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    Neq Frontier Pkwy Preston Rd Prosper, TX 75009

    For Sale
    Contact for pricing

    Prosper, TX commercial land - ideal development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 24-acre commercial land parcel presents a unique investment opportunity in the rapidly expanding Celina ETJ, Prosper ISD area of Collin County, Texas. Located at the intersection of NEQ Frontier Parkway and Preston Road, this property boasts a highly desirable location within one of North Texas' fastest-growing communities. According to the US Census Bureau, Prosper ranks as the second fastest-growing community in the region, experiencing robust residential growth with 661 annual home starts and 568 annual home closings, representing an estimated $311,959,611 in construction volume. The area's significant residential development is further evidenced by large-scale projects such as Carter Ranch (835 lots) and Wells South (approximately 1,236 lots), along with Blue Star Land's planned 1,867-home community at Star Trail. This substantial residential expansion creates a strong demand for commercial development, making this 24-acre tract ideally positioned to capitalize on the area's growth trajectory. The property's zoning designation, Celina ETJ Prosper ISD, offers flexibility for a variety of commercial uses, making it an attractive proposition for developers seeking to establish a presence in this thriving market. The property's address is NEQ Frontier Pkwy & Preston Rd, Celina, TX 75009. Its precise coordinates are latitude 33.2626852 and longitude -96.7843746.

    Property Features for 0 Neq Frontier Pkwy Preston Rd

    General Information

    Property type
    Land
    Lot Size
    1,045,440 SF

    HighLights

    • Prosper, TX is the 2nd fastest‑growing community in North Texas.
    • 661 annual residential building starts.
    • 568 annual residential home closings.
    • $311,959,611 estimated annual construction volume.
    • Carter Ranch (835 lots) and Wells South (approx. 1,236 lots) are significant residential developments.
    • Blue Star Land is developing a 1,867‑home community at Star Trail.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Prosper
    County
    Collin
    State
    Texas
    Longitude
    -96.7843746
    Latitude
    33.2626852

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    FAQs

    What type of property is this?
    Land - Prosper, TX commercial land - ideal development opportunity.
    Where is this land located?
    The property is located at Neq Frontier Pkwy Preston Rd Prosper, TX.
    What are key features of this property?
    This property features: Prosper, TX is the 2nd fastest-growing community in North Texas.; 661 annual residential building starts.; 568 annual residential home closings.
    (214) 526-3626
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    Realmo Value Estimation

    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.

    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.

    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
    Neq Frontier Pkwy Preston Rd Prosper, TX 75009
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