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    1301 E Henderson St Cleburne, TX 76031

    View on Map
    Sponsored
    For Lease
    $6,000 /Mo ($0.75 SF/Yr)

    Business - Cleburne, TX

    Type:Business
    Lot size:
    2.21 Acres
    Days on Market:
    52
    Last Refresh:
    Mar 5 at 7:06 am

    Property Features for 1301 E Henderson St

    General Information

    Property type
    Other
    Property subtype
    Business
    Standard status
    Active
    APN
    126012421510
    Parking features
    Carport, Parking Lot, Paved or Surfaced
    Lot size
    2.21 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1988
    Flooring type
    Concrete, Tile
    Building materials
    Metal Siding, Stone
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Shelley Boyd

    We Sell Texas (817) 240-3462

    Listing agent Shelley Boyd (817) 240-5461 License #0715269

    Listing date Jan 13, 2026

    MLS# 21153117 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Established Car Lot Ready

    This commercial lease opportunity features a well-established former car lot with over 40 years of proven success. The full-service auto sales and service facility is fully equipped and ready for immediate operation. The property includes a covered sales lot, four sales offices, an attached detail shop, a mechanic office, and a mechanic shop with four lifts and three bay doors. Additionally, there is a full body shop complete with a paint booth, making it suitable for a turnkey auto sales, service, or reconditioning business. The 2.211-acre lot is strategically located just off Hwy 67 and directly across from a high-traffic flea market, offering excellent visibility and substantial road frontage. The lot is fully fenced with drive-through gated access and includes a hard-wired security camera system. The front lot provides covered vehicle display parking, time-sensor lighting, and existing LED signage, enhancing nighttime visibility and curb appeal. Located in Cleburne, Texas, this property offers everything needed to continue a successful automotive operation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    World Gym Cleburne Gym & Fitness Center Family Dollar Discount Store Cleburne Clinic Medical Clinic Drip Sauna + Cold ... Spa & Massage Center Kiara Jean Erazo, ... Physician

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Big Box & Wholesale Store Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Cornerstone Mini Storage, U-Haul Neighborhood Dealer, U-Haul Neighborhood Dealer

    Location Insight

    • Map
    • Local Demand
    City
    Cleburne
    County
    Johnson
    State
    Texas
    Longitude
    -97.367633
    Latitude
    32.35486

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    FAQs

    What type of property is this?
    Automotive property - Full-service auto sales and service facility ready for immediate operation.
    Where is this automotive property located?
    The property is located at 1301 E Henderson St Cleburne, TX.
    What is the lease rate?
    The lease rate is $0.75 SF/Yr.
    What are key features of this property?
    This property features: - Prime location with excellent visibility and substantial road frontage off Hwy 67, across from a high-traffic flea market.; - Fully equipped, turnkey auto sales and service facility ready for immediate operation.; - Includes a mechanic shop with four lifts and three bay doors, plus a full body shop with a paint booth.
    (817) 240-5461
    Request Owner's contact information
    1301 E Henderson St Cleburne, TX 76031
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    Cleburne, TX 76031
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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
    1301 E Henderson St Cleburne, TX 76031
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    We can help!
    Listing Contact
    Shelley Boyd
    Real Estate License ID: 0715269
    (817) 240-5461
    Learn more
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