I-35E And Red Oak Rd Red Oak, TX 75154
This exceptional 28.8-acre commercial development site in Red Oak, Texas, presents a unique mixed-use opportunity. Strategically located at the southwest quadrant of Red Oak Road and I-35E, this property boasts unparalleled highway visibility. The site is divided into five tracts, offering flexibility for various development scenarios. Tract 1 encompasses 15.18 acres, featuring approximately 670 feet of frontage on Red Oak Road and 1,100 feet on Waterview Parkway. Tract 2, a 5.83-acre parcel, provides high visibility from I-35E, with approximately 1,117 feet of frontage on the I-35E access road and 1,100 feet on Waterview Parkway. Tract 3 (1.63 acres) and Tract 4 (5 acres) are situated at the northwest and southwest corners of the I-35E frontage road and Waterview Parkway, respectively, and offer significant highway exposure. Combining Tracts 3 and 4 creates a 7.46-acre parcel. Finally, Tract 5 comprises 1.19 acres at the southwest corner of the I-35E frontage road and Waterview Parkway. The property is zoned HO – Highway Overlay PD and is adjacent to Red Oak City Hall, featuring a 7-acre lake with walking trails and fishing opportunities. This prime location offers significant potential for a variety of commercial developments, capitalizing on its high visibility and convenient access to major transportation arteries. The assemblage of tracts allows for large-scale development or the creation of smaller, individual projects.
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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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.