Property summary
The property is a 7.111-acre tract located on Sam Rayburn Highway 121 just before entering the Melissa city limits. It includes three unoccupied residential homes, and some mobile homes/trailers have been removed. The site consists of developable land with potential for a variety of uses, and its frontage on Sam Rayburn Highway 121 may allow for signage subject to applicable regulations.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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