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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1500 Scott St Melissa, TX 75454-9544

    • Office buildings
    • 5,303 SF
    • 1.28 lot acres
    OFF-MARKET
    Value Estimations
    $455,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9330754
    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

    • Office buildings

    Property Details for 1500 Scott St

    Year built
    2019
    Lot size
    1.28 lot acres
    Property size
    5,303 SF
    Property type
    Office buildings
    APN
    R-9631-0DD-0010-1
    APU
    R96310DD00101

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $480,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $427,000
      Market price range: $218k - $509k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $360,000
      Current use
      COMMERCIAL (GENERAL)
      $575,000
      Change: +59% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Melissa
    County
    Collin
    State
    Texas
    Longitude
    -96.5721
    Latitude
    33.2919
    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
    $30,376
    $350,266
    $999,734
    $1,350,000
    -
    $350,266
    $999,734
    $1,350,000

    Comparable in this City

    • Value Estimation
      $305,000
      3,728 SF

      2510 Mckinney St

      OFFICE BUILDING • 3,728 SF
      2510 Mckinney St, Melissa, TX 75454-9514
      View Details
    • Value Estimation
      $370,000
      2,040 SF

      1919 Melissa Rd

      OFFICE BUILDING • 2,040 SF
      1919 Melissa Rd, Melissa, TX 75454-0010
      View Details
    • Value Estimation
      $435,000
      3,072 SF

      1111 Sam Rayburn Hwy

      OFFICE BUILDING • 3,072 SF
      1111 Sam Rayburn Hwy, Melissa, TX 75454-2693
      View Details
    • Value Estimation
      $370,000
      4,448 SF

      901 Sam Rayburn Hwy

      OFFICE BUILDING • 4,448 SF
      901 Sam Rayburn Hwy, Melissa, TX 75454-2218
      View Details
    • Value Estimation
      $350,000
      1,928 SF

      3106 Mckinney St

      OFFICE BUILDING • 1,928 SF
      3106 Mckinney St, Melissa, TX 75454-9700
      View Details
    • Value Estimation
      $270,000
      3,139 SF

      3201 Mckinney St

      OFFICE BUILDING • 3,139 SF
      3201 Mckinney St, Melissa, TX 75454-9762
      View Details

    Similar Nearby for Sale

    • $525,000
      1,510 SF

      Prime Melissa Office Space

      High-visibility office/retail, great location!
      3121 Mckinney St, Melissa, TX 75454
      View Details
    • $2,700,961
      6,938 SF

      Melissa Dental Office Investment

      6,938 SF, 100% Leased Medical Building
      2302 Sam Rayburn Hwy, Melissa, TX 75454
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    • Contact for pricing
      1.12 Acres

      Prime Melissa Retail & Land Opportunity

      1.12-acre commercial lot, ideal retail/office space
      5974 Mcdonald St, Melissa, TX 75454
      View Details
    • $5,500,000
      20.00 Acres

      20 Acres for Residential Development

      20 acres ideal for residential development near Melissa High School.
      5335 Cr 413, Melissa, TX 75454
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    • Contact for pricing
      5.30 Acres

      Owens Crossing Commercial Land

      Prime Melissa, TX pad sites. High growth area.
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    • $5,150,970
      10.75 Acres

      Prime Melissa, TX Commercial Land

      10.75 Acres, $5.15M, High Growth
      0 Swq Melissa Rd & Mckinney St, Melissa, TX 75454
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr
      3,400 SF

      Retail, Medical, and Office Space

      New retail, medical, and office building near major highways.
      W Fannin Rd, Melissa, TX 75454
      View Details
    • Contact for pricing
      1,538 SF

      Retail, Medical, and Office Space

      New building near highways with restaurant space and entertainment area.
      1502 Harrison St, Melissa, TX 75454
      View Details
    • Contact for pricing
      7,600 SF

      Proposed Mixed-Use Development in Melissa

      22-acre mixed-use development opportunity in rapidly growing Melissa, Texas.
      2750 State Highway 121, Melissa, TX 75454
      View Details
    • $48 SF/Yr
      14,971 SF

      Melissa Wellness Village Retail Space

      1,288 SF Retail Space in Growing Melissa, TX
      3031 Washington Dr, Melissa, TX 75454
      View Details
    • Contact for pricing
      2,100 SF

      Retail Space on Sam Rayburn

      Retail space with high traffic and convenient access.
      3022 Sam Rayburn Hwy, Melissa, TX 75454
      View Details
    • Contact for pricing

      Retail Pad Site For Lease

      Retail pad site available as part of mixed-use development.
      261 Melissa Rd, Melissa, TX 75454
      View Details
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    1500 Scott St
    Melissa, TX 75454-9544
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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