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Property profile & analytics
OFF-MARKET Estimated value $975,000
Commercial real estate

1218 Sam Rayburn Hwy Melissa, TX 75454-2215

4,878 SF 2.94 ac lot Built 2000
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US82-3747568
Property summary
AI-generated overview

This exceptional 2.9-acre commercial land parcel presents a unique investment opportunity in the thriving city of Melissa, Texas. Located at 1218 Sam Rayburn Highway, this property boasts a highly desirable General Commercial zoning designation, offering unparalleled flexibility for a wide range of commercial ventures. The expansive lot size provides ample space for development, allowing for significant build-out potential to suit diverse business needs. Its single-tenant designation simplifies development and management, making it an attractive option for businesses seeking a dedicated space. Situated in Collin County, this property benefits from the area's robust economic growth and strategic location, providing easy access to major transportation routes and a growing consumer base. The address, 1218 Sam Rayburn Highway, Melissa, TX 75454, places the land in a highly visible and accessible location, ensuring maximum exposure for any future development. This is a rare opportunity to acquire a substantial commercial land parcel in a rapidly developing area, offering significant long-term growth potential. The property is ready for immediate development, presenting a blank canvas for a discerning investor or business owner seeking to establish a strong presence in the Melissa market. The 2.9-acre lot provides ample space for a variety of commercial uses, making it an ideal investment for both short-term and long-term growth strategies. This is a prime location for businesses seeking visibility and accessibility in a thriving community.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2000
Total area 4,878 SF
Lot 2.94 ac (128,110 SF)
Zoning code COMM
APN R-4915-001-0010-1
UPID US82-3747568
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
$1.04M
Comparable Approach Comparable
$912k
Blend (final) Blend
$975k
Owner & transaction history
5640 Bryn Mawr LLC · 2 yrs held
5640 Bryn Mawr LLC
since 2023
2 recorded transactions
2023
Price N/A
2023
$32,576
Zoning & alternative use
COMM · Melissa, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Zoning | Melissa, TX
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