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Property profile & analytics
FOR LEASE
Office buildings
235 S Preston Rd Celina, TX 75009
Entity Owned
Absentee Owner
Free & Clear
Property ID
US83-1570614
No photos on file
For Lease
$6,000/Mo
235 S Preston Rd, Celina, TX 75009
View Listing →
Property summary
AI-generated overview
Doe Branch Office Park offers 24,400 square feet of premium Class A office space in Celina, Texas. This four-building, single-story complex boasts a prime location with Preston Road frontage, offering exceptional visibility and accessibility. Currently, 12,800 square feet of space is available, divisible into units ranging from 1,600 to 4,800 contiguous square feet. The property is ideally suited for traditional office, medical office, or creative office tenants. Built in 2023, the shell construction is complete, ready for tenant improvements. The park's location near Celina City Square and the Celina Entertainment District provides convenient access to amenities and a vibrant community. Situated in Collin County's Celina submarket (North Collin County cluster), this property benefits from Celina's designation as Texas's first Gigabit City, offering high-speed internet connectivity. The address is 205, 225, 235 & 245 S Preston Rd, Celina, TX 75009, with convenient access via Elm Street. This exceptional opportunity provides a modern, efficient, and strategically located workspace.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2023
Total area
24,801 SF
Lot
2.79 ac (121,576 SF)
Zoning code
COMM
APN
R-13230-00A-0010-1
UPID
US83-1570614
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Lone Star Vision Ophthalmologist (Bike/Boat/Book/etc) Store
-
Doe Branch Office Park Business Service Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.13M
Owner & transaction history
DOE BRANCH OFFICE PARK LLC
DOE BRANCH OFFICE PARK LLC
Zoning & alternative use
COMM · Celina, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Celina submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Celina submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,300,000
Current use
Blend value · Realmo final
$1.13M
Range $1.02M – $1.24M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$46 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$6,309,486
Assessed 2024
Assessed land
$2,431,519
Assessed improvement
$3,877,967
Land market value
$2,431,519
Improvement market value
$3,877,967
Total market value
$6,309,486
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2023
Stories
1
Total area
24,801 SF
Lot
2.79 ac (121,576 SF)
Zoning code
COMM
APN
R-13230-00A-0010-1
UPID
US83-1570614
Jurisdiction
COLLIN
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
COMM · Celina, TX
Zoning COMM · permitted uses
COMM · Celina, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Celina. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.3M
OFFICE BUILDING Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2023
Stories
1
Lot
2.79 ac
Current owner
From public records · entity-resolved
DOE BRANCH OFFICE PARK LLC
Entity
Free & Clear · 0 yrs held
Mailing address
5665 DALLAS PKWY STE #200, FRISCO, TX 75034-7373
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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