You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $3,445,000
Office buildings

3031 Washington Dr Melissa, TX 75454-1001

30,022 SF 8.75 ac lot Built 2022
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US82-8472272
Property summary
AI-generated overview

This exceptional 1,288 square foot retail space is located within the vibrant Melissa Wellness Village, a newly constructed (2023) development in the rapidly expanding city of Melissa, Texas. The property is part of a multi-tenant building totaling 14,971 square feet, offering excellent visibility and accessibility. The location benefits from high traffic counts due to its proximity to three major highways: SH 121, US 75, and SH 5, ensuring convenient access for customers. Melissa is experiencing significant population growth, with a remarkable increase exceeding 34% between 2020 and 2022. This robust growth is further supported by strong average household incomes exceeding $130,000 within a three-mile radius. A significant anchor tenant, a 125,000 square foot Kroger grocery store, opened in October 2024, driving substantial foot traffic to the center. This presents a unique opportunity for businesses seeking to establish themselves in a thriving suburban market with a high-income demographic. The property is classified as Retail and Restaurant use, offering flexibility for various business types. The space is immediately available. The zip code is 75454, and the address is 3031 Washington Dr, Melissa, TX.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2022
Total area 30,022 SF
Lot 8.75 ac (381,150 SF)
Zoning code COMM
APN R-6033-004-2150-1
UPID US82-8472272
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
by Request
Comparable Approach Comparable
$2.88M
Blend (final) Blend
$3.45M
Owner & transaction history
Mm Melissa LLC · 1 yrs held
Mm Melissa LLC
since 2024
2 recorded transactions
2024
Price N/A
2021
Price N/A
Zoning & alternative use
COMM · Melissa, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $3.2M +59.1%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3031 Washington Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message