0 Melissa Rd, Melissa, TX 75454
This exceptional 2.799-acre commercial land parcel in Melissa, Texas (75454), offers a prime opportunity for neighborhood retail development. Located on Melissa Road, near the intersection of Fannin Road, this site boasts excellent visibility and accessibility, with proximity to major thoroughfares including US Highway 75, State Highway 5, and State Highway 121. The property is ideally situated amongst established residential communities like Hunter's Ridge, Country Ridge, Villages of Melissa, and the new Legacy Ranch, ensuring a strong customer base. Permitted uses include retail, restaurants, medical and professional offices, and daycare facilities. City water and sewer services are readily available. Importantly, this property is free from rollback taxes and is not located within a flood plain. A mature tree line enhances the northern perimeter. Melissa Road, a four-lane divided arterial, provides significant traffic flow. Easement access to Fannin Road is potentially obtainable through the City of Melissa (verification required by the buyer). This presents a rare chance to develop a thriving commercial venture in a rapidly growing area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.