0 Reese Dr Red Oak, TX 75154
This exceptional 4.18-acre commercial land parcel presents a remarkable investment opportunity in the thriving city of Red Oak, Texas. Strategically located in Ellis County, this property boasts unparalleled visibility, fronting a Walmart Supercenter and enjoying convenient access to the heavily trafficked I-35E at Ovilla Road. The site is zoned for commercial use, offering flexibility for a wide range of development possibilities. The existing single building on the property provides potential for redevelopment or repurposing, while the expansive lot size allows for significant expansion or the construction of multiple buildings. With a minimum divisible square footage of zero, this property is suitable for various project scales. The maximum contiguous square footage is also unconstrained, offering developers significant flexibility in their plans. This prime location, combined with its high-traffic exposure and commercial zoning, makes this an ideal site for businesses seeking maximum visibility and accessibility. The property's proximity to major transportation arteries ensures easy access for customers and employees alike. This is a rare opportunity to acquire a substantial commercial land parcel in a rapidly growing area with significant potential for future appreciation. The address is on Reese Dr., Red Oak, TX 75154.
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.
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.