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Property profile & analytics
OFF-MARKET
Land

Red Oak Texas 75154 Pierce Rd Red Oak, TX 75154

12.5 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 12.5 ac (544,500 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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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