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    Industrial Land with Elevated Views Title is generated by Realmo AI

    N Louisiana Drive, Celina, TX 75009

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    For Sale
    $10,697,500

    LAND - Celina, TX

    Lot size:
    19.31 Acres
    Added:
    Mar 11, 2026
    Days on Market:
    85
    Last Refresh:
    Jun 3 at 8:06 pm

    Property Features for N Louisiana Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R635700000901
    Lot size
    19.31 Acres

    Taxes and HOA fees

    Tax Description
    ABS A0357 GERMAN EMIGRATION CO SURVEY, TRACT
    Tax Annual Amount
    3433

    Utilities

    Water source
    Public

    Building Details

    Year built
    1980

    We can help!

    Listing Contact
    Coryann Johnson
    Coryann Johnson

    Listing agent Coryann Johnson License #0450333

    Listing office Texas Homes and Land Celina, TX

    Listing date Mar 11, 2026

    MLS# 20903100 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

    • 19‑acre site just north of Downtown Celina on North Louisiana Street
    • Located just north of the future O'Brien Parkway intersection
    • Across from a 130‑acre residential development
    • Designated for future Industrial Commerce use
    • Public water available; flood‑free land reported
    • Residence on‑site (Year Built 1980) could be repurposed as an office or temporary space

    Overview

    This offering is an approximately 19.305-acre parcel of industrial land presented as a prime development opportunity. The property includes a residence on-site that could potentially be repurposed as office or temporary space to support early development needs. The site is described as flood-free and features a high elevation point, which may allow for broad, panoramic views of the surrounding countryside. The land is also designated for future Industrial Commerce use, supporting long-term development flexibility.

    The property is located just north of downtown Celina, along North Louisiana Street, near the future O'Brien Parkway intersection. It is positioned for visibility and access in a growth-oriented area, directly across from a 130-acre residential development. The description also notes proximity to newly opened elementary and middle schools. Additionally, the site is outside city limits, which the listing highlights as a way to preserve flexibility and reduce regulatory complexity.

    This assemblage is well-suited for developers, investors, and business owners seeking a prominent edge-of-market site with planned industrial commerce use. With its flood-free status, elevated topography, and ability to utilize an existing structure during early phases, the property may work for a range of future development concepts while benefiting from ongoing residential and educational growth nearby. The listing notes the property is also available as separate parcels.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Celina
    County
    Collin
    State
    Texas
    Longitude
    -96.7869039
    Latitude
    33.3507572

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    FAQs

    What type of property is this?
    Industrial land - Flood-free industrial land with high elevation for flexible commercial or residential development planning.
    Where is this industrial land located?
    The property is located at N Louisiana Drive Celina, TX.
    What is the asking price?
    The asking price for this property is $10,697,500.
    What are key features of this property?
    This property features: 19‑acre site just north of Downtown Celina on North Louisiana Street; Located just north of the future O'Brien Parkway intersection; Across from a 130‑acre residential development
    (214) 908-5468
    We can help!
    Listing Contact
    Coryann Johnson
    Coryann Johnson
    Real Estate License ID: 0450333
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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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