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

    34.24 Ac PRESTON LAKES Drive Celina, TX 75009

    View on Map
    New
    For Sale
    $3,499,800

    Unimproved Land - Celina, TX

    Type:Unimproved Land
    Lot size:
    34.25 Acres
    Added:
    Mar 27, 2026
    Days on Market:
    6
    Last Refresh:
    Apr 1 at 9:06 am

    Property Features for 34.24 Ac PRESTON LAKES Drive

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Exterior features
    Fence
    Fencing
    Fenced
    Standard status
    Active
    APN
    R614000100801
    Lot size
    34.25 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Olga Lund
    Olga Lund

    Listing agent Olga Lund License #0605798

    Listing office Lund Realty 6003 NORTHVIEW CT, Aubrey, TX

    Listing date Mar 27, 2026

    MLS# 20940602 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

    Celina Land Investment Opportunity

    This 34.245-acre tract of land presents an investment opportunity in Celina, Collin County, Texas. Situated within the Celina Independent School District, the property is located between Preston Road, Celina Parkway, and the Dallas Tollway, near the Preston Lakes community. Access is available through Preston Lakes via a dirt road, with a creek running along the south perimeter. The parcel is adjacent to a major planned development, with Phase I of Rasor Ranch currently under construction. The land features a flat pasture with some trees and is not subject to HOA restrictions. City zoning allows for a minimum lot size of 1 acre.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Celina
    County
    Collin
    State
    Texas
    Longitude
    -96.782183
    Latitude
    33.392248

    Nearby Similar for Sale

    • $750,000

      Celina Development Site Near Civic Hub

      0.5-acre development site near Celina's Civic Hub and Ousley Urban Park.
      403 E Pecan Street, Celina, TX 75009
      View Details
    • $750,000

      Development Site Near Civic Hub

      0.5 acre development site near Celina's Civic Hub.
      403 Pecan Street, Celina, TX 75009
      View Details
    • $10,500,000

      Class A Office Building Celina

      Fully leased Class A office building on Preston Rd in Celina.
      1212 S Preston Road, Celina, TX 75009
      View Details
    • $750,000

      2.1 Acres in Celina, TX

      2.1 acres with high visibility and no zoning restrictions.
      13424 W Fm 455, Celina, TX 75009
      View Details
    • $1,250,000

      Prime Corner Lot in Celina

      Highly visible commercial lot near historic downtown Celina.
      212 E Walnut Street, Celina, TX 75009
      View Details
    • $4,950,000

      Prime Land in Growing Celina

      8.7-acre tract near downtown Celina, ideal for development.
      8.7 N Louisiana Drive, Celina, TX 75009
      View Details
    • $2,450,000

      Prime 10-Acre Development Opportunity

      10 acres near Dallas North Tollway and future Uptown Celina.
      7410 Rawhide Road, Celina, TX 75009
      View Details
    • $2,450,000

      Prime Land Parcel in Celina

      10-acre parcel near Dallas North Tollway and future Uptown Celina.
      7410 Rawhide Road, Celina, TX 75009
      View Details
    • $4,950,000

      Prime Land in Growing Celina

      8.7-acre tract suitable for commercial or residential development.
      2260 N Louisiana Drive, Celina, TX 75009
      View Details
    • $3,600,000

      Wedding & Events Venue on Land

      Operating wedding venue on 7 acres in Celina, Texas.
      1105 W Cottage Hill Parkway, Celina, TX 75009
      View Details
    • $8,900,000

      Development Land in Celina, TX

      7.38 acres in Celina, TX, prime development opportunity.
      5277 County Road 52, Celina, TX 75009
      View Details
    • $5,000,000

      Celina, TX Commercial Land

      12-acre commercial land tract in Celina, Texas.
      1199 E Sunset Boulevard, Celina, TX 75009
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 34.245 acres in Celina ISD, near major developments.
    Where is this residential land & home lot located?
    The property is located at 34.24 Ac PRESTON LAKES Drive Celina, TX.
    What is the asking price?
    The asking price for this property is $3,499,800.
    What are key features of this property?
    This property features: Prime investment opportunity in Celina at $102,000 per acre.; Located in the highly sought‑after Celina ISD.; Ideally situated between Preston Rd, Celina Pkwy, and Dallas Tollway.
    (817) 829-2386
    We can help!
    Listing Contact
    Olga Lund
    Olga Lund
    Real Estate License ID: 0605798
    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!