Commercial Land with Highway
For Sale
$799,900
630 N Interstate 35 Rd, Red Oak, TX 75154
Commercial tract along I-35 with highway frontage and proximity to major regional destinations.
Property Size6,432 SF
Price / SF$124.36
Days on Market446
Property Features for 630 N Interstate 35 Rd
General Information
Standard status
Active
Size
6,432 SF
Taxes and HOA fees
Annual Taxes
$18,974
Listing Agency:
Coldwell Banker Apex, REALTORS
(214) 926-6199
Listed By:
Dan Robertson · License #0347196
(214) 926-6199
Source:
Exprealty
Added: Jun 12, 2025
Changed: Aug 30
Last Checked: Aug 30 at 6:48PM
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 Coldwell Banker Apex, REALTORS
Investment Insights
Based on property information with market context.
This commercial land offering comprises a one-acre tract along the I-35 corridor with approximately 165 feet of highway frontage. The site provides a sizable roadside presence for commercial development, with its land-use and zoning details available through the transaction materials.
The property is located at 630 N Interstate 35 Rd in Red Oak, Texas, near the Google Data Center and future Highway Loop 9. Its position within the DFW market places it along a major transportation corridor, while TXDOT improvements have increased traffic flow in the area.
The property is located at 630 N Interstate 35 Rd in Red Oak, Texas, near the Google Data Center and future Highway Loop 9. Its position within the DFW market places it along a major transportation corridor, while TXDOT improvements have increased traffic flow in the area.
Key Highlights
- One‑acre commercial land tract
- Approximately 165 feet of highway frontage
- Located along the I‑35 corridor
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,727
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$894,540
$894.5K
Cap Rate 7%
$638,957
$639.0K
Cap Rate 9%
$496,967
$497.0K
Market Conditions
NOI Build-Up for 6,432 SF
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.
Gross rent
$57.9K $9.00/SF
− Vacancy
−$5.3K −$0.82/SF
EGI
$52.6K $8.18/SF
− OpEx
−$7.9K −$1.23/SF
NOI
$44.7K $6.95/SF
Area
Ellis County, TX
Vacancy
9.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$894,540
Cap Rate 7%
$638,957
Cap Rate 9%
$496,967
Alternative Uses
Best Use
Warehouse
$639.0K
$559.1K – $745.5K
NOI $44,727 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$70.18M
$61.41M – $81.88M
NOI $4,912,860 @ 7.0% cap · market cap 614.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
336
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Commercial tract along I-35 with highway frontage and proximity to major regional destinations.
Where is this commercial land located?
The property is located at 630 N Interstate 35 Rd Red Oak, TX.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: One‑acre commercial land tract; Approximately 165 feet of highway frontage; Located along the I‑35 corridor
