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    680 Ovilla Rd Red Oak, TX 75154

    For Lease
    Contact for pricing

    High-growth location, 1.23 acres, ready to build.

    Lot size:
    53,709 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 1.23-acre commercial pad site presents a prime opportunity for retail development in the thriving Red Oak, Texas market. Located at 680 East Ovilla Road, this single-tenant property boasts a total buildable area of 53,709 square feet, currently vacant and ready for immediate construction. The site's ideal hard corner location makes it particularly attractive for fast-food restaurants or service-oriented businesses. Zoned PD-66, this property offers significant potential for high visibility and accessibility. Situated in Ellis County, Texas, zip code 75154, this location benefits from the robust growth experienced in the Red Oak area. The expansive 53,709 square feet of vacant space provides ample room for a substantial building, catering to a variety of retail concepts. The 1.23-acre lot size offers flexibility in design and ample space for parking and landscaping. This property represents a unique chance to establish a successful business in a dynamic and expanding market. Its strategic location and zoning make it an exceptional investment opportunity.

    Property Features for 680 Ovilla Rd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    53,709 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    53,709 SF

    HighLights

    • 1.233‑acre site
    • Build‑to‑suit, ground lease, or sale opportunities available
    • PD‑66 zoning
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Red Oak
    County
    Ellis
    State
    Texas
    Longitude
    -96.7824454
    Latitude
    32.5318394

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    FAQs

    What type of property is this?
    Individual retail property - High-growth location, 1.23 acres, ready to build.
    Where is this individual retail property located?
    The property is located at 680 Ovilla Rd Red Oak, TX.
    What are key features of this property?
    This property features: 1.233-acre site; Build-to-suit, ground lease, or sale opportunities available; PD-66 zoning
    Request Owner's contact information
    680 Ovilla Rd Red Oak, TX 75154
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    Red Oak, TX 75154
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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
    680 Ovilla Rd Red Oak, TX 75154
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