5000 SF Metal Building For Sale

301 W Smith Street, Cleburne, TX 76033

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For Sale

$445,000

5000 SF metal building on corner lot for sale.

Type:Commercial/Industrial

Property size:

5,000 SF

Lot size:

0.92 Acres

Price / SF:

$89/SF

HighLights

Investment opportunity with existing lease in place until December 31, 2026.
Large 5000 sq ft metal building with office area and half bathroom.
Includes adjacent lot, expanding the property's potential.
Features 2 roll‑up doors and 3 pass‑through doors for easy access.
Located on a corner lot with good visibility.
Conveniently situated close to City Park and Main Street.

We can help!

Listing Contact

Hope Kirkpatrick

For Sale

$445,000

5000 SF metal building on corner lot for sale.

Type:Commercial/Industrial

Property size:

5,000 SF

Lot size:

0.92 Acres

Price / SF:

$89/SF

Added:: Dec 18, 2024
Days on Market:: 552
Last Refresh:: May 19 at 11:55 pm

Property Features for 301 W Smith Street

General Information

Standard status: Active
Size: 5,000 SF
Lot size: 0.92 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 2008

We can help!

Listing Contact

Hope Kirkpatrick

Listing agent Hope Kirkpatrick

Listing office Webb Kirkpatrick Real Estate, Inc

Listing date Dec 18, 2024

Source Exitrealty

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 Webb Kirkpatrick Real Estate, Inc

HighLights

Investment opportunity with existing lease in place until December 31, 2026.
Large 5000 sq ft metal building with office area and half bathroom.
Includes adjacent lot, expanding the property's potential.
Features 2 roll‑up doors and 3 pass‑through doors for easy access.
Located on a corner lot with good visibility.
Conveniently situated close to City Park and Main Street.

Overview

This property features a 5000 square foot metal building, equipped with 2 roll-up doors and 3 pass-through doors. An office area and a half bathroom are located inside the building. Situated on a corner lot, the property offers good visibility and is located close to the City Park and Main Street. The adjacent lot is included in the sale. Please note that the four storage containers on the lot, the business, and the business name are not included in the sale. The property is currently under a 2-year lease that will expire on December 31, 2026, making it suitable as an investment opportunity.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$45.0k	$9.00
− Vacancy	−$4.1k	−$0.82
EGI	$40.9k	$8.18
− OpEx	−$6.1k	−$1.23
NOI	$34.8k	$6.95

5,000 SF · lease $9.00/SF/yr · vacancy 9.10% · expense 15.00%

Alternative Uses

Best Use

Warehouse

$496.7K

$434.6K – $579.5K (±1% cap)

NOI $34,769 @ 7.0% cap · market cap 7.81%

Second Best

Industrial

$369.1K

$322.9K – $430.6K (±1% cap)

NOI $25,834 @ 7.0% cap · market cap 5.81%

Theoretical Best

Multifamily LT 5

$59.93M

$52.44M – $69.92M (±1% cap)

NOI $4,195,328 @ 7.0% cap · market cap 942.77%

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

Property Profile Location Intelligence

Current Use by Public Records

The Shed Strength and Conditioning Gym & Fitness Center

Suggested Use

Similar Places Nearby

Stor-More Business — 205 E Henderson St, Cleburne, TX 76031
Smith Street Storage — 206 W Smith St, Cleburne, TX 76033
The Storage Place — 312 W Westhill Dr, Cleburne, TX 76033
StorMaXX Self Storage — 1501 S Main St, Cleburne, TX 76033

Location Insight

Map
Local Demand

City: Cleburne
County: Johnson
State: Texas
Longitude: -97.3881
Latitude: 32.3423

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For sale
Warehouses
TX
Cleburne
76033
301 W Smith Street

What type of property is this?

Warehouse - 5000 SF metal building on corner lot for sale.

Where is this warehouse located?

The property is located at 301 W Smith Street Cleburne, TX.

What is the asking price?

The asking price for this property is $445,000.

What are key features of this property?

This property features: Investment opportunity with existing lease in place until December 31, 2026.; **Large 5000 sq ft metal building with office area and half bathroom.**; Includes adjacent lot, expanding the property's potential.

301 W Smith Street, Cleburne, TX 76033

5000 SF metal building on corner lot for sale.

Property Features for 301 W Smith Street

General Information

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Automotive Service Facility with Bays

Express Car Wash with Tunnel System

Freestanding Entertainment Venue

Commercial Building with Half-Bath Rooms

Versatile Office and Retail Suite

Remodeled 6-Bay Car Wash

Industrial Flex Building with Sprinklers

Updated Office Building with Parking

Downtown Office Building with Two Entrances

Cottage-Style Retail/Service Building

Industrial Building with Secured Yard

Turnkey Downtown Restaurant Storefront

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