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    101 Free Market Dr Red Oak, TX 75154

    For Sale
    $1,678,280

    9.63 Acres, US 77 Frontage, Commercial/Light Industrial

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    Exceptional investment opportunity in Red Oak, Texas! This 9.632-acre commercial/light industrial land parcel boasts an unbeatable location with high visibility on US Highway 77. The property features significant frontage along US 77 (956.93 ft), Free Market Drive (806.96 ft), Shawnee Road (255.29 ft), and Deercreek Drive (271.42 ft), offering unparalleled exposure for your business. Priced at $4 per square foot, or $1,678,280 total, this expansive site (419,569.92 square feet) is zoned for a variety of commercial and light industrial uses, providing flexibility for diverse development plans. The property is conveniently located at 101 Free Market Drive, Red Oak, TX 75154 (APN 186915) and is served by Rockett SUD water (8-inch line) and electricity. Aerobic systems are utilized in the area. The seller is willing to consider dividing the property. This is a rare opportunity to acquire a strategically positioned, sizable tract of land in a rapidly growing area. Don't miss out!

    Property Features for 101 Free Market Dr

    General Information

    Property type
    Land
    Lot Size
    419,570 SF

    HighLights

    • Price: $1,678,280 ($4.00/SF)
    • Size: 9.632 acres (419,569 SF), divisible
    • Zoning: Commercial/Light Industrial
    • Frontage: US Hwy 77 (957 ft), Free Market Dr (807 ft), Shawnee Rd (255 ft), Deercreek Dr (271 ft)
    • Utilities: Rockett SUD water (8" line), electricity; aerobic systems
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Red Oak
    County
    Ellis
    State
    Texas
    Longitude
    -96.7708138
    Latitude
    32.5135255

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    FAQs

    What type of property is this?
    Land - 9.63 Acres, US 77 Frontage, Commercial/Light Industrial
    Where is this land located?
    The property is located at 101 Free Market Dr Red Oak, TX.
    What is the asking price?
    The asking price for this property is $1,678,280.
    What are key features of this property?
    This property features: Price: $1,678,280 ($4.00/SF); Size: 9.632 acres (419,569 SF), divisible; Zoning: Commercial/Light Industrial
    Request Owner's contact information
    101 Free Market Dr 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
    101 Free Market Dr Red Oak, TX 75154
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