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    & TX-5 Swq Melissa Rd Melissa, TX 75454

    For Sale
    Contact for pricing

    Prime Retail Space, High-Growth Area, TX

    Property size:
    5,727 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional retail opportunity in Melissa, Texas, presents a 5,727 square foot building ideally situated at the intersection of SWQ Melissa Rd and TX-5. The property is part of the thriving Legacy Ranch development, directly across from a planned Walmart Supercenter, ensuring high visibility and significant foot traffic. The building is available for sale or lease and is particularly well-suited for medical users. The surrounding area boasts impressive growth, with Melissa's population expanding from 8,000 in 2015 to 25,201 in 2023, representing a remarkable 17.6% annual growth rate. This translates to a significantly under-served retail market, presenting a unique investment opportunity with substantial potential for return. The larger development includes a ±12,400 square foot retail building with two endcap drive-thrus, and an additional ±6,696 square foot space with an endcap drive-thru is also available. A separate ±11,367 square foot office building is also under construction, with delivery expected in Fall 2024. This prime location within a rapidly expanding community offers a compelling proposition for businesses seeking to capitalize on a burgeoning market. The property's strategic placement and the area's robust growth trajectory make this an exceptional investment opportunity.

    Property Features for & TX-5 Swq Melissa Rd

    General Information

    Property type
    Retail properties
    Square Feet
    5,727 SF

    HighLights

    • ±12,400 SF retail building with two endcap drive‑thrus.
    • 6,696 SF space with an endcap drive‑thru available for lease.
    • 5,727 SF building available for sale or lease; ideal for medical users.
    • ±11,367 SF office building under construction, delivery Fall 2024.
    • High‑visibility location across from a planned Walmart Supercenter in the Legacy Ranch development.
    • Strong demographics: Melissa, TX population growth of 17.6% annually (8,000 in 2015 to 25,201 in 2023), creating an under‑served retail market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Melissa
    County
    Collin
    State
    Texas
    Longitude
    -96.574715
    Latitude
    33.2844667

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Space, High-Growth Area, TX
    Where is this retail property located?
    The property is located at & TX-5 Swq Melissa Rd Melissa, TX.
    What are key features of this property?
    This property features: ±12,400 SF retail building with two endcap drive-thrus.; 6,696 SF space with an endcap drive-thru available for lease.; 5,727 SF building available for sale or lease; ideal for medical users.
    Request Owner's contact information
    & TX-5 Swq 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 Swq Melissa Rd Melissa, TX 75454
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