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Property profile & analytics
OFF-MARKET
Land

0 Ovilla Rd & Santa Rosa Dr Glenn Heights, TX 75154

9.95 ac lot
Property ID
Property summary
AI-generated overview

This ±9.95-acre commercial land parcel presents a prime development opportunity in Glenn Heights, Texas. Located at the southeast corner of E Ovilla Rd (FM 664) and Santa Rosa Dr, in Dallas County, zip code 75154, this property boasts exceptional visibility and accessibility due to its location on a major thoroughfare. The site is zoned for Retail District (R), allowing for a variety of commercial uses, including restaurants (drive-throughs permitted with a Special Use Permit), retail, and office spaces. A conceptual plan already exists, suggesting three restaurant pad sites along Ovilla Road and a larger site at the rear. The property's strategic location is only 1.5 miles from the rapidly expanding Interstate 35E corridor in Ellis County, benefiting from high traffic counts and strong demographics. Significant population growth is projected for the area, with a 63.46% increase from 2010 to 2020 and a further anticipated 24.33% growth between 2022 and 2027. The surrounding area features numerous established retailers, including Walmart, Starbucks, and other national chains, creating a robust commercial environment. This site is divisible, offering flexibility for developers. The property's location and zoning make it an ideal investment for commercial development in a high-growth area.

Property profile
Verified
Property type Land
Lot 9.95 ac (433,466 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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