Property profile

840 Bartlett Rd Melissa, TX 75454

OFF-MARKET
Mobile home & RV parks
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Property summary

AI-generated overview

This exceptional 6.573-acre RV park boasts unparalleled highway frontage on Highway 121 in Collin County, Texas, just outside the city limits of Melissa (zip code 75454). Located at 840 Bartlett Rd, this property offers nine RV units and benefits from no zoning restrictions. The strategic location places it at the gateway to Melissa, Texas, a rapidly growing area experiencing significant residential and commercial development. Major retailers like Walmart and HEB are establishing a presence nearby, further enhancing the property's value and potential. The property's unique "Tomahawk Steak" configuration maximizes its highway visibility, making it ideal for a digital billboard given the high traffic volume on Highway 121. Existing water infrastructure is provided by the North Collin Water Supply Corporation. This prime location offers unparalleled exposure to the thousands of vehicles traveling daily on Highway 121, leading to Bois d'Arc Lake and benefiting from the booming single-family home construction in Melissa and Anna. The property's proximity to a new Buc-ee's gas station adds to its appeal. This is a rare opportunity to acquire a highly visible and strategically located asset in one of the fastest-growing areas of Collin County. The asking price is $3,750,000.

Property profile

Verified
Property type Mobile home & RV parks

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

840 Bartlett Rd Melissa, TX 75454
Melissa metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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