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    5 Tbd State Hwy Melissa, TX 75454

    For Sale
    $1,960,000

    Unimproved Land - Melissa, TX

    Type:Unimproved Land
    Lot size:
    3.75 Acres
    Days on Market:
    280
    Last Refresh:
    Dec 9 at 10:06 pm

    Property Features for 5 Tbd State Hwy

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    R603300408801
    Lot size
    3.75 Acres

    Building Details

    Architectural style
    Other

    Resident Realty, LTD (512) 899-8309 [email protected]

    Listing agent Lea Ochs (214) 620-8933 License #0630837

    Listing date Mar 5, 2025

    MLS# 20860788 Listing URL

    Copyright © 2025 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Vacant Lot in Melissa

    This 3.75-acre vacant lot is situated in the heart of Melissa's rapidly expanding downtown district. The property is located close to Highway 5, approximately a 10-minute drive to McKinney, with access to Central Expressway, Highway 121, and the Collin County Outer Loop. Encompassed by residential, commercial, and retail developments and close to Melissa City Hall, this lot presents an opportunity for developers and investors. The property consists of two parcel IDs. Development plans are subject to approval by the City of Melissa, and prospective buyers are advised to consult with the City of Melissa to ensure alignment with local development guidelines.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Melissa
    County
    Collin
    State
    Texas
    Longitude
    -96.56942899
    Latitude
    33.29224672

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    FAQs

    What type of property is this?
    Land - 3.75 acre vacant lot in Melissa's growing downtown district.
    Where is this land located?
    The property is located at 5 Tbd State Hwy Melissa, TX.
    What is the asking price?
    The asking price for this property is $1,960,000.
    What are key features of this property?
    This property features: - Prime location in rapidly expanding downtown Melissa.; - 3.75 acre lot comprised of two parcels.; - Close proximity to HWY 5 and a 10-minute drive to McKinney.
    (214) 620-8933
    Request Owner's contact information
    5 Tbd State Hwy Melissa, TX 75454
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    Melissa, TX 75454
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5 Tbd State Hwy Melissa, TX 75454
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