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Property profile & analytics
OFF-MARKET
Land

0 Westmoreland Rd Red Oak, TX 75154

8.7 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Land
Lot 8.7 ac (378,972 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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