
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Amenities
kitchenette
Building Details
Year built
1989
Floors in Building
1
Number of units
3
Flooring type
Tile, Concrete
Building materials
Brick
Roof type
Metal, Composition, Mixed
Listing Agency:
Relo Radar
(817) 774-9077
Listed By:
Josh Mills · License #0523527
(214) 701-3467
Added: Aug 28
Changed: Oct 7
Last Checked: Oct 16 at 7:06AM
MLS# 21371750
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.
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Investment Insights
Based on property information with market context.
The 0.683-acre property includes a 1,785-square-foot primary building configured for residential use, a detached 420-square-foot office studio with a kitchenette, and a 3,076-square-foot metal workshop with a second-floor area. A covered 12-by-50-foot storage area sits behind a metal fence. The buildings have brick and metal construction elements, with tile and concrete flooring noted. Heating and cooling include central systems; the primary building also has a fireplace and ceiling fans.
The site is at the corner of Houston School Road and the Loop 9 frontage road, with access from the frontage road. It is across the street from a 172-acre data center. The property has both commercial and residential zoning, and is located within a designated Opportunity Zone.
The site is at the corner of Houston School Road and the Loop 9 frontage road, with access from the frontage road. It is across the street from a 172-acre data center. The property has both commercial and residential zoning, and is located within a designated Opportunity Zone.
Key Highlights
- 0.683‑acre site with commercial and residential zoning
- Primary residential building: 1,785 square feet
- Detached office studio: 420 square feet, with kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,190
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,023,800
$1.0M
Cap Rate 7%
$731,286
$731.3K
Cap Rate 9%
$568,778
$568.8K
Market Conditions
NOI Build-Up for 4,461 SF
Gross rent
$96.4K $21.60/SF
− Vacancy
−$14.5K −$3.24/SF
EGI
$81.9K $18.36/SF
− OpEx
−$30.7K −$6.89/SF
NOI
$51.2K $11.48/SF
Area
Ellis County, TX
Vacancy
15.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,023,800
Cap Rate 7%
$731,286
Cap Rate 9%
$568,778
Alternative Uses
Best Use
Mixed Use
$731.3K
$639.9K – $853.2K
NOI $51,190 @ 7.0% cap · market cap 7.70%
Second Best
Warehouse
$443.2K
$387.8K – $517.0K
NOI $31,021 @ 7.0% cap · market cap 4.66%
Theoretical Best
Multifamily LT 5
$48.68M
$42.59M – $56.79M
NOI $3,407,380 @ 7.0% cap · market cap 512.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Explore this area
Business Placement
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
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Several buildings provide residential space, a detached office studio, and a metal workshop on a site with commercial and residential zoning.
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 $665,000.
What are key features of this property?
This property features: 0.683‑acre site with commercial and residential zoning; Primary residential building: 1,785 square feet; Detached office studio: 420 square feet, with kitchenette
