Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Updated Office Building with Parking Title is generated by Realmo AI

    1512 Crestridge Drive, Cleburne, TX 76033

    View on Map
    Claim this Listing
    For Lease
    $3,300 /Mo

    Office - Cleburne, TX

    Type:Office
    Lot size:
    0.24 Acres
    Added:
    Mar 27, 2026
    Days on Market:
    53
    Last Refresh:
    May 18 at 2:06 pm

    Property Features for 1512 Crestridge Drive

    General Information

    Property type
    Other
    Property subtype
    Office
    Parking features
    Carport, Covered, Driveway, Guest, Parking Lot
    Standard status
    Active
    APN
    126297800200
    Lot size
    0.24 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric, ENERGY STAR Qualified Equipment

    Building Details

    Year built
    1972
    Flooring type
    Carpet, Vinyl
    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Judy Oaks

    Listing agent Judy Oaks License #0332780

    Listing office Coldwell Banker Apex, REALTORS 7033 Bryant Irvin Road Ste 400, Fort Worth, TX

    Listing date Mar 27, 2026

    MLS# 21071409 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.

    HighLights

    • Updated with luxury finish out
    • Boasting 5 offices, work room, file room, storage, reception area, lobby, 3 baths and kitchen
    • Features a private parking lot
    • Near busy intersection in rapid growing Cleburne
    • Brick construction
    • Central heating and cooling

    Overview

    This updated office building features a luxury finish out. The layout includes 5 offices, a work room, a file room, and storage space. There is also a reception area, a lobby, 3 baths, and a kitchen. The property benefits from a private parking lot. It is located near a busy intersection in the rapidly growing city of Cleburne, Texas, making it suitable for a business location. The lot size is 0.239 acres, and the property is located in Johnson County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bowles Michael R ... Accounting Firm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleburne
    County
    Johnson
    State
    Texas
    Longitude
    -97.410372
    Latitude
    32.341396

    Nearby Similar for Lease

    • $850/Mo

      Updated Office Space in Cleburne

      Professional office space overlooking historic courthouse in Cleburne, Texas.
      10 N Caddo Street, Cleburne, TX 76031
      View Details
    • $1,850/Mo

      Updated Office Space Overlooking Courthouse

      Professional office space in the heart of Cleburne, Texas.
      10 N Caddo Street, Cleburne, TX 76031
      View Details
    • $850/Mo

      Updated Office Space in Cleburne

      Professional office space overlooking the historic courthouse in Cleburne, TX.
      10 N Caddo Street, Cleburne, TX 76031
      View Details
    • $3,200/Mo

      Historic Downtown Cleburne Storefront

      2,403 sq ft commercial space in vibrant Cleburne Square.
      103 E Henderson Street, Cleburne, TX 76031
      View Details
    • $2,500/Mo

      Renovated Retail Space in Cleburne

      Extensively renovated retail/restaurant space with modern upgrades in Cleburne, TX.
      204 S Main Street, Cleburne, TX 76033
      View Details
    • $600/Mo

      Office Space in Cleburne, TX

      Office spaces available with shared amenities in Cleburne, Texas.
      1500 W W Henderson Street, Cleburne, TX 76033
      View Details
    • $3,325/Mo

      Office Warehouse Space Available

      Office and warehouse spaces available in Cleburne, Texas.
      1812 N Main, Cleburne, TX 76033
      View Details
    • $2,000/Mo
      4,400 SF

      Office Space in Cleburne, TX

      Second-floor office space available for lease in Cleburne, Texas.
      1601 W Henderson, Cleburne, TX 76033
      View Details
    • $5,500/Mo

      Cleburne Commercial Property with Warehouse

      Commercial property with office, warehouse, and yard in Cleburne, TX.
      500 W Kilpatrick Street, Cleburne, TX 76033
      View Details
    • $2,162/Mo
      10,500 SF

      Office Warehouse Space Available

      Office and warehouse spaces available in Cleburne, Texas.
      1748 N Main, Cleburne, TX 76033
      View Details
    • $2,500/Mo

      Charming Office Space in Cleburne

      Versatile office space with hardwood floors and ample parking.
      904 W Henderson Street, Cleburne, TX 76033
      View Details
    • $3,600/Mo

      Prime Retail Space on Main

      High-visibility retail space in a vibrant commercial hub.
      607 S Main Street, Cleburne, TX 76033
      View Details

    FAQs

    What type of property is this?
    Office building - Updated office building with luxury finish and private parking.
    Where is this office building located?
    The property is located at 1512 Crestridge Drive Cleburne, TX.
    What is the lease rate?
    The lease rate is $3,300 /Mo.
    What are key features of this property?
    This property features: Updated with luxury finish out; Boasting 5 offices, work room, file room, storage, reception area, lobby, 3 baths and kitchen; Features a private parking lot
    (682) 271-9070
    We can help!
    Listing Contact
    Judy Oaks
    Real Estate License ID: 0332780
    Learn More
    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.
    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

    Thank You for Inquiry
    1512 Crestridge Drive, Cleburne, TX 76033
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!