Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    Frontier Pkwy Prosper, TX 75009

    • Land
    • 1.50 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Frontier Pkwy

    Lot size
    1.50 lot acres
    Property type
    Land

    Description

    This exceptional 1.5-acre commercial land parcel presents a unique investment opportunity in the thriving Celina, Texas market. Located at the intersection of W Frontier Pkwy and conveniently situated directly across from Prosper High School and the Prosper Independent School District (PISD) sports complex, this property boasts high visibility and accessibility to approximately 13,900 students. The site offers significant advantages for developers seeking high-traffic locations. The land is divisible, with the potential to create approximately 0.86 acres at the front and 1.632 acres at the rear, allowing for flexible development plans. All utilities are already delivered to the site, simplifying the construction process and reducing development costs. The zoning permits drive-thru facilities, opening up possibilities for a wide range of commercial uses, from restaurants and retail to banks and other service-oriented businesses. This strategic location, combined with its size and utility access, makes this property an ideal choice for investors seeking a high-return investment in a rapidly growing area. The signalized intersection ensures excellent visibility and convenient access for customers. Don't miss this chance to acquire a prime commercial property in a highly desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Prosper
    County
    Collin
    State
    Texas
    Longitude
    -96.8143
    Latitude
    33.2627

    Comparable in this City

    • Value Estimation by Request
      5.61 Acres

      2350 Louisiana Dr

      Retail properties • 5.61 Acres
      2350 Louisiana Dr, Celina, TX 75009
      View Details
    • Value Estimation by Request
      2.00 Acres

      51 County Rd

      Land • 2.00 Acres
      51 County Rd, Celina, TX 75009
      View Details
    • Value Estimation by Request
      34.95 Acres

      Choate Pkwy

      Land • 34.95 Acres
      0 Choate Pkwy, Celina, TX 75009
      View Details
    • Value Estimation by Request

      303 Virginia Dr

      Land
      303 Virginia Dr, Celina, TX 75009
      View Details
    • Value Estimation by Request
      12.83 Acres

      Rawhide Rd

      Land • 12.83 Acres
      0 Rawhide Rd, Celina, TX 75009
      View Details
    • Value Estimation by Request
      0.56 Acres

      Nwq Of Preston Rd & Elm St

      Land • 0.56 Acres
      0 Nwq Of Preston Rd & Elm St, Celina, TX 75009
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6.90 Acres

      Celina Marketplace: Prime Commercial Land

      6.9 Acres, High-Traffic Location, Celina, TX
      520 Preston Rd, Celina, TX 75009
      View Details
    • Contact for pricing

      Celina Commercial Land Opportunity

      Prime Commercial Land - Celina, TX
      1513 Preston Rd, Celina, TX 75009
      View Details
    • Contact for pricing
      8.90 Acres

      Celina Downtown Commercial Land

      8.9 acres, prime Celina location. Excellent development potential.
      399 Malone St, Celina, TX 75009
      View Details
    • Contact for pricing
      2.00 Acres

      Celina Land: DNT & Outer Loop

      Prime 2-5 acre commercial land
      0 County Rd 51, Celina, TX 75009
      View Details
    • $13,500,000
      9.26 Acres

      Celina Ranch Land - Tollway Frontage

      9.26 Acres, Prime Commercial Land
      0000 Dallas Pkwy, Celina, TX 75009
      View Details
    • Contact for pricing
      24.00 Acres

      Prime 24-Acre Commercial Land

      Prosper, TX commercial land - ideal development opportunity.
      0 Neq Frontier Pkwy Preston Rd, Prosper, TX 75009
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      13,199 SF

      Celina Commercial Land - Highway 289

      Prime Celina location, 13,119 sq ft lot, highway frontage.
      303 Virginia Dr, Celina, TX 75009
      View Details
    • Contact for pricing
      1 SF

      Celina, TX Retail Land Opportunity

      166 Acres, Single Tenant, High Growth
      1771 Preston Rd, Celina, TX 75009
      View Details
    • Contact for pricing
      1 SF

      Celina Retail Land Opportunity

      100 Acres, Prime Retail Location
      0 Ownsby Pkwy & Preston Rd, Celina, TX 75009
      View Details
    • $12,500 /Mo
      5,800 SF

      Celina Commercial Land and Flex

      4.25 acres of commercial land with flex space available for rent.
      870 N Preston Rd, Celina, TX 75009
      View Details
    • $4,500 /Mo

      Commercial Land for Rent

      Commercial land available for rent with gated access control.
      4225 Prairie Crossing Dr, Celina, TX 75009
      View Details
    • Contact for pricing

      Land Available on Preston Road

      Approximately 3.5 acres available for lease on Preston Road.
      and C.R. 91 Preston Rd, Celina, TX 75009
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Frontier Pkwy
    Prosper, TX 75009
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.