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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Commercial land
Us Hwy 75 Melissa, TX 75454
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-7668637
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
2020
Construction
WOOD FRAME
Total area
3,003 SF
Lot
10.9 ac (474,804 SF)
Zoning code
PD
APN
R-6294-003-0650-1
UPID
US82-7668637
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
$385k
CAP Approach
CAP
$685k
Comparable Approach
Comparable
$561k
Blend (final)
Blend
$545k
Owner & transaction history
Jose B Navarro · 5 yrs held
Jose B Navarro
since 2020
7 recorded transactions
Zoning & alternative use
PD · Melissa, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Melissa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Melissa submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$385,000
CAP Approach
CAP Return
Estimation
6%
$745,000
6.5%
$685,000
7%
$635,000
Blend value · Realmo final
$545k
Range $491k – $600k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$181 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$17,472
Tax year 2022
Assessed value
$1,396,408
Assessed 2023
Previous assessed
$819,238
+70.5% YoY
Effective rate
1.25%
On assessed value
Assessed land
$1,396,408
Land market value
$1,396,408
Total market value
$1,396,408
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
2020
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Rooms
7
Bathrooms
3
Total area
3,003 SF
Lot
10.9 ac (474,804 SF)
Zoning code
PD
APN
R-6294-003-0650-1
UPID
US82-7668637
Jurisdiction
COLLIN
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
PD · Melissa, TX
Zoning PD · permitted uses
PD · Melissa, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Melissa. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2020
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Rooms
7
Bathrooms
3
Lot
10.9 ac
Current owner
From public records · entity-resolved
Jose B Navarro
Individual
Mailing address
4242 LOMO ALTO DR APT E23, DALLAS, TX 75219-1586
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2020
—
Jose B Navarro
Meritage Homes Of Texas LLC
Grant Deed
$342,000 · Loandepot.com LLC
Aug 4, 2020
—
Jose I Rodriguez
Meritage Homes Of Texas LLC
Grant Deed
$307,222 · Loandepot.com LLC
Jul 23, 2020
—
Thien Lam
Meritage Homes Of Texas LLC
Grant Deed
$270,389 · Loandepot.com LLC
Jul 15, 2020
—
Shao F Zhou
Meritage Homes Of Texas LLC
Grant Deed
$274,766 · Barton Crk Lndg
Jun 8, 2020
—
Yves M Milsap SR
Meritage Homes Of Texas LLC
Grant Deed
$359,288 · Benchmark Mtg
Jun 3, 2020
—
Pamela G Brown
Meritage Homes Of Texas LLC
Grant Deed
$259,536 · Loandepot.com LLC
Jul 12, 2018
—
Meritage Homes Of Texas LLC
Mason James F
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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