Property profile

0 Melissa Rd Melissa, TX 75454

OFF-MARKET
Land
2.8 ac lot
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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

Location

Melissa Rd Melissa, TX 75454
Melissa metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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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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