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    Office Condos in Growing Celina Title is generated by Realmo AI

    512 N Oklahoma Drive, Celina, TX 75009

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    New
    For Lease
    $3,000/Mo $8 SF/Yr (calc)

    Office - Celina, TX

    Type:Office
    Property size:
    4,500 SF
    Lot size:
    2.30 Acres
    Added:
    May 12, 2026
    Days on Market:
    1
    Last Refresh:
    May 12 at 11:06 pm

    Property Features for 512 N Oklahoma Drive

    General Information

    Property type
    Other
    Property subtype
    Office
    Property condition
    New Construction
    Standard status
    Active
    APN
    R102400000101
    Size
    4,500 SF
    Lot size
    2.30 Acres

    Utilities

    Heating system
    None (Heating)

    Building Details

    Year built
    2026
    Flooring type
    Concrete
    Building materials
    Brick, Stone, Stone Veneer
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Lisa Rogers
    Lisa Rogers

    Listing agent Lisa Rogers License #0643553

    Listing office Ashton Wall Real Estate 6136 Frisco Square Blvd STE 400, Frisco, TX

    Listing date May 12, 2026

    MLS# 21267891 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.

    HighLights

    • Located in Celina, one of the fastest‑growing areas in North Texas.
    • New construction professional office condos available for sale or lease.
    • Flexible suite sizes to fit specific business needs.
    • Delivered in cold and dark shell condition, allowing for custom interior design.
    • Strong growth and long‑term investment potential.
    • Modern exterior design with brick, stone, and metal roof.

    Overview

    Office condos in Celina are now pre-leasing and available for sale or lease, presenting a unique opportunity in a rapidly growing area of North Texas. The project consists of five buildings: three buildings with 4,500 square feet each, and two buildings with 3,750 square feet each. Designed for professional office, medical, and service-oriented users, these spaces offer the chance to establish a presence in a high-demand market. Spaces will be delivered in cold and dark shell condition, providing buyers and tenants the flexibility to customize the interiors to meet their specific needs. The buildings feature a modern exterior, flexible suite sizes, and a desirable location with strong growth and long-term investment potential. This location on N Oklahoma Drive is an excellent opportunity for owner-users, investors, or businesses looking to secure space early. The property is situated on a 2.3-acre lot. This is a NNN lease, and NNN will be added to the base lease rate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    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
    -96.782376
    Latitude
    33.326774

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    FAQs

    What type of property is this?
    Office units - Pre-leasing office condos in a rapidly growing North Texas area.
    Where is this office units located?
    The property is located at 512 N Oklahoma Drive Celina, TX.
    What is the lease rate?
    The lease rate is $3,000 /Mo.
    What are key features of this property?
    This property features: Located in Celina, one of the fastest‑growing areas in North Texas.; New construction professional office condos available for sale or lease.; Flexible suite sizes to fit specific business needs.
    (214) 558-7355
    We can help!
    Listing Contact
    Lisa Rogers
    Lisa Rogers
    Real Estate License ID: 0643553
    Learn More
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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.

    More about this property
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