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    Westmoreland Rd Red Oak, TX 75154

    For Sale
    Contact for pricing

    8.7 Acres, Divisible, Hard Corner

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 8.7-acre commercial land parcel presents a rare opportunity in the thriving Red Oak, Texas market. Located at the southwest corner of Ovilla Road and South Westmoreland Road, this property boasts a highly visible hard corner location with excellent accessibility and exposure to significant traffic volume. The permitted zoning is commercial, allowing for a wide range of development possibilities. The expansive lot size offers considerable flexibility, and importantly, the tract is divisible, catering to various development needs and investment strategies. Situated in Ellis County, Texas, with a 75154 zip code, this property benefits from a strategic location within a growing community. The address is precisely SWC Ovilla Rd. @ S. Westmoreland Rd., Ovilla, TX. This prime location offers unparalleled potential for businesses seeking high visibility and convenient access. The asking price is to be determined, making this an ideal opportunity for developers and investors to tailor a project to their specific vision and budget. The single existing building on the property presents additional possibilities for redevelopment or repurposing. Serious inquiries are encouraged to explore the full potential of this remarkable commercial land offering.

    Property Features for 0 Westmoreland Rd

    General Information

    Property type
    Land
    Lot Size
    378,972 SF

    Building Details

    Buildings
    1

    HighLights

    • 8.7‑acre commercial land parcel in Red Oak, TX.
    • Hard corner location at Ovilla Rd and S. Westmoreland Rd with high visibility and traffic.
    • Commercially zoned, allowing diverse development options.
    • Divisible tract offering flexibility for various development needs.
    • Existing building on site.
    • Price available upon request.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Red Oak
    County
    Ellis
    State
    Texas
    Longitude
    -96.8740177
    Latitude
    32.5320792

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    FAQs

    What type of property is this?
    Land - 8.7 Acres, Divisible, Hard Corner
    Where is this land located?
    The property is located at Westmoreland Rd Red Oak, TX.
    What are key features of this property?
    This property features: 8.7-acre commercial land parcel in Red Oak, TX.; Hard corner location at Ovilla Rd and S. Westmoreland Rd with high visibility and traffic.; Commercially zoned, allowing diverse development options.
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    Westmoreland Rd 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
    Westmoreland Rd Red Oak, TX 75154
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