Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5 Neq Of Us Hwy 380 & Hwy Melissa, TX 75071
    Back to Search
    Property profile & analytics

    5 Neq Of Us Hwy 380 & Hwy Melissa, TX 75071

    View on Map
    • Retail properties & Spaces
    • 11,500 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 5 Neq Of Us Hwy 380 & Hwy

    Property size
    11,500 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional 11,500-square-foot retail storefront, located at the northeast quadrant of US Hwy 380 & Hwy 5 in Melissa, Texas (Collin County, zip code 75071), presents a unique investment opportunity. The property sits on a sizable 1.63-acre lot and offers ample parking with 77 spaces, ensuring convenient access for customers. Currently vacant, this single-tenant space provides a blank canvas for a wide range of retail businesses. Its strategic location at a major highway intersection guarantees high visibility and significant traffic exposure, making it ideal for businesses seeking maximum brand awareness and customer reach. The building's substantial size allows for flexible floor plan configurations to accommodate diverse retail needs. The property is situated in Collin County, a rapidly growing area known for its strong economy and thriving retail sector. This presents a compelling opportunity for businesses looking to establish a strong presence in a dynamic market. The property's size, location, and parking capacity make it an attractive option for a variety of retail concepts. Serious inquiries are encouraged to explore the potential of this exceptional retail space. The property is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Melissa
    County
    Collin
    State
    Texas
    Longitude
    -96.5827
    Latitude
    33.2694

    Comparable in this City

    • Value Estimation by Request
      1.99 Acres

      8410 University Dr

      Individual retail properties • 1.99 Acres
      8410 University Dr, McKinney, TX 75071
      View Details
    • Value Estimation by Request
      20,007 SF

      Davis St

      Office properties & Spaces • 20,007 SF
      0 Davis St, McKinney, TX 75071
      View Details
    • Value Estimation by Request
      1.30 Acres

      380 & Lk Frst Dr

      Retail properties & Spaces • 1.30 Acres
      380 & Lk Frst Dr, McKinney, TX 75071
      View Details
    • Value Estimation by Request
      248,926 SF

      Sec Of Us-380 & Coit Rd

      Retail properties & Spaces • 248,926 SF
      0 Sec Of Us-380 & Coit Rd, McKinney, TX 75071
      View Details
    • Value Estimation by Request
      17,958 SF

      3791 Virginia Pkwy

      Lifestyle centers • 17,958 SF
      3791 Virginia Pkwy, McKinney, TX 75071
      View Details
    • Value Estimation by Request
      500,000 SF

      Sec Hwy 380 & Custer Rd

      Restaurants • 500,000 SF
      0 Sec Hwy 380 & Custer Rd, McKinney, TX 75071
      View Details

    Similar Nearby for Sale

    • $4,200,000
      7.72 Acres

      Multi-Use Potential Corner Lot

      7.72 acres in McKinney ETJ with commercial potential.
      3565 Fm 1461, McKinney, TX 75071
      View Details
    • Contact for pricing

      Retail Property in McKinney, Texas

      Retail property available for sale in McKinney, Texas.
      3791 Virginia Pkwy, McKinney, TX 75071
      View Details
    • Contact for pricing

      Highway 380 Frontage Development Opportunity

      6-acre parcel with highway frontage in McKinney ETJ.
      2855 County Road 407, Princeton, TX 75071
      View Details
    • $8,814,600
      15,398 SF

      Retail Space in Stonebridge Ranch

      New retail space in a master-planned community for sale.
      1800 N Stonebridge Dr, McKinney, TX 75071
      View Details
    • Contact for pricing
      16,918 SF

      Retail Space in McKinney Marketplace

      Retail opportunity at entrance to Sprouts and LA Fitness.
      9241 Virginia Pkwy, McKinney, TX 75071
      View Details
    • $8,814,600
      15,398 SF

      New Retail Center in McKinney

      Fully leased retail center in high-growth McKinney, Texas corridor.
      1800 N Stonebridge Dr, McKinney, TX 75071
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,100 SF

      Retail/Restaurant Space Near HEB

      High-traffic retail/restaurant space in McKinney, Texas, near HEB.
      3241 S Custer Rd, McKinney, TX 75071
      View Details
    • Contact for pricing
      1,330 SF

      Retail Space on Virginia Parkway

      Retail space for lease on a major thoroughfare.
      2741 Virginia Pkwy, McKinney, TX 75071
      View Details
    • Contact for pricing
      7,918 SF

      Retail/Restaurant Space Near Major Retailers

      7,918 SF retail/restaurant space with frontage on Virginia Pkwy.
      9446 Virginia Pkwy, McKinney, TX 75071
      View Details
    • Contact for pricing
      11,202 SF

      New Retail Space Available

      New construction retail space with high visibility and access.
      4001 W University Dr, McKinney, TX 75071
      View Details
    • Contact for pricing
      2,800 SF

      Retail Space in McKinney, Texas

      Retail space available for lease in McKinney, Texas.
      500 N Custer Rd, McKinney, TX 75071
      View Details
    • Contact for pricing
      16,000 SF

      New Retail Destination in McKinney

      Premier retail destination in McKinney, Texas, anchored by Kroger Marketplace.
      5668 Fm 1461, McKinney, TX 75071
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5 Neq Of Us Hwy 380 & Hwy
    Melissa, TX 75071
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5 Neq Of Us Hwy 380 & Hwy, Melissa, TX, 75071
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!