0 Ovilla Rd & Santa Rosa Dr Glenn Heights, TX 75154
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.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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.