Office Unit with Custom
1305 Summit View Lane, Celina, TX 75009
For Sale
$1,312,500
CommercialSale, Celina, TX
Property Size3,500 SF
Lot Size0.08 Acres
Price / SF$375
Days on Market99
Property Features for 1305 Summit View Lane
General Information
Property type
Property subtype
Property condition
Zoning description
Subdivision
Lot features
Directions
Standard status
APN
Lot size
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Sewer type
Water source
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Listing Agency:
MAXWORTH REAL ESTATE GROUP LLC
Listed By:
Vibhu Rana
(817) 929-9259
Added: Aug 1
Changed: Oct 21
Last Checked: Nov 7 at 2:06PM
MLS# 21345534
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.
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Investment Insights
Based on property information with market context.
Suite 110 is an approximately 3,500-square-foot office condominium within Building 8 at Celina Hills Office Park. The space is offered in shell condition, allowing the interior to be configured for medical, professional office, or other commercial purposes. The property is under construction, with completion identified for 2026.
Construction includes brick and frame materials, with a flat roof. The office park is served by public water and public sewer. Suite 100 in the same building measures 2,304 square feet and is occupied by a dental practice, providing an established office-use presence within the building.
Construction includes brick and frame materials, with a flat roof. The office park is served by public water and public sewer. Suite 100 in the same building measures 2,304 square feet and is occupied by a dental practice, providing an established office-use presence within the building.
Key Highlights
- Approximately 3,500 SF in Suite 110
- Shell‑condition space for a custom interior build‑out
- Medical, professional office, and other commercial uses identified
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,669
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$973,380
$973.4K
Cap Rate 7%
$695,271
$695.3K
Cap Rate 9%
$540,767
$540.8K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$91.1K $26.04/SF
− Vacancy
−$10.0K −$2.86/SF
EGI
$81.1K $23.18/SF
− OpEx
−$32.4K −$9.27/SF
NOI
$48.7K $13.91/SF
Area
Collin County, TX
Vacancy
11.00%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$973,380
Cap Rate 7%
$695,271
Cap Rate 9%
$540,767
Alternative Uses
Best Use
Healthcare Medical
$695.3K
$608.4K – $811.2K
NOI $48,669 @ 7.0% cap · market cap 3.71%
Second Best
Office B
$634.1K
$554.8K – $739.8K
NOI $44,387 @ 7.0% cap · market cap 3.38%
Theoretical Best
Industrial
$3.48M
$3.04M – $4.06M
NOI $243,447 @ 7.0% cap · market cap 18.55%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
232
Businesses Nearby
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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
$471,300
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Collin County, TX
Properties on Market for Office Units in Collin County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Shell-condition office space supports a tailored interior for medical, professional, or other commercial use.
Where is this office unit located?
The property is located at 1305 Summit View Lane Celina, TX.
What is the asking price?
The asking price for this property is $1,312,500.
What are key features of this property?
This property features: Approximately 3,500 SF in Suite 110; Shell‑condition space for a custom interior build‑out; Medical, professional office, and other commercial uses identified
