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    511 Elm St Celina, TX 75009
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    511 Elm St Celina, TX 75009

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    • Commercial real estate
    • 1.00 lot acres
    For Sale
    $750,000
    View Listing →
    Land For Sale in Celina For Sale
    $750,000
    1.00 Acres

    Land For Sale in Celina

    Improved land available in Celina, Texas.

    511 Elm, Celina, TX 75009
    View Listing
    Property ID
    US82-2484116
    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 511 Elm St

    Lot size
    1.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 1.002-acre residential lot presents a unique opportunity for building your dream home in the desirable city of Celina, Texas. Located on Elm Street, this property boasts a convenient location near Preston Road, offering easy access to local amenities, schools, and major transportation routes. The expansive lot provides ample space for a custom home design, allowing for personalized landscaping and outdoor living areas. Situated in Collin County, this property benefits from the area's strong growth and thriving community. The address is 511 E Elm St, Celina, TX 75009. With its ideal size and prime location, this lot is perfect for those seeking to build in a sought-after area. The asking price for this exceptional property is $750,000. Don't miss this chance to secure your piece of Celina's vibrant landscape. The property is zoned for residential use and offers a blank canvas for your future home. The geographic coordinates are 33.3204272 latitude and -96.779023 longitude. This is a rare opportunity to acquire a substantial lot in a rapidly developing area.

    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
    -96.779023
    Latitude
    33.3204272

    Comparable in this City

    • $750,000
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      Prime Downtown Celina Investment Opportunity

      0.66 acres near Historic Downtown Celina with redevelopment potential.
      302 N Arizona Dr, Celina, TX 75009
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    • $1,795,000
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      Unrestricted Acres in Growing Corridor

      3.7 acres with income potential near Dallas North Tollway.
      1407 Shelby Ln, Celina, TX 75009
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    • $4,200,000
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      Celina Estate with Equestrian Facilities

      49.7-acre estate with equestrian facilities and income potential.
      1500 Eden Rdg, Celina, TX 75009
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    • $4,200,000
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      Equestrian Estate with Income Potential

      49.7-acre Celina estate with equestrian facilities and income potential.
      1500 Eden Rdg, Celina, TX 75009
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    • $449,000
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      Updated Duplex in Celina, TX

      Updated duplex near historic downtown Celina, a great investment opportunity.
      305 North Arizona Dr, Celina, TX 75009
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    • $6,500,000
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      Celina Land with Income Potential

      10.25 acres in Celina, TX with development options.
      870 N Preston Rd, Celina, TX 75009
      View Details

    Similar Nearby for Sale

    • $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
    • $1,795,000
      3.70 Acres

      Unrestricted Acres in Growing Corridor

      3.7 acres with income potential near Dallas North Tollway.
      1407 Shelby Ln, Celina, TX 75009
      View Details
    • $4,200,000
      5,000 SF

      Equestrian Estate with Income Potential

      49.7-acre Celina estate with equestrian facilities and income potential.
      1500 Eden Rdg, Celina, TX 75009
      View Details
    • $4,200,000
      5,339 SF

      Celina Estate with Equestrian Facilities

      49.7-acre estate with equestrian facilities and income potential.
      1500 Eden Rdg, Celina, TX 75009
      View Details
    • $449,000
      Pending

      Updated Duplex in Celina, TX

      Updated duplex near historic downtown Celina, a great investment opportunity.
      305 North Arizona Dr, Celina, TX 75009
      View Details
    • $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

    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
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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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