Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16251 Parvin Road Prosper, TX 75078

    View on Map
    For Sale
    $10,000,000

    Improved Land - Prosper, TX

    Lot size:
    15.00 Acres
    Added:
    Oct 2, 2025
    Days on Market:
    182
    Last Refresh:
    Apr 1 at 4:06 am

    Property Features for 16251 Parvin Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R52758
    Lot size
    15.00 Acres

    Utilities

    Heating system
    None (Heating)

    Building Details

    Year built
    2000
    Architectural style
    Other

    We can help!

    Listing Contact
    Melissa Oates

    Listing agent Melissa Oates License #0578594

    Listing office Allie Beth Allman & Assoc. 3838 Oak Lawn suite 500, Dallas, TX

    Listing date Oct 2, 2025

    MLS# 20887928 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Land in Prosper, Texas

    This 15-acre property, known as Celina Park It, presents a significant opportunity in Prosper, Texas. Zoned for both self-storage and retail, the land currently operates as an established self-storage business, a rare find in the area. A temporary parking lot on the premises generates approximately $150,000 annually. The location is approximately 2.5 miles from Dallas Parkway and 2.3 miles from FM 1385. Located in Celina, the fastest-growing city in the nation, the property benefits from upcoming infrastructure improvements, with Smiley Teel Road and Parvin Road both scheduled to expand to six lanes. The property is equipped with existing electric and internet services. The property's zoning allows for the addition of retail spaces to maximize its potential. Owner financing is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Celina Park-It Storage Facility

    Suggested Use

    Real Estate Agency Gym & Fitness Center Storage Facility Accounting Firm HVAC Service Garden Center Arcade & Gaming Center Florist

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Prosper
    County
    Collin
    State
    Texas
    Longitude
    -96.859514
    Latitude
    33.257481

    Nearby Similar for Sale

    • $510,000

      Move-In Ready Prosper Office Suite

      Professional office suite in prime Prosper location, ready for occupancy.
      1630 W Prosper Trail, Prosper, TX 75078
      View Details
    • $10,000,000

      Prime Retail and Storage Opportunity

      Large self-storage and retail property in fast-growing Celina, Texas.
      16251 Parvin Road, Prosper, TX 75078
      View Details
    • $7,000,000

      Prime Land for Storage, Retail

      12 acres in Celina, TX, ideal for storage and retail.
      Tbd Lot B Parvin Road, Prosper, TX 75078
      View Details
    • $170,000
      2,400 SF

      Turnkey Restaurant in Prime Location

      Fully equipped vegetarian restaurant for sale in Prosper, Texas.
      2111 E Universal Dr, Unit 60, Prosper, TX 75078
      View Details
    • $10,000,000
      1,500 SF

      Celina Self-Storage and Retail Property

      Large self-storage and retail property in fast-growing Celina, Texas.
      16251 Parvin Road, Prosper, TX 75078
      View Details
    • $5,866,000
      5,385 SF

      New NNN Ground Lease Opportunity

      New 15-year absolute NNN ground lease for sale.
      1898 N Dallas Pkwy, Prosper, TX 75078
      View Details
    • $3,100,000
      6,948 SF

      Prosper Medical Office Building For Sale

      Medical office building with long-term lease and quality construction.
      1120 Coit Rd, Prosper, TX
      View Details
    • Contact for pricing
      4,840 SF

      New Office Building Near Downtown

      Recently constructed office building with high-end finishes and ample parking.
      130 South Preston Road, Prosper, TX
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space in Prosper, Texas

      Retail spaces available in rapidly growing Prosper, Texas.
      W Frontier Pkwy & Preston Rd S, Prosper, TX
      View Details

    FAQs

    What type of property is this?
    Self storage facility - 15 acres zoned for self-storage and retail in booming Celina.
    Where is this self storage facility located?
    The property is located at 16251 Parvin Road Prosper, TX.
    What is the asking price?
    The asking price for this property is $10,000,000.
    What are key features of this property?
    This property features: Established self‑storage business in a rare and high‑demand area (Celina).; 15 premium commercial acres zoned for self‑storage and retail.; High‑growth location: Celina is the fastest‑growing city in the nation.
    (214) 521-7355
    We can help!
    Listing Contact
    Melissa Oates
    Real Estate License ID: 0578594
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!