Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Highway 5 Access Melissa Acreage Title is generated by Realmo AI

    1548/1572 Private Road 5039, Melissa, TX 75454

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,500,000

    +/- 11.1 Acres Land in Melissa, TX

    Property size:
    483,516 SF
    Lot size:
    11.10 Acres
    Price / SF:
    $9/SF
    Added:
    Jan 31, 2025
    Days on Market:
    471
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 1548/1572 Private Road 5039

    General Information

    Standard status
    Active
    Property type
    Other land, Agricultural land / Farmland, Residential land & home lots, Land
    Size
    483,516 SF
    Elevators
    N/A
    Lot size
    11.10 Acres

    We can help!

    Listing Contact
    Natalie Snyder Bode

    Listing agent Natalie

    Listing office

    Listing date Jan 31, 2025

    Overview

    This 11.1-acre property is located at the corner of Highway 5 and Private Road 5039 in Melissa, Texas. The land consists of two contiguous tracts totaling approximately 11.1 acres. It offers convenient access to Highway 5 and is served by the Dallas, Garland & Northeastern Railroad (DGNO), now part of Genesee & Wyoming Railroads. Situated in Collin County within the Melissa ISD, the land is zoned AG. Permitted uses under the City of Melissa's Agricultural District zoning include single-family dwellings, accessory structures, temporary construction yards, farm/ranch operations, gardens, orchards, governmental offices, parks, playgrounds, private utilities, public schools, and solar panel systems. The property is not divisible; the sale includes both tracts. This location offers potential for various development projects, given its size, highway access, and rail service. The property's zoning allows for a range of uses, from residential to agricultural and commercial ventures.
    Location Intelligence

    Current Use by Public Records

    Land

    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
    County
    Collin
    State
    Texas
    Longitude
    -96.584
    Latitude
    33.28

    Nearby Similar for Sale

    • $225,000

      Downtown Melissa Investment Opportunity

      Prime land in downtown Melissa with redevelopment potential.
      3201 N Central Street, Melissa, TX 75454
      View Details
    • $555,824

      Prime Land Near Buccee's, HEB

      1.16 acres in Melissa, near major retailers.
      1515 S Fannin Road, Melissa, TX 75454
      View Details
    • $3,796,907

      Unimproved Land in Melissa, TX

      Prime land for development in fast-growing Melissa, Texas.
      000 Milrany Lane, Melissa, TX 75454
      View Details
    • $2,485,000

      Land Ready for Development

      9.941 acres in a high-growth area, ready for development.
      5598 County Road 413, Melissa, TX 75454
      View Details
    • $145,000

      Prime 1-Acre Tract in Melissa

      High-growth location between I-75 and Hwy. 5, great accessibility.
      0 County Road 364, Melissa, TX 75454
      View Details
    • $1,175,000

      Land with Commercial Potential

      Two-parcel property near Hwy 121 with residential structures.
      2011 Miller Road, Melissa, TX 75454
      View Details
    • $4,500,000

      Unimproved Land in Collin County

      29.31 acres of unzoned land in Melissa, Texas.
      5215 COUNTY ROAD 277, Melissa, TX 75454
      View Details
    • $1,500,000

      6 Acres of Ag Exempt Land

      6 acres in Melissa, TX, suitable for residential or commercial.
      3930 Sherley Lane, Melissa, TX 75454
      View Details
    • $8,500,000

      25 Acre Land Package, Melissa

      25 acres in Melissa ETJ, ideal for development.
      1630 Milrany Lane, Melissa, TX 75454
      View Details
    • $540,000

      Highway 121 Frontage Land Parcel

      15,030 SF parcel on Highway 121 in Melissa, TX.
      6183 Nugent St, Melissa, TX 75454
      View Details
    • $175,000

      Residential Land in Melissa, TX

      Cleared homesite in Auburndale, Melissa ISD. Build your dream home!
      316 Miramar Avenue, Melissa, TX 75454
      View Details
    • $6,400,000

      Land in Melissa, Texas

      34.152 acres of land for sale in Melissa, TX.
      5577 County Road 413, Melissa, TX 75454
      View Details

    FAQs

    What type of property is this?
    Land - +/- 11.1 Acres Land in Melissa, TX
    Where is this land located?
    The property is located at 1548/1572 Private Road 5039 Melissa, TX.
    What is the asking price?
    The asking price for this property is $4,500,000.
    (214) 215-9231
    We can help!
    Listing Contact
    Natalie Snyder Bode
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1548/1572 Private Road 5039, Melissa, TX 75454
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!