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    Sec Preston Rd & Collin County Loop Celina, TX 75009
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    Sec Preston Rd & Collin County Loop Celina, TX 75009

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    • Retail properties & Spaces
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    • Retail properties & Spaces

    Property Details for 0 Sec Preston Rd & Collin County Loop

    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional commercial land opportunity in Celina, Texas, presents a unique investment prospect for discerning buyers. Located at the highly visible intersection of Preston Road and the Collin County Loop, this property boasts a strategic location within a rapidly growing area. The site offers multiple buildable spaces, ranging from one to four acres, providing flexibility for various retail developments. With a total land area ranging from 1.4 to 4 acres, this parcel presents a significant opportunity to capitalize on the increasing demand for commercial space in Celina. The "0" square footage building size reflects the fact that this is raw land, ready for development according to the buyer's specifications. The property's classification as "Retail, Land" indicates its suitability for a variety of retail uses, making it an attractive option for developers seeking to establish a new commercial center or expand existing operations. Situated in Collin County, this location benefits from excellent access to major transportation routes, ensuring high visibility and convenient access for potential customers. The 75009 zip code further underscores the property's prime location within a thriving community. This is a rare chance to acquire a substantial land parcel in a high-growth area, ideal for a variety of retail ventures. The multiple space availability allows for flexibility in development plans, catering to diverse business needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Celina
    County
    Collin
    State
    Texas
    Longitude
    -96.7833
    Latitude
    33.2935

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      100.00 Acres

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      29.68 Acres

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      134.00 Acres

      5855 Co Rd

      Land • 134.00 Acres
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    Similar Nearby for Sale

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      6,300 SF

      Prime Commercial Land in Celina

      4.4 acres zoned commercial with highway frontage in booming Celina.
      870 N Preston Rd, Celina, TX 75009
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    • $799,000
      0.33 Acres

      Prime Celina Location for Development

      Excellent location for office, medical, or retail development.
      306 E Pecan St, Celina, TX 75009
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      Prime Corner Lot on Preston

      Hard corner lot ideal for retail development or ground lease.
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      1,716 SF

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      Prime location for office, medical, or retail development.
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      Land Available in Celina, Texas

      Land for sale in Collin County, located in Celina.
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    • $9,950,000
      32.12 Acres

      32.12 Acres Unimproved Land, Celina

      32.12 acres of unimproved land for sale in Celina, TX.
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    Similar Nearby for Lease

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      Land for Retail Development

      Land available for lease in rapidly growing Celina, Texas.
      Ownsby Pkwy & Preston Rd, Celina, TX 75009
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      5,877 SF

      Downtown Celina Restaurant Space

      Turnkey Restaurant, High Visibility, Patio & Stage
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      Retail/Restaurant Space on Frontier Pkwy

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      380 W Frontier Pkwy, Celina, TX 75009
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      Land Available in Celina, Texas

      Land available at Walmart anchored location in Celina, Texas.
      1771 Preston Rd, Celina, TX 75009
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      8,600 SF

      Celina Commercial Property with Warehouse

      Commercial property featuring a house and a large warehouse.
      910 N Preston Rd, Celina, TX 75009
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      4,357 SF

      Retail Space Near Future Development

      Available retail space in Celina, TX near future developments.
      416 E Cherry Wood Ln, Celina, TX 75009
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    Celina, TX 75009
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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.

    More about this property
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    Sec Preston Rd & Collin County Loop, Celina, TX, 75009
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