Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    New Retail Spaces For Lease Title is generated by Realmo AI

    3115 Milrany Ln, Melissa, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    New retail spaces available in a high-growth Texas community.

    Type:RETAIL
    Property size:
    10,343 SF
    Lot size:
    1.03 Acres
    Added:
    Jul 23, 2025
    Days on Market:
    303
    Last Refresh:
    Apr 5 at 9:37 pm

    Property Features for 3115 Milrany Ln

    General Information

    Standard status
    Active
    Size
    10,343 SF
    Lot size
    1.03 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 3115 Milrany Ln Contact us

    We can help!

    Listing Contact
    Preston Taylor
    Preston Taylor

    Listing agent Preston Taylor License #579746

    Listing office Appian Commercial Realty

    Listing date Jul 23, 2025

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Appian Commercial Realty

    HighLights

    • Located in Melissa, TX, one of North Texas’ fastest‑growing communities.
    • Brand‑new retail spaces with high‑end finishes.
    • Excellent visibility and convenient access to Highway 75.
    • Flexible floor plans suitable for various businesses (boutiques, salons, cafes, professional services).
    • Strong local demographics and steady residential growth.
    • Ample parking and pedestrian‑friendly layout.

    Overview

    New retail spaces are available for lease at 3115 Milrany Drive in Melissa, TX. The modern development offers flexible floor plans and high-end finishes. The property is located minutes from Highway 75 and offers excellent visibility. The property is suitable for boutiques, salons, cafes, and professional services. The location is positioned to become a key retail destination in the area due to strong local demographics and steady residential growth. The property features ample parking and a pedestrian-friendly layout. The property has a total size of 10343 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Melissa
    County
    Collin
    State
    Texas
    Longitude
    -96.5413121
    Latitude
    33.2901566

    Nearby Similar for Lease

    • $38 SF/Yr
      4,586 SF

      Retail Space in Melissa, Texas

      Retail space available in a high-traffic area with ample parking.
      3114-3116 McKinney St, Melissa, TX
      View Details
    • $30 SF/Yr
      3,400 SF

      Retail, Medical, and Office Space

      New retail, medical, and office building near major highways.
      McKinney St & W Fannin Rd, Melissa, TX
      View Details
    • Contact for pricing
      16,394 SF

      Retail Space in Growing City

      Retail property with high visibility and easy access.
      2211 Central Expy, Melissa, TX
      View Details
    • $38 SF/Yr
      20,000 SF

      Retail Strip Center For Lease

      Retail strip center with highway frontage, estimated delivery Q2 2027.
      2401 McKinney St, Melissa, TX 75454
      View Details
    • Contact for pricing
      1,538 SF

      Retail, Medical, and Office Space

      New building near highways with restaurant space and entertainment area.
      1502 Harrison St, Melissa, TX
      View Details
    • Contact for pricing
      3,078 SF

      Retail, Medical, and Office Space

      New retail space near 121 & 75 in Melissa, TX.
      2903 McKinney St, Melissa, TX
      View Details
    • Contact for pricing
      2,100 SF

      Retail Space on Sam Rayburn

      Retail space with high traffic and convenient access.
      3022 Sam Rayburn Hwy, Melissa, TX
      View Details
    • Contact for pricing
      6,300 SF

      Retail Building Available Fall 2024

      6,300 SF retail building available in Fall 2024.
      2206 River Trl, Melissa, TX
      View Details
    • Contact for pricing
      8,368 SF

      Retail/Restaurant Space Near HEB, Buc-ee's

      Shell space available near HEB and Buc-ee's.
      340 Bucees Blvd, Melissa, TX
      View Details
    • Contact for pricing
      11,925 SF

      Retail/Restaurant Space Near Future HEB

      Retail/Restaurant space available for lease near future HEB.
      1831 E Melissa Rd, Melissa, TX
      View Details
    • Contact for pricing
      7,600 SF

      Proposed Mixed-Use Development in Melissa

      22-acre mixed-use development opportunity in rapidly growing Melissa, Texas.
      2750 State Hwy 121, Melissa, TX
      View Details
    • Contact for pricing
      6,300 SF

      Retail Space Available For Rent

      Retail space available, 6,300 SqFt, Melissa, TX.
      SWQ Melissa Rd & TX-5, Melissa, TX 75454
      View Details

    FAQs

    What type of property is this?
    Retail space - New retail spaces available in a high-growth Texas community.
    Where is this retail space located?
    The property is located at 3115 Milrany Ln Melissa, TX.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: Located in Melissa, TX, one of North Texas’ fastest‑growing communities.; Brand‑new retail spaces with high‑end finishes.; Excellent visibility and convenient access to Highway 75.
    (972) 562-9988 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Preston Taylor
    Preston Taylor
    Real Estate License ID: 579746
    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
    3115 Milrany Ln, Melissa, TX
    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!