0 Nec Preston Rd & Ownsby Pkwy, Celina, TX 75009
This exceptional 5.35-acre commercial land parcel is situated at the northeast corner of Preston Road and Ownsby Parkway in Celina, Texas, zip code 75009. The property boasts excellent visibility and accessibility due to its prominent hard corner location, experiencing high traffic counts. Zoned for commercial use, this site presents numerous development opportunities, including retail, office, mixed-use, and restaurant establishments. The location is strategically positioned near Celina Town Center, south of Carter Ranch, and west of Hillwood's new residential development, ensuring a strong surrounding residential base. Both Preston Road and Ownsby Parkway are slated for expansion to six lanes, further enhancing accessibility and visibility. The property benefits from its proximity to recently completed and currently under-construction developments, including a new Costco and Lowe's. The property owner is open to various offers, but prefers a ground lease arrangement. This exceptional parcel offers a rare opportunity to capitalize on the rapid growth and development occurring in Celina, Collin County. The significant frontage on Preston Road provides unparalleled exposure for any commercial venture.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.