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

    2137 Chelsea Road Allen, TX 75013

    View on Map
    For Sale
    $499,000

    Warehouse - Allen, TX

    Type:Warehouse
    Lot size:
    8.64 Acres
    Added:
    Mar 18, 2026
    Days on Market:
    16
    Last Refresh:
    Apr 2 at 3:06 am

    Property Features for 2137 Chelsea Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Warehouse
    Parking features
    Assigned, Garage, Heated, Oversized
    Standard status
    Active
    APN
    R1147600E00E31
    Lot size
    8.64 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2018
    Flooring type
    Concrete
    Building materials
    Concrete
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Ingo Hagemann

    Listing agent Ingo Hagemann License #0700787

    Listing office Texas Ally Real Estate Group 2211 South IH-35 - Suite 208, Austin, TX

    Listing date Mar 18, 2026

    MLS# 21099306 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

    Allen Warehouse Car Condo

    This city-permitted car condo is available for sale. It is located off Highway 75 and Stacy Road, adjacent to the Allen Premium Outlet Mall. The unit has been upgraded with a bathroom and elevated living or loft office area. The property offers the opportunity to produce passive income by leasing the unit. It is air-conditioned and heated. The property is securely fenced and features cameras. The property is located in Allen, Collin County, Texas, with a lot size of 8.635 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Similar Places Nearby

    • Alpha Self Storage — 307 S, 307 Butler Dr, Allen, TX 75013
    • Add More Self Storage Unit — 210 u.s. 75 frontage rd, allen, tx 75013
    • Rollers Moving, LLC — 700 Central Expy S Suit 400, Allen, TX 75013
    • RightSpace Self Storage — 610 E Main St, Allen, TX 75002
    • Life Storage — 908 Allen Central Dr, Allen, TX 75013

    Map

    City
    Allen
    County
    Collin
    State
    Texas
    Longitude
    -96.663519
    Latitude
    33.135928

    Nearby Similar for Sale

    • $295,000
      5,600 SF

      Established Hookah Lounge Business Opportunity

      Profitable hookah lounge business for sale in Allen, Texas.
      1201 Main Street, Allen, TX 75002
      View Details
    • $975,000

      Downtown Allen Building with Garage

      Rare opportunity to own a piece of local Allen history.
      112 W Main Street, Allen, TX 75013
      View Details
    • $1,300,000

      Turnkey Childcare Building in Allen, TX

      Updated childcare building with FF&E, renovated in 2023.
      548 E Bethany Drive, Allen, TX 75002
      View Details
    • $549,999

      Luxury Garage Condo with Upgrades

      Upgraded 1,000 SF garage condo with loft, gym, and sauna.
      2137 Chelsea Road, Allen, TX 75013
      View Details
    • $1,390,000

      Retail Property in Allen, Texas

      Retail property for sale in Allen, Texas, with 0.97 acres.
      718 E Main Street, Allen, TX 75002
      View Details
    • $700,000

      Allen, TX Retail Opportunity

      Commercial property on half acre lot, currently a salon.
      403 W Main Street, Allen, TX 75013
      View Details
    • $2,100,000

      Office Property in Allen, Texas

      Office property for sale in Allen, Texas, Collin County.
      10 E Mcdermott Drive, Allen, TX 75002
      View Details
    • $1,671,650

      Allen, TX Retail Opportunity

      Retail property available for sale in Allen, Texas.
      610 S Watters Road, Allen, TX 75013
      View Details
    • Contact for pricing
      11,313 SF

      Vacant Child Care Property

      Vacant child care property with playground on 1.59-acre lot.
      1216 E Bethany Dr, Allen, TX
      View Details
    • $5,613,000
      10,731 SF

      Allen Retail Asset For Sale

      10,731 SF retail property in Allen, Texas.
      1680 E Stacy Rd, Allen, TX 75002
      View Details
    • $21,700,000
      82,834 SF

      Allen Corporate Center Office Campus

      Four-building office campus in Allen's primary office corridor.
      740 North Watters Road, Allen, TX 75013
      View Details
    • $1,700,000
      2,662 SF

      Allen, TX Retail Opportunity

      Retail property in Allen, Texas, near major retailers.
      604 W Mcdermott Dr, Allen, TX
      View Details

    FAQs

    What type of property is this?
    Warehouse - City permitted car condo near Highway 75 and Stacy.
    Where is this warehouse located?
    The property is located at 2137 Chelsea Road Allen, TX.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: Premier car condo, city permitted, located at Highway 75 and Stacy, next to Allen Premium Outlet Mall.; Upgraded with bathroom and elevated living/loft/office area.; Potential for passive income through leasing.
    (512) 763-2559
    We can help!
    Listing Contact
    Ingo Hagemann
    Real Estate License ID: 0700787
    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!