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    Swq Melissa Rd & Mckinney St Melissa, TX 75454

    Sponsored
    For Sale
    $5,150,970

    10.75 Acres, $5.15M, High Growth

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10.75-acre tract of land presents a unique investment opportunity in the thriving city of Melissa, Texas. Located at the intersection of SWQ Melissa Road and McKinney Street, this property boasts convenient access to major transportation arteries, including Sam Rayburn Highway and I-75, ensuring seamless connectivity for businesses and residents. The land is zoned for both agricultural and commercial uses, offering considerable flexibility for development. The asking price is $5,150,970, translating to $11 per square foot. This strategic location places the property within the heart of Melissa's rapidly expanding community, a region experiencing significant residential growth with over 6,000 single-family and 872 multi-family units planned. While on-site detention is required, the potential for substantial return on investment is undeniable, given the area's robust development trajectory and prime location. This property is ideal for developers seeking a foothold in a burgeoning market or investors looking for a strong, long-term asset. The property's size and location make it suitable for a variety of commercial ventures, capitalizing on the area's increasing population and demand for commercial space. Serious inquiries are encouraged. The zip code is 75454.

    Property Features for 0 Swq Melissa Rd & Mckinney St

    General Information

    Property type
    Farms
    Lot Size
    468,270 SF

    HighLights

    • $5,150,970 asking price.
    • 10.75‑acre land parcel.
    • $11 per square foot land value.
    • Located near Sam Rayburn Hwy and I‑75, offering excellent access to major transportation routes.
    • Situated in rapidly growing Melissa, TX, with significant residential development planned.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Melissa
    County
    Collin
    State
    Texas
    Longitude
    -96.580149485505
    Latitude
    33.284064906756

    Nearby Comparable

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Farm - 10.75 Acres, $5.15M, High Growth
    Where is this farm located?
    The property is located at Swq Melissa Rd & Mckinney St Melissa, TX.
    What is the asking price?
    The asking price for this property is $5,150,970.
    What are key features of this property?
    This property features: $5,150,970 asking price.; 10.75-acre land parcel.; $11 per square foot land value.
    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
    Swq Melissa Rd & Mckinney St Melissa, TX 75454
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