999 Preston Rd Celina, TX 75009
This exceptional 18.143-acre unimproved land parcel presents a unique investment opportunity in Celina, Texas, a rapidly growing city. Located on North Preston Road (SH 289), between James Road and Kinney Drive, this property boasts excellent frontage within Celina's Preston Corridor, offering significant potential for future commercial and luxury residential development. Three distinct division options are available, providing flexibility for various development plans. The property currently lacks zoning, requiring the buyer to engage with the city for development plan approval. However, the city holds the necessary connections for water and sewer services. A gas distribution line runs beneath Preston Road. The absence of a homeowner's association (HOA) adds to the appeal. Conveniently situated just two miles from Celina's downtown area and four miles from the Collin County Outer Loop, this location offers unparalleled accessibility. All information provided is believed to be accurate but is not guaranteed. The APN is R617000201901.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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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.