Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1375 Shelby Ln Celina, TX 75009
    Back to Search
    Property profile & analytics

    1375 Shelby Ln Celina, TX 75009

    View on Map
    • Commercial real estate
    • 10.51 lot acres
    Off-Market
    Property ID
    US83-1859864
    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

    • Commercial real estate

    Property Details for 1375 Shelby Ln

    Lot size
    10.51 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 10.51-acre commercial land parcel presents a remarkable investment opportunity in the rapidly expanding city of Celina, Texas. Located just west of the Dallas North Tollway and minutes from downtown Celina, this level lot offers unparalleled access to major transportation arteries. Situated near the future Outer Loop and a brand-new hospital at the intersection of the Dallas North Tollway and FM 428, the property benefits from exceptional visibility and convenient access to a growing residential population. The property is in the Celina ETJ (Extra Territorial Jurisdiction) with no known restrictions or flood zone concerns. This advantageous location adjoins Celina ISD land, and future subdivision development is planned for the surrounding area, promising significant appreciation potential. Shelby Lane, a planned four-lane road, will provide excellent connectivity to six-lane roads to the north and south. The city's recent addition of a new water line to Shelby Lane further enhances the property's development potential, with sewer access available closer to the Outer Loop. This versatile land is ideal for mixed-use development, capitalizing on the high demand for commercial space in this booming area. The property's proximity to a substantial existing residential base ensures a strong market for any development project. This is a rare chance to acquire a significant land holding in one of the nation's fastest-growing cities.

    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
    Denton
    State
    Texas
    Longitude
    -96.847495732223
    Latitude
    33.302104973663

    Comparable in this City

    • $6,500,000
      10.25 Acres

      Celina Land with Income Potential

      10.25 acres in Celina, TX with development options.
      870 N Preston Rd, Celina, TX 75009
      View Details
    • $5,208,800
      30.64 Acres

      30.64 Acres of Unimproved Land

      Unimproved land in Celina, TX, with wooded creek.
      Tbd3 County Road 173, Celina, TX 75009
      View Details
    • $2,754,734
      4.96 Acres

      Celina, TX Industrial Land

      4.9-acre investment property designated for future industrial commerce use.
      2364 N Louisiana Dr, Celina, TX 75009
      View Details
    • $47,584,944
      54.62 Acres

      Celina Land for Commercial Development

      54.62 acres in Celina, TX, ideal for commercial development.
      Tbd Fm 2478, Celina, TX 75009
      View Details
    • $799,000
      2.00 Acres

      Prime Land in Celina, TX

      Two-acre commercial land tract in fast-growing West Celina.
      16880 O'brien Pkwy, Celina, TX 75009
      View Details
    • $375,000
      1.08 Acres

      Celina Land in Gated Community

      One-acre homesite in Celina's luxury gated Shiloh Estates.
      18 County Road 134, Celina, TX 75009
      View Details

    Similar Nearby for Sale

    • $840,000
      2.51 Acres

      2.51 Acres Improved Land

      2.51 acres of improved land in Celina, Texas.
      1025 Smiley Ct, Celina, TX 75009
      View Details
    • $8,900,000
      7.38 Acres

      Development Land in Celina, TX

      7.38 acres in Celina, TX, prime development opportunity.
      5277 County Road 52, Celina, TX 75009
      View Details
    • $2,000,000
      4.96 Acres

      Unzoned Land Near Downtown Celina

      4.96 acres near downtown Celina with development potential.
      2410 N Louisiana Dr, Celina, TX 75009
      View Details
    • $8,522,500
      24.61 Acres

      24.61 Acres in Celina, TX

      Prime land in Celina, TX, for residential or commercial development.
      Tbd Legacy Dr, Celina, TX 75009
      View Details
    • $1,500,000
      1.60 Acres

      Commercial Build Site in Celina

      1.6 acre commercial land for sale in Celina, TX.
      1212 S Preston Rd, Celina, TX 75009
      View Details
    • $3,600,000
      7.00 Acres

      Wedding & Events Venue on Land

      Operating wedding venue on 7 acres in Celina, Texas.
      1105 W Cottage Hill Pkwy, Celina, TX 75009
      View Details

    Similar Nearby for Lease

    • 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

      Prime Development Site in Celina

      Development site with highway access and excellent visibility.
      303 S Virginia Dr, Celina, TX 75009
      View Details
    • Contact for pricing

      Development Site in High Growth Area

      0.3-acre development site in a rapidly growing DFW market.
      303 S Virginia Dr, Celina, TX 75009
      View Details
    • $4,500 /Mo

      Commercial Land for Rent

      Commercial land available for rent with gated access control.
      4225 Prairie Crossing Dr, Celina, TX 75009
      View Details
    • Contact for pricing

      Versatile Commercial Property on Preston Road

      5,594 SF commercial property with yard on 4.4 acres.
      870 North Preston Rd, Celina, TX 75009
      View Details
    • Contact for pricing

      Retail Pad Sites For Rent

      Retail pad sites and strip with frontage on Preston Road.
      Neq Preston Rd & Glendenning Pkwy, 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.
    1375 Shelby Ln
    Celina, TX 75009
    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
    1375 Shelby Ln, 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!