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    3510 Sam Rayburn Hwy Melissa, TX 75454

    For Sale
    Contact for pricing

    26,720 SF Warehouse, 10.98 Acres, Seller Financing

    Property size:
    26,720 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional industrial property in Melissa, Texas, presents a compelling investment opportunity. Located at 3510 Sam Rayburn Hwy, Collin County, 75454, this single-tenant facility boasts a substantial 26,720 square feet, encompassing approximately 20,250 square feet of warehouse space, 6,000 square feet of office space, and 15,900 square feet of covered outdoor storage. The property sits on a 10.98-acre lot, with 8.37 usable acres entirely paved with concrete, ideal for various industrial uses. The building features 3-phase power. Currently leased to US LBM under a 10-year lease commencing September 1, 2021, with seven years remaining. The lease includes one five-year renewal option. The current base rent is $21,000 per month ($252,000 annually), significantly below market value. A $3,000 per month increase is stipulated upon exercising the renewal option, resulting in a base rent of $24,000 per month ($288,000 annually). The property is zoned for industrial use and seller financing is available. This property offers a strong cash flow with significant upside potential. The concrete yard provides ample space for storage, operations, and logistics. This is a rare opportunity to acquire a well-located, fully leased industrial property with significant long-term value.

    Property Features for 3510 Sam Rayburn Hwy

    General Information

    Property type
    Distribution properties
    Square Feet
    26,720 SF
    Lot Size
    478,289 SF

    HighLights

    • Fully leased to US LBM.
    • 26,720 SF building with 20,250 SF warehouse, 6,000 SF office, and 15,900 SF covered outdoor storage; 3‑phase power.
    • 10.98‑acre lot with 8.37 usable acres of fully paved concrete yard.
    • Industrially zoned.
    • 10‑year lease commencing September 1, 2021, with one 5‑year renewal option.
    • Current base rent: $21,000/month ($252,000 annually), below market; rent increases to $24,000/month ($288,000 annually) upon renewal.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Melissa
    County
    Collin
    State
    Texas
    Longitude
    -96.5411989
    Latitude
    33.2943114

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    FAQs

    What type of property is this?
    Distribution property - 26,720 SF Warehouse, 10.98 Acres, Seller Financing
    Where is this distribution property located?
    The property is located at 3510 Sam Rayburn Hwy Melissa, TX.
    What are key features of this property?
    This property features: Fully leased to US LBM.; 26,720 SF building with 20,250 SF warehouse, 6,000 SF office, and 15,900 SF covered outdoor storage; 3-phase power.; 10.98-acre lot with 8.37 usable acres of fully paved concrete yard.
    Request Owner's contact information
    3510 Sam Rayburn Hwy 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
    3510 Sam Rayburn Hwy Melissa, TX 75454
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