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    Downtown Retail Building Title is generated by Realmo AI

    221 W Pecan Street, Celina, TX 75009

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    Claim this Listing
    For Lease
    $34 SF/Yr $5,666/Mo (calc)

    COMMERCIAL - Celina, TX

    Type:Retail
    Property size:
    2,000 SF
    Lot size:
    0.08 Acres
    Added:
    Dec 23, 2025
    Days on Market:
    161
    Last Refresh:
    Jun 2 at 8:06 pm

    Property Features for 221 W Pecan Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Parking features
    Alley, On Street
    Standard status
    Active
    APN
    R102300701301
    Lot size
    0.08 Acres

    Taxes and HOA fees

    Tax Description
    CELINA ORIGINAL DONATION (CCL), BLK 7, LOT 13

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1925
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    Brick
    Roof type
    Mixed

    We can help!

    Listing Contact
    Chad Cunningham

    Listing agent Chad Cunningham License #0429318

    Listing office Elevated Property Management LLC. Celina, TX

    Listing date Dec 23, 2025

    MLS# 21135980

    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

    • Approx. 2,000 SF building in historic downtown Celina
    • Brick construction with concrete flooring
    • Central heating and central air conditioning
    • Public water and public sewer
    • Parking includes alley and on‑street parking

    Overview

    Located at 221 W Pecan Street in historic downtown Celina, this freestanding retail building offers approximately 2,000 square feet of space designed for a retail tenant looking for a visible, street-level presence. Tenant improvement (TI) is offered to support customization, and a sketch with approximate dimensions is available through the transaction desk.

    The building is positioned within the downtown retail environment of Celina, TX, providing an opportunity to serve local shoppers and complement surrounding commerce. Lease terms include CAM estimated at approximately $5.00 per square foot, with the final amount to be verified during lease negotiation. Pricing is provided on a per-square-foot basis as listed.

    This property should be well-suited for operators seeking a downtown retail footprint with the flexibility to tailor the interior to their concept, merchandising style, and customer flow. The availability of TI support can help reduce initial buildout constraints, while the building’s straightforward retail configuration offers a practical foundation for specialty retail, service-oriented storefronts, or other commercial retail uses consistent with the tenant’s build plans.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grace Bridge Resale ... Discount Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Celina
    County
    Collin
    State
    Texas
    Longitude
    -96.78544
    Latitude
    33.325102

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    FAQs

    What type of property is this?
    Retail space - Historic downtown retail building with tenant improvement support for a variety of street-level retail uses.
    Where is this retail space located?
    The property is located at 221 W Pecan Street Celina, TX.
    What is the lease rate?
    The lease rate is $34 SF/Yr.
    What are key features of this property?
    This property features: Approx. 2,000 SF building in historic downtown Celina; Brick construction with concrete flooring; Central heating and central air conditioning
    (469) 238-0310
    We can help!
    Listing Contact
    Chad Cunningham
    Real Estate License ID: 0429318
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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.

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