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Property profile & analytics
OFF-MARKET
Day care centers

0 Neq Tx-121 & Melissa Rd Melissa, TX 75454

51,400 SF 22 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 51,400 square foot mixed-use development opportunity is situated on a sprawling 22-acre site in the thriving city of Melissa, Texas. Located at the highly visible intersection of TX-121 and Melissa Road, this proposed project offers unparalleled access and visibility. Melissa, a rapidly growing affluent suburb just north of McKinney, boasts an impressive 18.19% annual growth rate and a population increase exceeding 65% since the last census, making it the 7th fastest-growing city in Texas. The property benefits from its location within the highly-rated Melissa ISD, attracting a strong demographic. Its proximity to established residential and commercial areas, and its placement directly across from a new Kroger development at the lighted intersection of TX-121 and Liberty Way, ensures exceptional foot traffic and brand visibility. This development is perfectly suited for a variety of uses, including retail, restaurant, and medical facilities, presenting a unique investment opportunity in one of Texas's fastest-growing markets. The lease type is NNN. This is a proposed 22-acre mixed-use development.

Property profile
Verified
Property type Day care centers
Total area 51,400 SF
Lot 22 ac (958,320 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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