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    Melissa Rd Melissa, TX 75454

    Sponsored
    For Sale
    Contact for pricing

    Prime 3.82-acre commercial lot ideal for townhome development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3.82-acre commercial land parcel presents a unique build-to-rent opportunity in the thriving city of Melissa, Texas. Situated just south of E Melissa Road and west of Milrany Lane, this property is strategically located within a planned development specifically designed for townhome construction, allowing for a high-density build-out of up to 172 units at a rate of 12.8 units per acre. The site benefits from its proximity to major retail developments, including a future H-E-B less than three miles away and a future Kroger less than one mile away, ensuring strong tenant demand. Families will be drawn to the property's location within the highly-rated Melissa ISD school district. Furthermore, its convenient access to major transportation arteries, including Highway 121, US-75, and the Collin County Outer Loop, provides excellent connectivity for residents. This property offers investors a compelling combination of prime location, high-density potential, and strong market fundamentals, making it an exceptional investment opportunity in a rapidly growing area. The permitted zoning is specifically for Build to Rent, streamlining the development process. The Collin County location adds to the appeal of this exceptional property.

    Property Features for 0 Melissa Rd

    General Information

    Property type
    Land
    Lot Size
    166,399 SF

    HighLights

    • Prime Melissa, TX location, south of Melissa Rd and west of Milrany Ln.
    • Planned development zoning allows for high‑density townhome rental community (12.8 units/acre, up to 172 units total).
    • Proximity to future H‑E‑B (<3 miles) and Kroger (<1 mile).
    • Located within the highly‑rated Melissa ISD.
    • Excellent access to major roadways: Hwy 121, US‑75, and Collin County Outer Loop.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Melissa
    County
    Collin
    State
    Texas
    Longitude
    -96.5746039
    Latitude
    33.2846424

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    FAQs

    What type of property is this?
    Land - Prime 3.82-acre commercial lot ideal for townhome development.
    Where is this land located?
    The property is located at Melissa Rd Melissa, TX.
    What are key features of this property?
    This property features: Prime Melissa, TX location, south of Melissa Rd and west of Milrany Ln.; Planned development zoning allows for high-density townhome rental community (12.8 units/acre, up to 172 units total).; Proximity to future H-E-B (<3 miles) and Kroger (<1 mile).
    Request Owner's contact information
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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
    Melissa Rd Melissa, TX 75454
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