Celina Commercial Property with
For Sale
$1,590,000
910 N Preston Rd, Celina, TX 75009
Commercial property with warehouse and potential office/retail space for rent.
Property Size6,400 SF
Lot Size1.16 Acres
Price / SF$248.44
Days on Market504
Property Features for 910 N Preston Rd
General Information
Standard status
Active
Size
6,400 SF
Lot size
1.16 Acres
Listing Agency:
Sonya Realty, LLC
(972) 948-9200
Listed By:
Sonya Rafie · License #0330549
(972) 948-9200
Source:
Exprealty
Added: Mar 26, 2025
Changed: Aug 8
Last Checked: Aug 8 at 1:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sonya Realty, LLC
Investment Insights
Based on property information with market context.
Located on Preston Rd in Celina, this commercially zoned property includes a 2,200-square-foot house and a 6,400-square-foot warehouse on 1.155 acres. The house features central air conditioning, three bedrooms, and a two-car garage, and it can be converted into an office or retail space. The metal insulated warehouse has two electric remote-controlled 18-foot doors. The driveway and concrete pad are designed to withstand large trucks and forklift usage. Utilities include water and electricity, and sewage is septic. Ample parking space is available. The property is suitable for setting up a business. Monthly rent is $7,500 plus utilities, common area maintenance, electricity, insurance, and taxes.
Key Highlights
- Prime location on prestigious Preston Rd in Celina.
- Zoned Commercial by City of Celina.
- Includes both a 2,200 sq ft house (convertible to office/retail) and a 6,400 sq ft warehouse.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$102,979
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,059,580
$2.1M
Cap Rate 7%
$1,471,129
$1.5M
Cap Rate 9%
$1,144,211
$1.1M
Market Conditions
NOI Build-Up for 6,400 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$154.4K $24.12/SF
− Vacancy
−$7.3K −$1.13/SF
EGI
$147.1K $22.99/SF
− OpEx
−$44.1K −$6.90/SF
NOI
$103.0K $16.09/SF
Area
Collin County, TX
Vacancy
4.70%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,059,580
Cap Rate 7%
$1,471,129
Cap Rate 9%
$1,144,211
Alternative Uses
Best Use
Industrial
$6.36M
$5.56M – $7.42M
NOI $445,160 @ 7.0% cap · market cap 28.00%
Second Best
Retail
$1.47M
$1.29M – $1.72M
NOI $102,979 @ 7.0% cap · market cap 6.48%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75009, TX
21,276
Population
9,943
Households
2.1
Avg Household Size
34
Median Age
56%
College-Educated
96%
High-School Grad
98.7 sq mi
ZIP Area
216
Density / Sq Mi
$166,064
Median Household Income
$70,683
Median Earnings
$2,134
Median Rent
$471,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Staley RV Storage — 919 N Louisiana Dr, Celina, TX 75009
- Bobcat Self Storage — 302 N Oklahoma Dr, Celina, TX 75090
- Celina Ice & Cold Storage Co. — Celina, TX 75009
Frequently Asked Questions
What type of property is this?
Warehouse - Commercial property with warehouse and potential office/retail space for rent.
Where is this warehouse located?
The property is located at 910 N Preston Rd Celina, TX.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: Prime location on prestigious Preston Rd in Celina.; Zoned Commercial by City of Celina.; Includes both a 2,200 sq ft house (convertible to office/retail) and a 6,400 sq ft warehouse.
