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    2302 Sam Rayburn Hwy Melissa, TX 75454

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    Sponsored
    For Sale
    $2,700,961

    6,938 SF, 100% Leased Medical Building

    Property size:
    6,938 SF

    Property Features for 2302 Sam Rayburn Hwy

    General Information

    Property type
    Medical Office Space
    Investment Type
    core
    Square Feet
    6,938 SF
    Class
    A
    Total Parking Spaces
    33
    Elevators
    N/A
    Net Rentable
    6,938 SF
    Lot Size
    32,670 SF
    Net Operating Income
    $168,810

    Building Details

    Year Built
    2018
    Buildings
    1
    Stories
    1

    Overview

    Leased Medical Building Investment Opportunity

    This 6,938 square foot medical office building is located in Melissa, Texas. Constructed in 2018, the property is situated on a 0.75-acre lot. The building is 100% occupied by two tenants: Melissa Dental & Orthodontics, part of the MB2 Dental network, and Goldfish Pediatrics & Urgent Care, both operating under NNN leases. The weighted average lease term exceeds 11 years. Located on Sam Rayburn Highway, the property benefits from high visibility and accessibility. The surrounding area has experienced significant residential and retail development, including nearby Walmart and H-E-B supercenters. The property's location, construction quality, and tenant mix contribute to its investment potential within the North Texas market. The property is intended for medical practices. The net operating income is $168,810.

    We can help!

    Listing Contact
    Antonio Diona

    Learn more

    Property Insight Report

    HighLights

    • 6,938 SF medical office building with a new 15‑year NNN lease extension.
    • Prime location near new Walmart & H‑E‑B, surrounded by thriving residential growth.
    • 100% occupied by MB2 Dental & Goldfish Pediatrics, offering strong, long‑term cash flow.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Melissa
    State
    Texas
    Longitude
    -96.569827
    Latitude
    33.277746

    Nearby Comparable

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      Highway Corner Land Parcel

      Land parcel near future HEB, Buc-ee’s, and Kroger.
      2322 Sam Rayburn Hwy, Melissa, TX 75454
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      Land in Growing Melissa Market

      2.9 acre pad site in growing Melissa market.
      1218 State Highway 121, Melissa, TX 75454
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      Prime Pad Site in Melissa

      Pad site in the heart of Melissa, Texas.
      2530 Sam Rayburn Hwy, Melissa, TX 75454
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      6.70 Acres

      West Village Melissa Land - Retail

      Prime 6.7-acre retail site in booming Melissa, TX.
      2136 Melissa Rd, Melissa, TX 75454
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      5,727 SF

      Melissa Retail Center - Legacy Ranch

      Prime Retail Space, High-Growth Area, TX
      & TX-5 Swq Melissa Rd, Melissa, TX 75454
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      3.82 Acres

      Melissa Land: Build-to-Rent Opportunity

      Prime 3.82-acre commercial lot ideal for townhome development.
      0 Melissa Rd, Melissa, TX 75454
      View Details
    • Contact for pricing

      38.78 Acre Corner Lot

      Corner lot in Anna, TX, with future industrial zoning.
      3101 Co Rd, Melissa, TX
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      Prime Land Tract Near Freeway

      3.029-acre land tract near US-75 and major developments.
      5086 Telephone Rd, Melissa, TX
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      Commercial Pad Sites For Sale

      Pad sites with all utilities, delivering Q3 2025.
      5840 N 75 Nb, Melissa, TX
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      Land for Sale in Melissa

      144.33 acres with frontage on Collin County Outer Loop.
      5 State Hwy, Melissa, TX
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    • $5,150,970
      10.75 Acres

      Prime Melissa, TX Commercial Land

      10.75 Acres, $5.15M, High Growth
      0 Swq Melissa Rd & Mckinney St, Melissa, TX 75454
      View Details
    • $525,000
      1,510 SF

      Prime Melissa Office Space

      High-visibility office/retail, great location!
      3121 Mckinney St, Melissa, TX 75454
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - 6,938 SF, 100% Leased Medical Building
    Where is this medical office space located?
    The property is located at 2302 Sam Rayburn Hwy Melissa, TX.
    What is the asking price?
    The asking price for this property is $2,700,961.
    What are key features of this property?
    This property features: 6,938 SF medical office building with a new 15-year NNN lease extension.; Prime location near new Walmart & H-E-B, surrounded by thriving residential growth.; 100% occupied by MB2 Dental & Goldfish Pediatrics, offering strong, long-term cash flow.
    (818) 442-4722
    Request Owner's contact information
    2302 Sam Rayburn Hwy Melissa, TX 75454
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    Melissa , TX 75454
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    2302 Sam Rayburn Hwy Melissa, TX 75454
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    We can help!
    Listing Contact
    Antonio Diona
    (818) 442-4722
    Learn more
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