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    Ovilla Rd Red Oak, TX 75154

    For Sale
    Contact for pricing

    3.68 Acres, High Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 3.68-acre commercial land parcel, located in Red Oak, Texas, presents a unique investment opportunity. Situated at the intersection of East Ovilla Road and Little Creek Trail, this property boasts 480 feet of frontage on Ovilla Road, a major thoroughfare with a high traffic volume of 15,267 vehicles per day (VPD as of 2019). The property's zoning is NB (Neighborhood Business), allowing for a variety of commercial uses. The lot, identified by APN 152550, is legally described as Lot PT 1 BLK 1 Little Creek, encompassing 3.6772 acres or 160,301 square feet. Its strategic location directly across from Schupmann Elementary School in the Red Oak Independent School District makes it highly visible and accessible. This prime location offers excellent potential for a wide range of commercial developments, benefiting from the substantial daily traffic flow and proximity to a well-established residential area. The Ellis County location and 75154 zip code further enhance its appeal. This is a rare opportunity to acquire a sizable commercial lot in a thriving Texas community.

    Property Features for 0 Ovilla Rd

    General Information

    Property type
    Land
    Lot Size
    160,301 SF

    HighLights

    • 3.68‑acre commercial lot (160,301 SF) in Red Oak, TX.
    • Directly across from Schupmann Elementary School (Red Oak ISD).
    • Neighborhood Business zoning.
    • 480 feet of frontage on high‑traffic Ovilla Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Red Oak
    County
    Ellis
    State
    Texas
    Longitude
    -96.84833034
    Latitude
    32.53183059

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    FAQs

    What type of property is this?
    Land - 3.68 Acres, High Traffic Area
    Where is this land located?
    The property is located at Ovilla Rd Red Oak, TX.
    What are key features of this property?
    This property features: 3.68-acre commercial lot (160,301 SF) in Red Oak, TX.; Directly across from Schupmann Elementary School (Red Oak ISD).; Neighborhood Business zoning.
    (214) 497-0276
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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
    Ovilla Rd Red Oak, TX 75154
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