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    1906 Bear Creek Rd Red Oak, TX 75154

    For Sale
    $1,685,000

    19.34 Acres, Industrial Zoning, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 19.34-acre industrial development site is strategically located in Ovilla, Texas, at 1906 Bear Creek Rd, offering unparalleled potential for commercial and industrial ventures. Zoned Industrial (I), this property allows for a wide range of uses, making it a highly versatile investment opportunity. Its prime location between S Duncanville Rd. and S Cockrell Hill Rd. provides easy access to major transportation arteries. Less than four and a half miles from both I-35E and US-67, this site ensures seamless connectivity for logistics and distribution. The property is the only industrial development site within Ovilla city limits, presenting a unique opportunity for businesses seeking a prominent presence in a rapidly growing area. Its adjacency to the proposed Loop 9 Segment A alignment, connecting US-67 to I-35E, further enhances its strategic value. The surrounding area is experiencing significant residential growth, with nearby developments like First Texas' Bear Creek and D.R. Horton's Stone Hill subdivisions contributing to a burgeoning population. Projected population growth of 5.2% between 2024 and 2029 underscores the increasing demand for commercial development in this location. The APN is 65120219610030000. This property presents a rare opportunity to capitalize on the robust growth and

    Property Features for 1906 Bear Creek Rd

    General Information

    Property type
    Land
    Lot Size
    842,450 SF

    HighLights

    • 19.34‑acre industrial tract in Ovilla, TX, on Bear Creek Rd. between S Duncanville Rd. and S Cockrell Hill Rd.
    • Less than 4.5 miles to I‑35E and US‑67.
    • Ovilla I‑zoned land, suitable for diverse industrial and commercial uses.
    • Ovilla's only industrial development site.
    • Adjacent to proposed Loop 9 Segment A, connecting US‑67 and I‑35E.
    • Near new residential communities (Bear Creek & Stone Hill).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Red Oak
    County
    Dallas
    State
    Texas
    Longitude
    -96.7708138
    Latitude
    32.5135255

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    FAQs

    What type of property is this?
    Land - 19.34 Acres, Industrial Zoning, Prime Location
    Where is this land located?
    The property is located at 1906 Bear Creek Rd Red Oak, TX.
    What is the asking price?
    The asking price for this property is $1,685,000.
    What are key features of this property?
    This property features: 19.34-acre industrial tract in Ovilla, TX, on Bear Creek Rd. between S Duncanville Rd. and S Cockrell Hill Rd.; Less than 4.5 miles to I-35E and US-67.; Ovilla I-zoned land, suitable for diverse industrial and commercial uses.
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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
    1906 Bear Creek Rd Red Oak, TX 75154
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