110 Louise Ritter Boulevard
About This Property
Surrounded by established and expanding businesses, the site is well-suited for a restaurant, retail store, medical office, professional services, or other commercial use. Red Oak continues to see strong commercial growth, offering a prime opportunity for investors, developers, and business owners seeking long-term potential in a strategic location.
Don't miss this rare opportunity to secure a prime commercial site in one of Ellis County's fastest-growing markets.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 24, 2026 | Price Decreased |
$200,000
↓ $50K
(20%) | |
| Price Decreased | |||
| Aug 23, 2026 | Price Decreased |
$250,000
↓ $100K
(28.6%) | |
| Price Decreased | |||
| Aug 7, 2026 | Listed by Redfin Corporation | $350,000 | |
| Listed by Redfin Corporation | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017