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Property profile & analytics

242 Ovilla Rd Red Oak, TX 75154

  • Commercial real estate
  • 280 SF
  • 0.36 lot acres
Value Estimation
$320,000
Last Sale
Jun 25, 2021
Location Intelligence
Property ID
US82-2470998
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 242 Ovilla Rd

Year built
1989
Lot size
0.36 lot acres
Property size
280 SF
Property type
Commercial real estate
APN
72.3090.902.001.98.111
APU
72309090200198111

Description

Red Oak Ranch Center offers exceptional retail space in a thriving Ellis County location. This multi-tenant center, built in 2022, boasts a total of 10,000 square feet situated on a 1.19-acre lot. The property features a Class B building with excellent visibility due to its hard corner location and Ovilla Road frontage. Currently, there is space available ranging from 1,500 to 8,500 contiguous square feet, making it ideal for a variety of retail businesses. The center is anchored by Shipley Donuts, benefiting from the high traffic and established customer base of this popular brand. The surrounding area exhibits a dense concentration of retail, office, and residential properties, ensuring a strong customer base and high foot traffic for potential tenants. The property's strategic location and modern construction make it an attractive opportunity for businesses seeking a prominent presence in a rapidly growing market. The minimum divisible space is 1,500 square feet, offering flexibility for businesses of various sizes. This is a unique opportunity to establish or expand your business in a vibrant and well-positioned retail center. The single building structure provides a cohesive and easily managed space.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $315,000
  • CAP approach

    CAP return
    Estimation
    6%
    $320,000
    6.5%
    $360,000
    7%
    $345,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $290,000
    Geo Method
    $330,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $350,000
    Retail
    $340,000
    Mixed-Use
    $370,000
    Hospitality
    $335,000
    Educational
    $340,000
    Residential Income
    $285,000
    Energy
    $295,000
    Income-Based Land
    $380,000
    Food Service
    $335,000

Location Insight

  • Map
  • Local Demand
City
Red Oak
County
Ellis
State
Texas
Longitude
-96.8092
Latitude
32.5322
CBSA code
19100
CBSA name
DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,789
$327,186
$0.00
$327,186
-
$327,186
$0.00
$327,186
More about this property
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