Sign Up Successful!
You now have access to more from Realmo!
    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

    309 S Arizona Dr Celina, TX 75009

    Sponsored
    For Sale
    $275,000

    Unimproved Land - Celina, TX

    Type:Unimproved Land
    Lot size:
    0.24 Acres
    Days on Market:
    17
    Last Refresh:
    Jan 24 at 9:06 am

    Property Features for 309 S Arizona Dr

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    R1023038009B1
    Exterior features
    Fence
    Fencing
    Fenced
    Lot size
    0.24 Acres

    Utilities

    Heating system
    None (Heating)

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Allison Keegan
    Allison Keegan

    Keller Williams North Country (972) 382-8882

    Listing agent Allison Keegan (972) 382-8882 License #0593552

    Listing date Jan 8, 2026

    MLS# 21148237 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.

    Learn more

    Property Insight Report

    Overview

    Buildable Lot in Historic Downtown

    This 0.26-acre buildable lot presents a rare opportunity in the historic downtown of Celina, Texas. Situated on a tree-lined street in the Verandas section, the homesite is surrounded by architecturally significant residences. The location offers convenient access to the vibrant Celina Square, which hosts festivals, markets, movie nights, and community gatherings throughout the year. Residents can easily walk, bike, or use a golf cart to reach locally owned restaurants, bakeries, boutiques, the library, and the town square. The level lot is ready for construction and has gas, water, electric, and sewer available. It is located in a designated Gig city. A survey is also available. The property offers the chance to build a custom home in a location that preserves its small-town spirit and country charm.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Realty agency Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Celina
    County
    Collin
    State
    Texas
    Longitude
    -96.789693
    Latitude
    33.321863

    Nearby Similar for Sale

    • $9,195,000
      10,939 SF

      Celina Ranch with Indoor Arena

      25-acre Celina ranch featuring a Mediterranean home and equestrian facilities.
      5825 A Cr 173, Celina, TX 75009
      View Details
    • New
      $6,000,000
      62.90 Acres

      Exceptional 62-Acre Farm and Ranch

      Luxury country living on a 62-acre Celina, TX estate.
      5555 County Road 179, Celina, TX 75009
      View Details
    • $3,600,000
      7.00 Acres

      Wedding & Events Venue on 7 Acres

      Operating wedding and events venue on approximately 7 acres.
      1105 W Cottage Hill Pkwy, Celina, TX 75009
      View Details
    • $550,000
      0.17 Acres

      Celina Duplex: Investment Opportunity

      Duplex in Celina with tenants, close to downtown activities.
      305 N Arizona Dr, Celina, TX 75009
      View Details
    • $1,099,000
      0.08 Acres

      Historic Retail Office Building

      Retail office building in Celina's historic downtown square.
      239 W Pecan St, Celina, TX 75009
      View Details
    • $1,590,000
      1.16 Acres

      Celina Commercial Property with Warehouse

      Commercial property featuring office/retail space and a large warehouse.
      910 Preston Rd, Celina, TX 75009
      View Details
    • $399,000
      0.18 Acres

      Downtown Celina Commercial Conversion Opportunity

      High-visibility property primed for commercial conversion near historic downtown Celina.
      606 N Louisiana Dr, Celina, TX 75009
      View Details
    • $525,000
      4,875 SF

      Corner Warehouse in Celina, Texas

      Corner property with warehouse and rent house in Celina, TX.
      203 W Pecan St, Celina, TX 75009
      View Details
    • $1,299,000

      Country Ranch Home on Acreage

      Charming ranch home on 12+ acres near Celina, Texas.
      10955 Kathie Ct, Celina, TX 75009
      View Details
    • $1,600,000
      1,807 SF

      Celina Industrial Land & Building

      5.35 Acres, Modern Farmhouse, Prime Location
      6202 Unit ., Celina, TX 75009
      View Details
    • $6,000,000
      1,792 SF

      Celina, TX Land - 12 Acres

      Prime Commercial Land, High Visibility, Development Potential
      15756 Fm 428, Celina, TX 75009
      View Details
    • $2,750,000
      2,600 SF

      Celina Industrial Land - 10 Acres

      Prime Celina industrial land, 10 acres, high growth area.
      7410 Rawhide Rd, Celina, TX 75009
      View Details

    FAQs

    What type of property is this?
    Land - 0.26-acre buildable lot in Celina's historic downtown.
    Where is this land located?
    The property is located at 309 S Arizona Dr Celina, TX.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: - Buildable 0.26-acre lot in highly desirable, historic downtown Celina.; - Prime location in the coveted Verandas section, surrounded by architecturally significant homes.; - Walking, biking, or golf cart distance to Celina Square, restaurants, shops, and amenities.
    (972) 382-8882
    Request Owner's contact information
    309 S Arizona Dr Celina, TX 75009
    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.
    309 S Arizona Dr
    Celina, TX 75009
    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
    309 S Arizona Dr Celina, TX 75009
    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

    We can help!
    Listing Contact
    Allison Keegan
    Allison Keegan
    Real Estate License ID: 0593552
    (972) 382-8882
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.