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    312 E Main St Celina, TX 75009

    Sponsored
    For Sale
    $249,000

    Improved Land - Celina, TX

    Lot size:
    0.16 Acres
    Days on Market:
    6
    Last Refresh:
    Jan 18 at 10:06 am

    Property Features for 312 E Main St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R102306101201-2
    Exterior features
    Fence
    Fencing
    Fenced
    Lot size
    0.16 Acres

    Utilities

    Heating system
    Wall Furnace
    Cooling system
    Multi Units, Window Unit(s)

    Building Details

    Year built
    1940
    Architectural style
    Other

    We can help!

    Listing Contact
    Stephen Reddy

    Insight Realty Network (817) 864-8399

    Listing agent Stephen Reddy (469) 847-3753 License #0635694

    Listing date Jan 13, 2026

    MLS# 21151309 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

    Land in Downtown Celina, TX

    This 0.159-acre lot is located in downtown Celina, Texas, near the original Bobcat Stadium. The property is situated across the street from the planned Ousley Park, which is slated to include pickleball courts, a basketball pavilion, an outdoor fitness center, a traditional playground, a community garden, food trucks, walking trails, multiple dog parks, a nature playground, and pedestrian bridges. The location is within walking distance of Celina's downtown square and close to shops and restaurants. Recent growth in Celina includes the addition of Costco, Walmart Super Center, HEB, Lowes, Home Depot, and Nordstrom's Rack. The site offers easy access to Dallas North Tollway, Preston Road, and US-380, providing a commute to Legacy West, The Star, and PGA Frisco. Celina hosts year-round festivals and community celebrations, including SPLASH & BLAST 4th of July Fireworks, Waterslides & Music Festival, CELINA CAJUN FEST Crawfish Boil & Music Festival, CHRISTMAS ON THE SQUARE Festive Holiday Event and Family Fun, and FRIDAY NIGHT MARKET.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Elevated Property Builders, ... Construction Company Elevated Property Management, ... Property Management Company

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Celina
    County
    Collin
    State
    Texas
    Longitude
    -96.78111863
    Latitude
    33.32196074

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    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot in downtown Celina near future Ousley Park.
    Where is this residential land & home lot located?
    The property is located at 312 E Main St Celina, TX.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: - Unbeatable location in the heart of downtown Celina, next to the original Bobcat Stadium and overlooking the future Ousley Park.; - Ousley Park, located directly across the street, will feature extensive amenities including pickleball courts, basketball pavilion, fitness center, playgrounds, community garden, dog parks, and walking trails.; - Walking distance to Celina Downtown Square with close proximity to shops and restaurants.
    (469) 847-3753
    Request Owner's contact information
    312 E Main St Celina, TX 75009
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    Celina, TX 75009
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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
    312 E Main St Celina, TX 75009
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    We can help!
    Listing Contact
    Stephen Reddy
    Real Estate License ID: 0635694
    (469) 847-3753
    Learn more
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