5398 Smiley Rd Celina, TX 75009
This exceptional 5-acre property in Celina, Texas, presents a unique investment opportunity in one of the nation's fastest-growing areas. Located at the convergence of major thoroughfares including the Dallas Tollway, Outer Loop (FM 428), Teel Parkway, and FM 1385, this land boasts unparalleled access and visibility. Currently enjoying agricultural exemption, the property offers 190 feet of frontage on Teel Parkway, which is slated for expansion to six lanes. Its proximity to key roadways ensures easy access to Prosper, Celina, Aubrey, and Pilot Point. The site is a quarter-mile from the Outer Loop freeway and within a few miles of FM 1385 and the Dallas Parkway. The 217,800 square foot parcel is priced at $6.20 per square foot, totaling $1,350,000. The property's strategic location near the City of Celina's Earthman Park further enhances its appeal. With no city restrictions, this land offers significant development potential for a variety of uses, including apartment buildings, RV parks, or single-family rental portfolios. This is a rare chance to acquire a substantial tract of land in a booming Texas market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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