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    1137 Milrany Ln Melissa, TX 75454

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    For Sale
    Contact for pricing

    62.12-acre tract in McKinney, TX, ideal for residential development.

    Lot size:
    62.12 Acres

    Property Features for 1137 Milrany Ln

    General Information

    Lot size
    62.12 Acres

    Source: Tabani Realty Agent Salman "Sam" R. Tabani

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    62.12 Acres Development Opportunity

    This 62.12-acre tract of land presents a prime development opportunity in McKinney, Texas, a rapidly growing community in North Texas. The property is ideally positioned with close access to U.S. Highway 75, State Highway 121, and State Highway 5. It offers exceptional potential for a master-planned residential community, single-family homes, or multi-phase housing development. The shovel-ready project is poised for construction. The land's location in one of Collin County’s most desirable growth corridors, coupled with strong population growth, rising demand for amenities, and increasing economic activity in the area, makes it an attractive investment for developers.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Auto Repair Shop HVAC Service Accounting Firm Computer & Electronic Repair Tech Support Center Pet Grooming Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Melissa
    County
    Collin
    State
    Texas
    Longitude
    -96.5491427
    Latitude
    33.2658666

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    FAQs

    What type of property is this?
    Land - 62.12-acre tract in McKinney, TX, ideal for residential development.
    Where is this land located?
    The property is located at 1137 Milrany Ln Melissa, TX.
    What are key features of this property?
    This property features: - Large 62.12-acre development opportunity.; - Located in fast-growing McKinney, TX.; - Shovel-ready project for construction.
    (214) 226-7500
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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
    1137 Milrany Ln Melissa, TX 75454
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