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

    2435 Sam Rayburn Hwy Melissa, TX 75454-2815

    • Commercial real estate
    • 11,931 SF
    • 1.86 lot acres
    OFF-MARKET
    Last Sale
    Feb 11, 2025
    Value Estimations
    $2,230,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9875554
    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 2435 Sam Rayburn Hwy

    Year built
    2021
    Lot size
    1.86 lot acres
    Property size
    11,931 SF
    Property type
    Commercial real estate
    APN
    R-12462-00A-0010-1
    APU
    R1246200A00101

    Description

    This exceptional 11,862 square foot shopping center in Melissa, Texas, presents a compelling investment opportunity. Boasting a 6.25% cap rate and a strong net operating income (NOI) of $362,613, this property offers significant returns. The center features six tenants under 100% occupancy with long-term triple-net (NNN) leases, minimizing landlord responsibilities. Built in 2021, the single-building property sits on a 1.86-acre lot and benefits from high-quality construction, ample parking, and convenient ingress/egress. Its location is strategically advantageous, less than two miles from a Buc-ee's travel center and within close proximity to newly announced Walmart and H-E-B supercenters, indicating strong future growth potential. The synergistic tenant mix provides essential goods and services to the thriving Melissa community. With 13,417 residential housing units planned in the surrounding area, this shopping center is poised for continued success and substantial long-term value appreciation. The property's address is 2435 Sam Rayburn Hwy, Melissa, TX 75454, in Collin County. The asking price is $5,802,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,745,000
      6.5%
      $2,535,000
      7%
      $2,350,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,924,000
      Market price range: $402k - $2.23M

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

    Location Insight

    • Map
    • Local Demand
    City
    Melissa
    County
    Collin
    State
    Texas
    Longitude
    -96.567
    Latitude
    33.2806
    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
    2023
    $74,175
    $973,827
    $3,287,917
    $4,261,744
    -
    $973,827
    $3,287,917
    $4,261,744

    Comparable in this City

    • Value Estimation by Request
      29,494 SF

      & TX-5 Swq Melissa Rd

      Retail properties • 29,494 SF
      & TX-5 Swq Melissa Rd, Melissa, TX 75454
      View Details
    • Value Estimation
      $4,460,000
      32,077 SF

      2617 Sentinel Way

      COMMERCIAL (GENERAL) • 32,077 SF
      2617 Sentinel Way, Melissa, TX 75454-2809
      View Details
    • Value Estimation
      $3,305,000
      16,910 SF

      2233 Sam Rayburn Hwy

      COMMERCIAL (GENERAL) • 16,910 SF
      2233 Sam Rayburn Hwy, Melissa, TX 75454-2685
      View Details
    • Value Estimation
      $1,010,000
      15,211 SF

      1521 Mckinney St

      COMMERCIAL (GENERAL) • 15,211 SF
      1521 Mckinney St, Melissa, TX 75454-9815
      View Details
    • Value Estimation
      $1,505,000
      10,122 SF

      3591 Mckinney St

      COMMERCIAL (GENERAL) • 10,122 SF
      3591 Mckinney St, Melissa, TX 75454-9571
      View Details
    • Value Estimation by Request
      7.11 Acres

      840 Bartlett Rd

      Land • 7.11 Acres
      840 Bartlett Rd, Melissa, TX 75454
      View Details

    Similar Nearby for Sale

    • 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
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      28.38 Acres

      Prime Melissa Commercial Land

      28 Acres, US 75 & Melissa Rd
      0 75 & Melissa Rd, Melissa, TX 75454
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      1.12 Acres

      Prime Melissa Retail & Land Opportunity

      1.12-acre commercial lot, ideal retail/office space
      5974 Mcdonald St, Melissa, TX 75454
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      2.64 Acres

      Prime Commercial Land in Melissa, TX

      2.64 Acres, Excellent Location, PD Zoning
      0 75 & Melissa Rd, Melissa, TX 75454
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    • Contact for pricing
      23.28 Acres

      Prime Melissa Land - US 75 Access

      23 Acres, Mixed-Use Potential, TX
      0 Nec - Us 75 & Throckmorton Rd, Melissa, TX 75454
      View Details

    Similar Nearby for Lease

    • $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
    • New
      $23 SF/Yr
      21,780 SF

      Flexible Office Space in Melissa, TX

      Office space with expansion options in a growing area.
      1410 County Road 339, Melissa, TX 75454
      View Details
    • Contact for pricing
      29,494 SF

      Melissa Retail Space - Legacy Ranch

      Prime Retail Space, 10,000 SF Available
      & TX-5 Nec Melissa Rd, Melissa, TX 75454
      View Details
    • $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
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    Melissa, TX 75454-2815
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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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