Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1341 Preston Rd Celina, TX 75009-3888
    Back to Search
    Property profile & analytics

    1341 Preston Rd Celina, TX 75009-3888

    View on Map
    • Office buildings
    • 5,472 SF
    • 0.66 lot acres
    Off-Market
    Property ID
    US82-4646011
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • A Bar N Ranch / Big Box & Wholesale Store
    • Herrin Real Estate / Real Estate Agency
    • Coryann Johnson - Texas Homes and Land / Real Estate Agency
    • Eileen Ju - Gateway Mortgage / Loan Service / Bank
    • Specialty Land Services, LLC / Real Estate Agency

    Property Details for 1341 Preston Rd

    Year built
    2004
    Lot size
    0.66 lot acres
    Property size
    5,472 SF
    Property type
    Office buildings
    APN
    R-8198-00A-0020-1
    APU
    R819800A00201

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Celina
    County
    Collin
    State
    Texas
    Longitude
    -96.7826
    Latitude
    33.3094
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $19,816
    $519,924
    $397,621
    $917,545
    -
    $519,924
    $397,621
    $917,545

    Comparable in this City

    • Value Estimation
      $1,270,000
      22,334 SF

      1212 Preston Rd

      OFFICE BUILDING • 22,334 SF
      1212 Preston Rd, Celina, TX 75009-3839
      View Details
    • Value Estimation by Request
      1,304 SF

      109 Ohio St

      OFFICE BUILDING • 1,304 SF
      109 Ohio St, Celina, TX 75009-6500
      View Details
    • Value Estimation
      $1,130,000
      24,801 SF

      205 Preston Rd

      OFFICE BUILDING • 24,801 SF
      205 Preston Rd, Celina, TX 75009-4074
      View Details
    • Value Estimation by Request
      7,846 SF

      3248 Preston Rd

      OFFICE BUILDING • 7,846 SF
      3248 Preston Rd, Celina, TX 75009-3875
      View Details
    • Value Estimation by Request
      4,899 SF

      5808 County Rd 171

      OFFICE BUILDING • 4,899 SF
      5808 County Rd 171, Celina, TX 75009-5101
      View Details
    • Value Estimation
      $715,000
      12,370 SF

      322 Walnut St

      OFFICE BUILDING • 12,370 SF
      322 Walnut St, Celina, TX 75009-6183
      View Details

    Similar Nearby for Sale

    • $10,500,000
      2.40 Acres

      Class A Office Building Celina

      Fully leased Class A office building on Preston Rd in Celina.
      1212 S Preston Rd, Celina, TX 75009
      View Details
    • $12,000,000

      Fully Leased Office Building Package

      22,000 SF office building and 1.6-acre commercial land.
      1212 South Preston Rd, Celina, TX 75009
      View Details
    • $1,590,000
      1.16 Acres

      Celina Commercial Property with Warehouse

      Commercial property featuring office/retail space and a large warehouse.
      910 Preston Rd, Celina, TX 75009
      View Details
    • $750,000
      0.66 Acres

      Prime Downtown Celina Investment Opportunity

      0.66 acres near Historic Downtown Celina with redevelopment potential.
      302 N Arizona Dr, 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
    • $1,099,000
      0.08 Acres

      Historic Celina Retail/Office Building

      Unique retail/office building in Celina's historic downtown square.
      239 W Pecan St, Celina, TX 75009
      View Details

    Similar Nearby for Lease

    • 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
    • $38 SF/Yr
      24,002 SF

      Medical Office Space For Lease

      2000 SF medical office space available for lease.
      1050 S Preston Rd, Celina, TX 75009
      View Details
    • $38 SF/Yr
      24,002 SF

      Medical Office Space For Lease

      2000 SF medical office space available for lease.
      1050 S Preston Rd, Celina, TX 75009
      View Details
    • Contact for pricing
      2,604 SF

      Office Space with Private Entrance

      Office space featuring private entrance, signage, and included amenities.
      590 W Frontier Pkwy, Celina, TX 75009
      View Details
    • $38 SF/Yr

      Upscale Office Space Available

      Move-in ready office space near Dallas North Tollway.
      1212 S Preston Rd, Celina, TX 75009
      View Details
    • Contact for pricing
      2,407 SF

      Medical/Professional Space on Preston Road

      Multi-building project with suites available Summer 2025.
      3945 S 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.
    1341 Preston Rd
    Celina, TX 75009-3888
    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

    Thank You for Inquiry
    1341 Preston Rd, Celina, TX, 75009
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!