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    & TX-5 Nec Melissa Rd Melissa, TX 75454

    Sponsored
    For Lease
    Contact for pricing

    Prime Retail Space, 10,000 SF Available

    Lot size:
    29,494 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property, known as Legacy Ranch, presents a significant opportunity for businesses seeking a prominent location in the thriving Melissa, Texas market. Situated at the northeast corner of Melissa Road and TX-5, this single-tenant building offers 29,494 square feet of total space, with 10,000 square feet currently available for lease. The property boasts a convenient location with high visibility and excellent access to major roadways, ensuring strong foot traffic and easy accessibility for customers. The 1.06-acre lot provides ample space for parking and potential future expansion. The building's classification is retail commercial, making it ideal for a variety of businesses. Located in Randall County, Texas, with a 75454 zip code, this property benefits from the area's growing population and robust economic activity. The property's strategic location and substantial square footage make it an attractive option for businesses seeking to establish or expand their presence in this dynamic market. This is a rare opportunity to secure a prime retail space in a rapidly developing area. The property is currently available for lease and offers a blank canvas for a discerning tenant to create a thriving business. Interested parties are encouraged to inquire for further details and leasing information.

    Property Features for & TX-5 Nec Melissa Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    29,494 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    10,000 SF

    HighLights

    • 10,000 SF retail center with drive‑thru available.
    • 1.06‑acre pad site.
    • Part of a new mixed‑use development including 158 townhomes and retail space.
    • Adjacent to the 1,708‑acre Trinity Falls master‑planned community with 4,287 planned homes.
    • Melissa, TX experienced 17.6% population growth (8,000 in 2015 to 20,000 in 2022).
    • Underserved retail market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Melissa
    County
    Randall
    State
    Texas
    Longitude
    -96.574715
    Latitude
    33.2844667

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Space, 10,000 SF Available
    Where is this retail property located?
    The property is located at & TX-5 Nec Melissa Rd Melissa, TX.
    What are key features of this property?
    This property features: 10,000 SF retail center with drive-thru available.; 1.06-acre pad site.; Part of a new mixed-use development including 158 townhomes and retail space.
    Request Owner's contact information
    & TX-5 Nec Melissa Rd Melissa, TX 75454
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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
    & TX-5 Nec Melissa Rd Melissa, TX 75454
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