Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    824 S Central Expy Anna, TX 75409

    • Commercial real estate
    • 29,372 SF
    • 3.78 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4141279
    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.

    Current Use by Public Records

    • Adon Complete Air Conditioning and Heating / Hardware & Home Improvement / HVAC Service
    • 7 Sins Vapor / (Bike/Boat/Book/etc) Store / Alternative Medicine Practice
    • Goody Goody Liquor / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
    • Dr. Mohammad Khan / Physician

    Property Details for 824 S Central Expy

    Year built
    2007
    Lot size
    3.78 lot acres
    Property size
    29,372 SF
    Property type
    Commercial real estate
    APN
    R-9284-00A-001R-1
    APU
    R928400A001R1

    Description

    This exceptional 1.438-acre commercial land parcel presents a remarkable investment opportunity in the thriving city of Anna, Texas. Situated at 824 S Central Expy, in Collin County, zip code 75409, this property offers unparalleled potential for a variety of commercial developments. The land is priced at $20 per square foot, representing a competitive value in this rapidly growing area. Its location provides excellent visibility and accessibility, making it an ideal site for businesses seeking high traffic exposure. The property's coordinates are 33.34224633 latitude and -96.58766109 longitude. A virtual tour is available online to allow for a comprehensive preview of the site's potential. This is a rare opportunity to acquire a substantial commercial land holding in a dynamic Texas market. The property's size and location make it suitable for a wide range of commercial uses, offering significant long-term growth prospects. Serious inquiries are encouraged to explore the possibilities of this exceptional property. Further details are available upon request. Don't miss this chance to secure a prime piece of Anna, Texas real estate.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,755,000
      6.5%
      $6,235,000
      7%
      $5,790,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $5,136,000
      Market price range: $1.46M - $5.14M

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

    Location Insight

    • Map
    • Local Demand
    City
    Anna
    County
    Collin
    State
    Texas
    Longitude
    -96.5885
    Latitude
    33.3433
    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
    $116,477
    $1,315,860
    $4,675,511
    $5,991,371
    -
    $1,315,860
    $4,675,511
    $5,991,371

    Comparable in this City

    • Value Estimation by Request
      1.13 Acres

      Xing Blvd & Rosamond Pkwy

      Land • 1.13 Acres
      0 Xing Blvd & Rosamond Pkwy, Anna, TX 75409
      View Details
    • Value Estimation by Request
      10.30 Acres

      455 Farm To Market Rd

      Land • 10.30 Acres
      455 Farm To Market Rd, Anna, TX 75409
      View Details
    • Value Estimation by Request
      63,270.00 Acres

      8685 Fm 1827

      Multifamily properties • 5,120 SF
      8685 Fm 1827, Anna, TX 75409
      View Details
    • Value Estimation by Request
      1.00 Acre

      NWC Hwy 5 & Rosamond Pkwy

      Land • 1.00 Acre
      NWC Hwy 5 & Rosamond Pkwy, Anna, TX 75409
      View Details
    • Value Estimation by Request
      1,260 SF

      412 Private Rd

      COMMERCIAL (GENERAL) • 1,260 SF
      412 Private Rd, Anna, TX 75409
      View Details
    • Value Estimation by Request
      1,260 SF

      412 Private Rd

      COMMERCIAL (GENERAL) • 1,260 SF
      412 Private Rd, Anna, TX 75409
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      70.00 Acres

      Rosamond Corners: Prime TX Land

      70 Acres, Anna, TX Retail Development
      2710 Hackberry Dr, Anna, TX 75409
      View Details
    • $3,000,000
      63,270.00 Acres

      Texas Ranch Venue: 63 Acres

      Luxury Ranch, Event Venue, Family Estate
      8685 Fm 1827, Anna, TX 75409
      View Details
    • $798,000
      9.00 Acres

      Tbd County Rd 531

      Land • 9.00 Acres
      0 Tbd County Rd 531, Anna, TX 75409
      View Details
    • Contact for pricing
      10.30 Acres

      Anna, TX Commercial Land - 10.3 Acres

      Prime Anna, TX commercial land, ETJ location.
      0 Farm To Market Rd 455, Anna, TX 75409
      View Details
    • Contact for pricing
      6.00 Acres

      Anna, TX Commercial Land - 6 Acres

      Prime Commercial Land Near Hwy 75
      0 Ferguson Pkwy & FM 455, Anna, TX 75409
      View Details
    • $595,000
      0.94 Acres

      Anna, TX Highway 5 Investment

      Prime Anna location, high traffic area. Rezoning potential.
      1018 Powell St, Anna, TX 75409
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      100,000 SF

      Anna Commerce Park: Flex Space

      Modern Flex Space in Anna, TX
      Anna TX 75409 Persimmon Dr, Anna, TX 75409
      View Details
    • $12 SF/Yr
      25,250 SF

      Anna Industrial Warehouse Space

      New 2024 warehouse space, flexible layouts.
      5005 Private Rd, Anna, TX 75409
      View Details
    • Contact for pricing
      11,700 SF

      Industrial Warehouse Space Available

      Industrial warehouse space for rent with 11,700 square feet.
      1009 Industrial Way Dr, Anna, TX 75409
      View Details
    • Contact for pricing

      Anna, TX Retail Land Opportunity

      70-Acre Retail Development Site in Anna, TX
      75 And Rosamond Blvd, Anna, TX 75409
      View Details
    • Contact for pricing
      1 SF

      Anna Retail Pad - Hwy 5 & Rosamond

      Prime Anna, TX retail space. High visibility, excellent location.
      0 Hwy 5 & Rosamond Pkwy, Anna, TX 75409
      View Details
    • Contact for pricing

      Commercial Pad Site For Rent

      Pad site near Brookshires, schools, and major retailers.
      1600 W White St, Anna, TX 75409
      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.
    824 S Central Expy
    Anna, TX 75409
    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

    Google sign-in failed. Please try again or use another login method.