Commercial Land with Office
For Sale
$750,000
1060 S Burleson Boulevard, Burleson, TX 76028
Commercially zoned acreage includes two office buildings and undeveloped land for future planning.
Property Size2,088 SF
Price / SF$359.20
Days on Market34
Property Features for 1060 S Burleson Boulevard
General Information
Standard status
Active
Size
2,088 SF
Building Details
Year Built
1969
Listing Agency:
TheGreenTeam RE Professionals
(817) 988-8664
Listed By:
Shelley Green · License #0468346
Source:
Realtexasrealty
Added: Jul 27
Changed: Aug 28
Last Checked: Aug 28 at 12:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TheGreenTeam RE Professionals
Investment Insights
Based on property information with market context.
This 4-acre commercial land tract includes an existing 2,088-square-foot office residence with three offices, two bathrooms, a reception area, kitchen, and attached two-car garage. A separate 400-square-foot office building adds four individual spaces. Approximately half of the acreage remains undeveloped, providing additional land within the existing site configuration.
The property fronts the I-35 service road at 1060 S Burleson Boulevard in Burleson, Texas, south of Hidden Creek Parkway. Commercial zoning is in place, and the site offers direct service-road access. The primary structure was built in 1969, while the separate office building expands the property's existing workspace capacity.
The property fronts the I-35 service road at 1060 S Burleson Boulevard in Burleson, Texas, south of Hidden Creek Parkway. Commercial zoning is in place, and the site offers direct service-road access. The primary structure was built in 1969, while the separate office building expands the property's existing workspace capacity.
Key Highlights
- 4 acres with approximately half remaining undeveloped
- 2,088 SF structure with 3 offices, 2 bathrooms, reception, kitchen, and attached 2‑car garage
- Separate 400 SF office building with 4 spaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,926
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$698,520
$698.5K
Cap Rate 7%
$498,943
$498.9K
Cap Rate 9%
$388,067
$388.1K
Market Conditions
NOI Build-Up for 2,088 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$64.1K $30.72/SF
− Vacancy
−$17.6K −$8.42/SF
EGI
$46.6K $22.30/SF
− OpEx
−$11.6K −$5.58/SF
NOI
$34.9K $16.73/SF
Area
Johnson County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$698,520
Cap Rate 7%
$498,943
Cap Rate 9%
$388,067
Alternative Uses
Best Use
Office B
$498.9K
$436.6K – $582.1K
NOI $34,926 @ 7.0% cap · market cap 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$25.03M
$21.90M – $29.20M
NOI $1,751,969 @ 7.0% cap · market cap 233.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
70
Businesses Nearby
Explore this area
Business Placement
Demographics for 76028, TX
74,023
Population
27,928
Households
2.7
Avg Household Size
38
Median Age
31%
College-Educated
92%
High-School Grad
77.5 sq mi
ZIP Area
955
Density / Sq Mi
$100,125
Median Household Income
$53,464
Median Earnings
$1,691
Median Rent
$294,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Commercially zoned acreage includes two office buildings and undeveloped land for future planning.
Where is this commercial land located?
The property is located at 1060 S Burleson Boulevard Burleson, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 4 acres with approximately half remaining undeveloped; 2,088 SF structure with 3 offices, 2 bathrooms, reception, kitchen, and attached 2‑car garage; Separate 400 SF office building with 4 spaces
