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    CR-9 Celina Tx 75009 Celina, TX 75009
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    Property profile & analytics

    CR-9 Celina Tx 75009 Celina, TX 75009

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    • Retail properties & Spaces
    • 29.68 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for CR-9 Celina Tx 75009

    Lot size
    29.68 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional 29.676-acre tract is situated at the northeast quadrant of the Dallas North Tollway (DNT) and County Road 9 (CR-9) in Celina, Texas – the state's fastest-growing city. Zoned PD-117 (Commercial Pads), this property offers significant development opportunities for retail and mixed-use projects. Its strategic location provides convenient access to major roadways and amenities, including proximity to the new Dallas North Tollway extension and Celina Parkway/CR-9. The property is adjacent to Legacy Hills, a thriving 3,200-acre master-planned community, ensuring a strong surrounding infrastructure and established residential base. The site's potential extends beyond retail, with a portion suitable for multifamily development, addressing the high demand for housing in this rapidly expanding area. Furthermore, the property's location near a planned HEB development adds to its considerable investment appeal. This is a rare opportunity to acquire a large parcel of land in one of Texas's most dynamic growth corridors. The property is offered for sale by owner.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Celina
    County
    United States
    State
    Texas
    Longitude
    -96.8366
    Latitude
    33.343

    Comparable in this City

    • Value Estimation by Request
      5.61 Acres

      2350 Louisiana Dr

      Retail properties & Spaces • 5.61 Acres
      2350 Louisiana Dr, Celina, TX 75009
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    • Value Estimation by Request
      30.50 Acres

      Sec Dallas Pkwy & Punk Carter Pkwy

      Multifamily properties • 30.50 Acres
      0 Sec Dallas Pkwy & Punk Carter Pkwy, Celina, TX 75009
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    • Value Estimation by Request
      100.00 Acres

      Ownsby Pkwy & Preston Rd

      Farms • 1 SF
      0 Ownsby Pkwy & Preston Rd, Celina, TX 75009
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    • Value Estimation by Request

      Sec Preston Rd & Collin County Loop

      Land
      0 Sec Preston Rd & Collin County Loop, Celina, TX 75009
      View Details
    • Value Estimation by Request
      7,770 SF

      3608 Dallas Pkwy

      Restaurants • 7,770 SF
      3608 Dallas Pkwy, Celina, TX 75009
      View Details
    • Value Estimation by Request
      5.14 Acres

      8520 Co Rd

      Farms • 223,768 SF
      8520 Co Rd, Celina, TX 75009
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      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
      View Details
    • $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
      View Details
    • Contact for pricing

      Prime Corner Lot on Preston

      Hard corner lot ideal for retail development or ground lease.
      Celina TX Nec Preston Rd. & Ownsby Pkwy, Celina, TX 75009
      View Details
    • Contact for pricing
      1,716 SF

      Commercial Lot in Historic Downtown

      Prime location for office, medical, or retail development.
      306 E Pecan St, Celina, TX 75009
      View Details
    • $5,000,000

      Land Available in Celina, Texas

      Land for sale in Collin County, located in Celina.
      1199 E Sunset Blvd, Celina, TX 75009
      View Details
    • $9,950,000
      32.12 Acres

      32.12 Acres Unimproved Land, Celina

      32.12 acres of unimproved land for sale in Celina, TX.
      2901 Legacy Dr, Celina, TX 75009
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land for Retail Development

      Land available for lease in rapidly growing Celina, Texas.
      Ownsby Pkwy & Preston Rd, Celina, TX 75009
      View Details
    • Contact for pricing

      Retail/Restaurant Space on Frontier Pkwy

      Highly visible retail and restaurant spaces available for lease.
      380 W Frontier Pkwy, Celina, TX 75009
      View Details
    • Contact for pricing
      5,877 SF

      Downtown Celina Restaurant Space

      Turnkey Restaurant, High Visibility, Patio & Stage
      218 W Walnut St | Celina, TX 75009, Celina, TX 75009
      View Details
    • Contact for pricing

      Land Available in Celina, Texas

      Land available at Walmart anchored location in Celina, Texas.
      1771 Preston Rd, Celina, TX 75009
      View Details
    • Contact for pricing
      8,600 SF

      Celina Commercial Property with Warehouse

      Commercial property featuring a house and a large warehouse.
      910 N Preston Rd, Celina, TX 75009
      View Details
    • Contact for pricing
      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
      View Details
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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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