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Property profile & analytics

3121 Mckinney St Melissa, TX 75454

  • Commercial real estate
  • 1,191 SF
  • 0.30 lot acres
For Sale
Last Sale
Jul 19, 2023
Value Estimations
Cap Rate Potential
6.6%
Commercial real estate
Location Intelligence
Property ID
US82-5550931
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 3121 Mckinney St

Year built
1952
Lot size
0.30 lot acres
Property size
1,191 SF
Property type
Commercial real estate
APN
R-1088-004-005R-1
APU
R1088004005R1

Description

This exceptional 1,510 square foot office building presents a unique opportunity for businesses seeking high visibility and prime location in the rapidly growing town of Melissa, Texas. Situated on a sizable 0.24-acre corner lot, the property boasts significant highway frontage, ensuring maximum exposure to a high volume of daily traffic. Its strategic location just south of Melissa's new Town Center further enhances its desirability. The building is ideally suited for professional office suites or light retail ventures, offering ample space for various business needs. A substantial garage provides valuable additional space, perfect for storage or use as a workshop, adding significant utility to the property. The high profile and prominent address place your business at the heart of Melissa's thriving commercial sector, providing unparalleled access to the town's growing population and economic activity. This is an exceptional chance to establish a strong presence in a dynamic and expanding market, capitalizing on the significant advantages of this highly visible and conveniently located commercial property. The asking price is $525,000. Don't miss this opportunity to secure a foothold in Melissa's burgeoning commercial landscape.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $265,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $295,000
    6.5%
    $270,000
    7%
    $255,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Melissa
County
Collin
State
Texas
Longitude
-96.5728
Latitude
33.2897
CBSA code
19100
CBSA name
DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$3,162
$77,467
$75,362
$152,829
-
$77,467
$75,362
$152,829
More about this property
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