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    Commercial Land with Major Road Frontage Title is generated by Realmo AI

    870 N Preston Road, Celina, TX 75009

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    Claim this Listing
    For Sale
    $6,500,000

    COMMERCIAL - Celina, TX

    Lot size:
    10.25 Acres
    Added:
    Jan 22, 2026
    Days on Market:
    132
    Last Refresh:
    Jun 3 at 10:06 pm

    Property Features for 870 N Preston Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Security features
    Security
    Standard status
    Active
    APN
    R617000201601
    Lot size
    10.25 Acres

    Taxes and HOA fees

    Tax Description
    ABS A0170 COLLIN COUNTY SCHOOL LAND #15 SURVE
    Tax Annual Amount
    25586

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Central
    Cooling system
    Electric
    Water source
    Public

    Building Details

    Year built
    1990
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    Brick
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Wayne Myers

    Listing agent Wayne Myers License #0688251

    Listing office Keller Williams Prosper Celina Celina, TX

    Listing date Jan 22, 2026

    MLS# 20543764

    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

    • 4.4 acres zoned commercial with 176 ft of frontage on Texas State Highway 289 (Preston Rd)
    • Active income‑producing lease with an established landscaping business; lease can be vacated
    • 5.8 additional acres unzoned and outside the city limits for flexible development options
    • Property includes a 1990‑built brick structure with central heating and electric cooling
    • Utilities include public water and septic tank sewer
    • Asphalt shingle roof with concrete flooring

    Overview

    This offering presents a 10.25-acre commercial land package that includes two distinct portions: 4.4 acres zoned commercial and 5.8 acres described as unzoned and outside the city limits. The property is currently tied to an active, income-producing lease for a well-established landscaping business; the site can also be vacated. With a mix of zoned and unzoned areas, the land configuration is intended to support a range of development and investment strategies.

    The property features 176 feet of frontage on Texas State Highway 289 (Preston Rd), described in the remarks as a major artery road with high traffic counts. The listing also notes significant planned developments nearby, including 10,000+ residential homes and mixed-use retail.

    For investors and developers, this land has the appeal of immediate income potential through the existing lease while preserving flexibility for future site planning across both the commercially zoned acreage and the unzoned portion. The combination of roadway frontage and a mixed entitlement basis may be attractive to buyers seeking long-term optionality in a growing North Texas market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Silversand Services Landscaping Ana Leez @ Texas ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center 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
    -96.773958
    Latitude
    33.332451

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    FAQs

    What type of property is this?
    Commercial land - Active landscaping business lease in place or site can be vacated, with major-artery frontage for future development.
    Where is this commercial land located?
    The property is located at 870 N Preston Road Celina, TX.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: 4.4 acres zoned commercial with 176 ft of frontage on Texas State Highway 289 (Preston Rd); Active income‑producing lease with an established landscaping business; lease can be vacated; 5.8 additional acres unzoned and outside the city limits for flexible development options
    (972) 382-8882
    We can help!
    Listing Contact
    Wayne Myers
    Real Estate License ID: 0688251
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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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