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    242 Ovilla Rd Red Oak, TX 75154

    For Lease
    Contact for pricing

    Prime Retail Space, Multi-Tenant Center, Ovilla Road

    Lot size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    Red Oak Ranch Center offers exceptional retail space in a thriving Ellis County location. This multi-tenant center, built in 2022, boasts a total of 10,000 square feet situated on a 1.19-acre lot. The property features a Class B building with excellent visibility due to its hard corner location and Ovilla Road frontage. Currently, there is space available ranging from 1,500 to 8,500 contiguous square feet, making it ideal for a variety of retail businesses. The center is anchored by Shipley Donuts, benefiting from the high traffic and established customer base of this popular brand. The surrounding area exhibits a dense concentration of retail, office, and residential properties, ensuring a strong customer base and high foot traffic for potential tenants. The property's strategic location and modern construction make it an attractive opportunity for businesses seeking a prominent presence in a rapidly growing market. The minimum divisible space is 1,500 square feet, offering flexibility for businesses of various sizes. This is a unique opportunity to establish or expand your business in a vibrant and well-positioned retail center. The single building structure provides a cohesive and easily managed space.

    Property Features for 242 Ovilla Rd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,000 SF
    Class
    B

    Building Details

    Year Built
    2022
    Buildings
    1

    Unit(s) available at that property

    Space
    100
    Size
    8,500 SF

    HighLights

    • 10,000 SF retail center in Ellis County.
    • Multiple tenant spaces available, ranging from 1,500 SF to 8,500 SF contiguous.
    • Anchored by Shipley Donuts, located in a dense retail, office, and residential area.
    • High visibility hard corner location on Ovilla Road.
    • 1.19‑acre lot size.
    • Class B building, constructed in 2022.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Red Oak
    County
    Ellis
    State
    Texas
    Longitude
    -96.8092062
    Latitude
    32.5321078

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail Space, Multi-Tenant Center, Ovilla Road
    Where is this individual retail property located?
    The property is located at 242 Ovilla Rd Red Oak, TX.
    What are key features of this property?
    This property features: 10,000 SF retail center in Ellis County.; Multiple tenant spaces available, ranging from 1,500 SF to 8,500 SF contiguous.; Anchored by Shipley Donuts, located in a dense retail, office, and residential area.
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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
    242 Ovilla Rd Red Oak, TX 75154
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