Property profile

0 S.h. 121 & Melissa, TX 75454

OFF-MARKET
Land
5.7 ac lot
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Property summary

AI-generated overview

This exceptional 5.7-acre agricultural property is located at the Northwest corner of State Highway 121 and State Highway 5 in Melissa, Collin County, Texas, zip code 75454. The land is zoned AG - Agricultural, offering a variety of potential uses within this designation. Situated in one of North Texas' fastest-growing areas, this site boasts unparalleled visibility due to its strategic location at the intersection of two major highways. The property offers easy access to US 75, TX 121, and TX 5, providing convenient connectivity to the surrounding communities of Melissa and McKinney. This presents a unique opportunity for investors seeking land with high growth potential in a rapidly developing region. The asking price is negotiable. The property's coordinates are 33.2673763 latitude and -96.5865054 longitude. This is a remarkable opportunity to acquire land in a prime location with significant future prospects.

Property profile

Verified
Property type Land
Lot 5.7 ac (248,292 SF)

Cap rate & NOI

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

Location

S.h. 121 & Melissa, TX 75454
Melissa metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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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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