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    1548/1572 Private Road 5039 Melissa, TX 75454

    • Land
    For Sale
    View listing
    $4,500,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1548/1572 Private Road 5039

    Property type
    Land
    Property subtype
    Residential land & home lots

    Description

    • +/- 11.1 Acres in Melissa, TX • 1572 Private Road 5039, Melissa, TX 75454 • 1548 Private Road 5039, Melissa, TX 75454 • Two contiguous tracts of land totaling +/-11.1 acres • Rail-Served (by Dallas, Garland & Northeastern Railroad (DGNO), which was acquired by Genesee & Wyoming Railroads • Collin County • Melissa ISD • Corner of Highway 5 and PR 5039 • Zoned: AG permitted uses by City of Melissa Base Zoning District Legend for Agricultural District, includes: - single family dwelling-detached - accessory structure - temporary construction yard and field office - farm/ranch, stable, garden or orchard - governmental office, municipal uses operated by the City, park or playground - private utility - public school - solar panel system PRICING INFORMATION Includes both tracts (+/– 11.1 AC) property not divisible • $4,500,000 • $408,719.35 per acre • $9.38/SF

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Melissa
    County
    State
    Texas
    Longitude
    -96.5628
    Latitude
    33.3003

    Comparable in this City

    • Value Estimation by Request
      5.70 Acres

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      6.20 Acres

      808 Milrany Ln

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      7.11 Acres

      840 Bartlett Rd

      Land • 7.11 Acres
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    • Value Estimation by Request
      28.38 Acres

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      Land • 28.38 Acres
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    • Value Estimation by Request
      1.12 Acres

      5974 Mcdonald St

      Land • 1.12 Acres
      5974 Mcdonald St, Melissa, TX 75454
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    • Value Estimation by Request
      15.24 Acres

      00 Cr-365

      Land • 15.24 Acres
      00 Cr-365, Melissa, TX 75454
      View Details

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      Retail Pad Site For Lease

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    1548/1572 Private Road 5039
    Melissa, TX 75454
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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