0 Ovilla Rd Red Oak, TX 75154
This exceptional 3.68-acre commercial land parcel, located in Red Oak, Texas, presents a unique investment opportunity. Situated at the intersection of East Ovilla Road and Little Creek Trail, this property boasts 480 feet of frontage on Ovilla Road, a major thoroughfare with a high traffic volume of 15,267 vehicles per day (VPD as of 2019). The property's zoning is NB (Neighborhood Business), allowing for a variety of commercial uses. The lot, identified by APN 152550, is legally described as Lot PT 1 BLK 1 Little Creek, encompassing 3.6772 acres or 160,301 square feet. Its strategic location directly across from Schupmann Elementary School in the Red Oak Independent School District makes it highly visible and accessible. This prime location offers excellent potential for a wide range of commercial developments, benefiting from the substantial daily traffic flow and proximity to a well-established residential area. The Ellis County location and 75154 zip code further enhance its appeal. This is a rare opportunity to acquire a sizable commercial lot in a thriving Texas community.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.