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    3600 Melissa Rd Melissa, TX 75454
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    Property profile & analytics

    3600 Melissa Rd Melissa, TX 75454

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    • Commercial real estate
    • 12.55 lot acres
    Off-Market
    Property ID
    US82-2671187
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3600 Melissa Rd

    Lot size
    12.55 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 12.55-acre commercial land parcel presents a remarkable investment opportunity in the thriving city of Melissa, Texas. Strategically located at 3600 E Melissa Rd, in Collin County, zip code 75454, this property enjoys a prime position bordering Melissa High School to the south. Its ideal location offers unparalleled potential for various commercial ventures, including retail development and multi-family housing. The asking price is $7,500,000. The property's high visibility and accessibility make it an attractive proposition for businesses seeking to capitalize on Melissa's rapid growth. With significant residential and commercial expansion underway, including the construction of a new Kroger and the announcement of a new HEB location, this is a timely investment in a dynamic market. The area's robust growth trajectory ensures strong future returns for discerning investors. This is a rare opportunity to acquire a substantial land holding in a location poised for continued expansion and prosperity. The property's size and location make it suitable for a variety of large-scale commercial developments. Don't miss this chance to secure a piece of Melissa's burgeoning commercial landscape. The coordinates for this property are 33.2836569 latitude and -96.5430558 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Melissa
    County
    Collin
    State
    Texas
    Longitude
    -96.5430558
    Latitude
    33.2836569

    Comparable in this City

    • $5,500,000
      20.00 Acres

      20 Acres for Residential Development

      20 acres ideal for residential development near Melissa High School.
      5335 County Road 413, Melissa, TX 75454
      View Details
    • Contact for pricing

      Commercial Land in Growing Area

      Ideal location for office or retail space in Melissa, TX.
      5974 N Mcdonald St, Melissa, TX 75454
      View Details
    • $599,999

      Land Available in Melissa, Texas

      Land on County Road 413 in Collin County, Texas.
      5713 County Road 413, Melissa, TX 75454
      View Details
    • $4,900,000
      19.84 Acres

      Melissa TX Land Opportunity

      Nearly 20 acres in Melissa's ETJ with AG exemption.
      0001 Cr 471, Melissa, TX 75454
      View Details
    • $1,500,000
      6.00 Acres

      6 Acres of Ag Exempt Land

      6 acres in Melissa, TX, suitable for residential or commercial.
      3930 Sherley Ln, Melissa, TX 75454
      View Details
    • Contact for pricing

      Retail and Restaurant Development Land

      Land development for retail and restaurant use, delivery March 2027.
      3208 Hamilton Dr, Melissa, TX 75454
      View Details

    Similar Nearby for Sale

    • $5,500,000
      20.00 Acres

      20 Acres for Residential Development

      20 acres ideal for residential development near Melissa High School.
      5335 County Road 413, Melissa, TX 75454
      View Details
    • Contact for pricing

      Commercial Land in Growing Area

      Ideal location for office or retail space in Melissa, TX.
      5974 N Mcdonald St, Melissa, TX 75454
      View Details
    • $599,999

      Land Available in Melissa, Texas

      Land on County Road 413 in Collin County, Texas.
      5713 County Road 413, Melissa, TX 75454
      View Details
    • $4,900,000
      19.84 Acres

      Melissa TX Land Opportunity

      Nearly 20 acres in Melissa's ETJ with AG exemption.
      0001 Cr 471, Melissa, TX 75454
      View Details
    • $1,500,000
      6.00 Acres

      6 Acres of Ag Exempt Land

      6 acres in Melissa, TX, suitable for residential or commercial.
      3930 Sherley Ln, Melissa, TX 75454
      View Details
    • Contact for pricing

      Retail and Restaurant Development Land

      Land development for retail and restaurant use, delivery March 2027.
      3208 Hamilton Dr, Melissa, TX 75454
      View Details

    Similar Nearby for Lease

    • 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
    • Contact for pricing

      Prime Land Abutting Melissa Village

      6.7 acres near Melissa Village, development-ready with utilities.
      2136-2210 E Melissa Rd, Melissa, TX 75454
      View Details
    • Contact for pricing

      Land For Rent in Melissa

      Commercial land available for rent at NEC Melissa Rd & TX-5.
      & TX-5 Nec Melissa Rd, Melissa, TX 75454
      View Details
    • Contact for pricing

      Prime Pad Site For Lease

      Pad site in Melissa, TX at a retail intersection.
      2545 Sam Rayburn Hwy, Melissa, TX 75454
      View Details
    • Contact for pricing

      Land For Rent on Highway

      Commercial land with frontage and access to Hwy 75.
      2660 S Central Expy, McKinney, TX 75454
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, 6,300 SqFt, Melissa, TX.
      & TX-5 Swq Melissa Rd, Melissa, TX 75454
      View Details
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    Melissa, TX 75454
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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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