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    405 N Ridgeway Dr Cleburne, TX 76033

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    For Sale
    $795,000

    Investment property in Cleburne with lease income potential.

    Property size:
    10,612 SF
    Lot size:
    0.64 Acres

    Property Features for 405 N Ridgeway Dr

    General Information

    Size
    10,612 SF
    Lot size
    0.64 Acres

    Source: Coldwell Banker Apex, Realtors Cleburne Agent Cheri White

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Cleburne Investment Property For Sale

    This investment property is located in the central business district of Cleburne. The front building, constructed in 1975, is a two-story structure with 6,480 square feet. It is divided into six spaces, with four currently leased and two available for lease. The back building, built in 1990, is a single-story building offering 4,132 square feet, divided into two suites. Suite G is leased, while Suite H is available. The property offers spaces ranging in size from 2,160 square feet to 2,646 square feet, and the layout can be modified to create larger or smaller office spaces. Ample parking is available. The total property size is 10,612 square feet.
    Location Intelligence

    Current Use by Public Records

    Gemini Testing & Resources Paternity Testing Service Sneaky Blinks Eyelash Salon Bavousett's Caring Keepers Home Health Care Service First Allied Securities ... Stock Broker Dr. Malouf Dermatology Dermatologist

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleburne
    County
    Johnson
    State
    Texas
    Longitude
    -97.411662
    Latitude
    32.344791

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    FAQs

    What type of property is this?
    Office building - Investment property in Cleburne with lease income potential.
    Where is this office building located?
    The property is located at 405 N Ridgeway Dr Cleburne, TX.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: - Located in the heart of Cleburne business activity.; - Investment property with income potential from leased spaces.; - Two buildings totaling 10,612 square feet.
    (214) 546-6414
    Request Owner's contact information
    405 N Ridgeway Dr Cleburne, TX 76033
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    Cleburne, TX 76033
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    Realmo Value Estimation

    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.

    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.

    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
    405 N Ridgeway Dr Cleburne, TX 76033
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