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    Red Oak Texas 75154 Pierce Rd Red Oak, TX 75154

    For Sale
    $1,250,000

    Prime Ellis County land: Ag, Commercial, Residential potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 12.5-acre property in Red Oak, Texas, presents a unique investment opportunity. Located in unincorporated Ellis County, this versatile land boasts a multitude of potential uses. Currently utilized for agricultural purposes and benefiting from an agricultural exemption, the property is readily adaptable for residential, commercial, or even industrial development, subject to zoning approvals. The entire perimeter is securely enclosed with a sturdy T-post, no-climb, horse fence, ensuring privacy and security. Essential utilities are readily accessible; water and electricity are available, requiring only meter installations. Sewer availability is anticipated in the near future. The property enjoys excellent visibility with 157 feet of frontage along Pierce Road, directly across from Oglesby Road, providing significant exposure. For those seeking an even larger holding, an additional 4 acres are available for purchase, offering the potential for expansion. This property is priced at $1,250,000 and offers a compelling blend of existing agricultural use and significant future development potential. The location in Red Oak, Texas, provides convenient access to nearby amenities and transportation routes. This is a rare opportunity to acquire a substantial parcel of land with diverse development possibilities in a rapidly growing area.

    Property Features for Red Oak Texas 75154 Pierce Rd

    General Information

    Property type
    Farms
    Lot Size
    544,500 SF

    HighLights

    • $1,250,000 asking price.
    • 12.5‑acre land parcel in Red Oak, Texas.
    • Agricultural use with exemption; potential for residential, commercial, or industrial zoning.
    • Perimeter fenced; water and electric available (meters needed); sewer availability coming soon.
    • 157 feet of frontage on Pierce Road.
    • Adjacent 4‑acre parcel also available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Auto Repair Shop Hotel & Motel Auto Parts Store HVAC Service Bar & Pub Electrical Service Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Red Oak
    County
    Ellis
    State
    Texas
    Longitude
    -96.7791849
    Latitude
    32.5167026

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    FAQs

    What type of property is this?
    Farm - Prime Ellis County land: Ag, Commercial, Residential potential.
    Where is this farm located?
    The property is located at Red Oak Texas 75154 Pierce Rd Red Oak, TX.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: $1,250,000 asking price.; 12.5-acre land parcel in Red Oak, Texas.; Agricultural use with exemption; potential for residential, commercial, or industrial zoning.
    Request Owner's contact information
    Red Oak Texas 75154 Pierce 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
    Red Oak Texas 75154 Pierce Rd Red Oak, TX 75154
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