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    OFF-MARKET
    Land

    0 Melissa Rd, Melissa, TX 75454

    2.8 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 2.8 ac (121,924 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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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