Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Red Oak Land with Creek Title is generated by Realmo AI

    Westmoreland Road lot 17, Red Oak, TX 75154

    View on Map
    Claim this Listing
    For Sale
    $250,000

    LAND - Red Oak, TX

    Lot size:
    1.80 Acres
    Added:
    Mar 4, 2026
    Days on Market:
    91
    Last Refresh:
    Jun 3 at 8:06 pm

    Property Features for Westmoreland Road lot 17

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    277087
    Lot size
    1.80 Acres

    Utilities

    Water front features
    Creek
    Water front
    1

    We can help!

    Listing Contact
    Leah Martinek

    Listing agent Leah Martinek License #0823650

    Listing office Keller Williams Realty Waxahachie, TX

    Listing date Mar 4, 2026

    MLS# 21183575 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1.803‑acre homesite with creek frontage in a luxury gated community.
    • Located outside city limits in Ellis County, offering a scenic and peaceful setting.
    • Part of the preconstruction phase of The Estates of Windsor, an exclusive community 30 minutes from Downtown Dallas.
    • Private, deed‑restricted neighborhood with preferred builders, ensuring long‑term value and architectural integrity.
    • Estate‑sized lot suitable for building a custom home of at least 3,000 square feet.
    • Gated entrance and Homeowners Association for added security and community governance.

    Overview

    Lot 17 is a 1.803-acre homesite with creek frontage located in the Estates of Windsor, a luxury gated community currently in the preconstruction phase in Red Oak, Texas, approximately 30 minutes south of Downtown Dallas. Situated in Ellis County and outside city limits, this lot provides a scenic and peaceful setting with mature trees and access to one of the community's two natural creeks. It is suitable for building a custom estate home in a private, deed-restricted neighborhood designed to protect long-term value and architectural integrity. The Estates of Windsor will feature 22 estate-sized lots ranging from just over one acre to more than two acres. The community will include a gated entrance and be governed by a Homeowners Association. Only preferred builders are allowed, and homes must be a minimum of 3,000 square feet, maintaining the luxury character of the development. This lot offers the opportunity to secure a generous lot in a premier location.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Red Oak
    County
    Ellis
    State
    Texas
    Longitude
    -96.87407056
    Latitude
    32.51775044

    Nearby Similar for Sale

    • $850,000

      Freestanding Retail Building with Signalized Access

      Freestanding retail building on a signalized intersection, providing strong roadside visibility and flexible space for service and office uses.
      276 Lesliewood, Red Oak, TX 75154
      View Details
    • $950,000

      High-Visibility Auto Redevelopment Site

      Retired gas station with highway-oriented flexibility and prominent, hill-crest visibility for reconfiguration or rebuild.
      300 S Interstate 35 Road, Red Oak, TX 75154
      View Details
    • $190,000

      Commercial Building with Road Frontage

      Zoned commercial and updated throughout, offering strong visibility with 100 feet of road frontage near major employers and retail.
      329 N State Highway 342, Red Oak, TX 75154
      View Details
    • $619,000

      Commercial Corner Development Tract

      A highly visible corner tract with strong highway and lane frontage for flexible commercial development.
      Hawk Lane lot: 12B, Red Oak, TX 75154
      View Details
    • $2,000,000

      8-Unit Duplex Investment Property

      Turnkey 8-unit duplex offers immediate rental income, ample parking, and practical layouts on a spacious lot.
      600 Pratt Road, Red Oak, TX 75154
      View Details
    • $1,557,000

      Industrial Land on Highway Frontage

      Versatile 6.5-acre tract ideal for industrial storage, garages, a strip center, or freestanding buildings.
      N State Highway 342, Red Oak, TX 75154
      View Details
    • $1,200,000

      Commercial Land Development Opportunity

      Multi-utility acreage with ponds and creek, currently zoned for residential and small agricultural use with potential commercial rezoning.
      1851 Stainback Road, Red Oak, TX 75154
      View Details
    • $1,557,000

      Industrial Development Land

      Two-parcel tract along Hwy 342 and parallel to railroad tracks, suited for industrial storage or retail-style development.
      N Highway 342, Red Oak, TX 75154
      View Details
    • $130,000

      Planned Development Land Parcel

      Cornered by residential properties, this zoned PD-115 site supports a broad range of C-1 permitted uses for development opportunities.
      103 S Lenard Street, Red Oak, TX 75154
      View Details
    • $675,000

      Corner Retail Development Lot

      Corner commercial lot positioned for retail, QSR, or a family restaurant near major roadway access.
      TBD 1.49 acre Ovilla Road, Red Oak, TX 75154
      View Details
    • $799,900

      Commercial Land on Highway 342

      Flexible acreage suited for industrial storage, garages, or retail strip development near rail access.
      N Highway 342, Red Oak, TX 75154
      View Details
    • $1,750,000

      Red Oak Hard Corner Land

      7.27 acres at the northwest corner of SH 342.
      Highway 342, Red Oak, TX 75154
      View Details

    FAQs

    What type of property is this?
    Land - 1.803-acre homesite with creek frontage in luxury gated community.
    Where is this land located?
    The property is located at Westmoreland Road lot 17 Red Oak, TX.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: 1.803‑acre homesite with creek frontage in a luxury gated community.; Located outside city limits in Ellis County, offering a scenic and peaceful setting.; Part of the preconstruction phase of The Estates of Windsor, an exclusive community 30 minutes from Downtown Dallas.
    (972) 935-5251
    We can help!
    Listing Contact
    Leah Martinek
    Real Estate License ID: 0823650
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Westmoreland Road lot: 17, Red Oak, TX 75154
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!