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Property profile & analytics
OFF-MARKET
Commercial real estate

3121 Mckinney St Melissa, TX 75454-9761

1,191 SF 0.3 ac lot Built 1952
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US82-5550931
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1952
Total area 1,191 SF
Lot 0.3 ac (12,911 SF)
APN R-1088-004-005R-1
UPID US82-5550931
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
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Liberty Rental Company LLC · 3 yrs held
Liberty Rental Company LLC
since 2023
7 recorded transactions
2024
Price N/A
2023
Price N/A
2023
Price N/A
2019
$1,000
2018
Price N/A
2018
Price N/A
2011
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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