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    Ovilla Rd & Santa Rosa Dr Glenn Heights, TX 75154

    For Sale
    Contact for pricing

    ±9.95 Acres, Retail Zoning, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This ±9.95-acre commercial land parcel presents a prime development opportunity in Glenn Heights, Texas. Located at the southeast corner of E Ovilla Rd (FM 664) and Santa Rosa Dr, in Dallas County, zip code 75154, this property boasts exceptional visibility and accessibility due to its location on a major thoroughfare. The site is zoned for Retail District (R), allowing for a variety of commercial uses, including restaurants (drive-throughs permitted with a Special Use Permit), retail, and office spaces. A conceptual plan already exists, suggesting three restaurant pad sites along Ovilla Road and a larger site at the rear. The property's strategic location is only 1.5 miles from the rapidly expanding Interstate 35E corridor in Ellis County, benefiting from high traffic counts and strong demographics. Significant population growth is projected for the area, with a 63.46% increase from 2010 to 2020 and a further anticipated 24.33% growth between 2022 and 2027. The surrounding area features numerous established retailers, including Walmart, Starbucks, and other national chains, creating a robust commercial environment. This site is divisible, offering flexibility for developers. The property's location and zoning make it an ideal investment for commercial development in a high-growth area.

    Property Features for 0 Ovilla Rd & Santa Rosa Dr

    General Information

    Property type
    Land
    Lot Size
    433,466 SF

    HighLights

    • 9.95‑acre commercial land parcel in Glenn Heights, TX, at the southeast corner of E Ovilla Rd (FM 664) and Santa Rosa Dr.
    • Retail (R) zoning allows for various commercial uses, including restaurants (drive‑throughs permitted with SUP), retail, and office; conceptual plan includes three restaurant pad sites and one larger site.
    • High‑growth area with 63.46% population increase (2010‑2020) and projected 24.33% growth (2022‑2027) within a 1‑mile radius.
    • Excellent visibility and accessibility on a major thoroughfare, 1.5 miles from I‑35E, with nearby national retailers like Walmart and Starbucks.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Glenn Heights
    County
    Dallas
    State
    Texas
    Longitude
    -96.8524171
    Latitude
    32.5318914

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    FAQs

    What type of property is this?
    Land - ±9.95 Acres, Retail Zoning, High Visibility
    Where is this land located?
    The property is located at Ovilla Rd & Santa Rosa Dr Glenn Heights, TX.
    What are key features of this property?
    This property features: 9.95-acre commercial land parcel in Glenn Heights, TX, at the southeast corner of E Ovilla Rd (FM 664) and Santa Rosa Dr.; Retail (R) zoning allows for various commercial uses, including restaurants (drive-throughs permitted with SUP), retail, and office; conceptual plan includes three restaurant pad sites and one larger site.; High-growth area with 63.46% population increase (2010-2020) and projected 24.33% growth (2022-2027) within a 1-mile radius.
    (214) 520-8818
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    Ovilla Rd & Santa Rosa Dr Glenn Heights, TX 75154
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    Glenn Heights, 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
    Ovilla Rd & Santa Rosa Dr Glenn Heights, TX 75154
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