Red Oak Texas 75154 Pierce Rd Red Oak, TX 75154
This exceptional 12.5-acre property in Red Oak, Texas, presents a unique investment opportunity. Located in unincorporated Ellis County, this versatile land boasts a multitude of potential uses. Currently utilized for agricultural purposes and benefiting from an agricultural exemption, the property is readily adaptable for residential, commercial, or even industrial development, subject to zoning approvals. The entire perimeter is securely enclosed with a sturdy T-post, no-climb, horse fence, ensuring privacy and security. Essential utilities are readily accessible; water and electricity are available, requiring only meter installations. Sewer availability is anticipated in the near future. The property enjoys excellent visibility with 157 feet of frontage along Pierce Road, directly across from Oglesby Road, providing significant exposure. For those seeking an even larger holding, an additional 4 acres are available for purchase, offering the potential for expansion. This property is priced at $1,250,000 and offers a compelling blend of existing agricultural use and significant future development potential. The location in Red Oak, Texas, provides convenient access to nearby amenities and transportation routes. This is a rare opportunity to acquire a substantial parcel of land with diverse development possibilities in a rapidly growing area.
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.