0 Westmoreland Rd Red Oak, TX 75154
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.