1407 Shelby Lane, Celina, TX 75009
- Added:
- Feb 11, 2026
- Days on Market:
- 112
- Last Refresh:
- Jun 3 at 5:06 pm
Property Features for 1407 Shelby Lane
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Open, Garage, Driveway
- Standard status
- Active
- APN
- R699148
- Lot size
- 3.70 Acres
Taxes and HOA fees
- Tax Description
- A0211A COWAN, TR 16A, 1. ACRES
- Tax Annual Amount
- 1741
Utilities
- Sewer type
- Aerobic Septic
- Heating system
- Electric (Heating), Central
- Cooling system
- Zoned, Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 2020
- Floors in Building
- 1
- Number of units
- 10
- Flooring type
- Carpet, Wood
- Roof type
- Composition
Listing agent Lynette Sandidge License #0629647 (214) 814-8100
Listing office Compass RE Texas, LLC Dallas, TX (469) 210-8288
Listing date Feb 11, 2026
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.
HighLights
- 3.7 unrestricted acres (161,172 SF) with no HOA and no deed restrictions for expansion, redevelopment, or ongoing income.
- Includes a 5‑bedroom doublewide mobile home and a 3‑bedroom single‑wide mobile home for multiple rental income streams.
- 7 RV parking spaces with utilities for additional rental income potential.
- 38' x 50' insulated shop with foam insulation for storage, business operations, or future commercial use.
- Celina ISD; served by public water and aerobic septic.
- 2020 construction with composition roof and central electric heating.
Overview
Located at 1407 Shelby Lane in Celina, Texas, the property is positioned in a rapidly growing corridor near the Dallas North Tollway and the future Outer Loop. With no HOA and no deed restrictions, the 161,172 SF lot offers broad flexibility for continued income production, expansion, redevelopment, or other long-range plans aligned with area growth. It also offers a balance of privacy and accessibility for tenants and future users.
For investors, developers, or owner-users, the combination of existing housing and RV utility hookups with a dedicated insulated shop makes this site a practical platform to deploy capital now and build options for later. The unrestricted structure supports a wide range of development directions while preserving the ability to maintain current rental income as plans progress.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $209.1k | $110.04 |
| − Vacancy | −$20.3k | −$10.67 |
| EGI | $188.8k | $99.37 |
| − OpEx | −$56.6k | −$29.81 |
| NOI | $132.2k | $69.56 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Celina
- County
- Collin
- State
- Texas
- Longitude
- -96.84551
- Latitude
- 33.301513
