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    5192 Preston Rd Celina, TX 75009

    For Sale
    Contact for pricing

    12 Acres, 320 Units Entitled

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 12-acre tract in Celina, Texas, presents a remarkable opportunity for multifamily development. Located at 5192 S Preston Rd, 75009, in Collin County, this property is zoned PD-48 and has entitlements in place for a 320-unit multifamily project. Its prime location offers unparalleled access to a thriving community and significant growth potential. The land sits directly across from a future HEB grocery store, ensuring convenient access to essential amenities for future residents. Furthermore, the property is surrounded by established and rapidly expanding residential communities, including Glen Crossing (475 lots), Carter Ranch (835 lots), and Bluewood (838 lots), providing a robust existing and growing population base. The proximity to the Collin College campus adds another layer of appeal, attracting students and young professionals. This strategically located parcel offers a unique chance to capitalize on the explosive growth in Celina, Texas, and create a highly desirable multifamily community. The property's agricultural and residential subtypes offer flexibility for future development plans. Detailed information and pricing are available upon request.

    Property Features for 5192 Preston Rd

    General Information

    Property type
    Multifamily properties
    Lot Size
    522,720 SF

    HighLights

    • 12‑acre land parcel in Celina, TX.
    • Zoned PD‑48 for 320 multifamily units.
    • Located across from a future HEB grocery store.
    • Surrounded by established residential developments.
    • Close proximity to Collin College.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Pharmacy Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Celina
    County
    Collin
    State
    Texas
    Longitude
    -96.783840591905
    Latitude
    33.293180537239

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    FAQs

    What type of property is this?
    Multifamily property - 12 Acres, 320 Units Entitled
    Where is this multifamily property located?
    The property is located at 5192 Preston Rd Celina, TX.
    What are key features of this property?
    This property features: 12-acre land parcel in Celina, TX.; Zoned PD-48 for 320 multifamily units.; Located across from a future HEB grocery store.
    Request Owner's contact information
    5192 Preston Rd Celina, TX 75009
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    Celina, TX 75009
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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
    5192 Preston Rd Celina, TX 75009
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