Gated Flex Space with
For Sale
$1,199,000
125 Century Dr, Cleburne, TX 76033
Gated flex facility combines office, showroom, kitchenette, and warehouse space with multiple roll-up doors.
Property Size8,500 SF
Price / SF$141.06
Days on Market12
Property Features for 125 Century Dr
General Information
Standard status
Active
Size
8,500 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Amenities
kitchenette
show room area
security cameras
Building Details
Year Built
1982
Listing Agency:
exp Realty
(888) 519-7431
Listed By:
Becky Leebens (469) 333-1918 · License #0661426
Source:
Findtexashomesforsale
Added: Aug 20
Changed: Aug 29
Last Checked: Aug 30 at 6:07PM
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 exp Realty
Investment Insights
Based on property information with market context.
This 8,500-square-foot flex property at 125 Century Drive includes three offices, three bathrooms, a kitchenette, and a showroom area alongside warehouse workspace. Four large roll-up bay doors serve the industrial portion, with electric openers on two of them. Skylights bring natural light into the warehouse, while the gated site includes asphalt parking and security cameras that remain with the building.
The property offers quick access to two major highways and has three separate electric meters. A portion of the roof was recoated in 2020, adding a documented capital improvement to the building’s operating profile. The combination of office, showroom, and warehouse areas supports a range of commercial configurations within an established flex-space layout.
The property offers quick access to two major highways and has three separate electric meters. A portion of the roof was recoated in 2020, adding a documented capital improvement to the building’s operating profile. The combination of office, showroom, and warehouse areas supports a range of commercial configurations within an established flex-space layout.
Key Highlights
- 8,500 square feet of flex space with office, showroom, and warehouse areas
- Three offices, three bathrooms, and a kitchenette
- Four large roll‑up bay doors; two have electric openers
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
$59,108
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
4.93%
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%
$1,182,160
$1.2M
Cap Rate 7%
$844,400
$844.4K
Cap Rate 9%
$656,756
$656.8K
Market Conditions
NOI Build-Up for 8,500 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
$76.5K $9.00/SF
− Vacancy
−$7.0K −$0.82/SF
EGI
$69.5K $8.18/SF
− OpEx
−$10.4K −$1.23/SF
NOI
$59.1K $6.95/SF
Area
Johnson County, TX
Vacancy
9.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$1,182,160
Cap Rate 7%
$844,400
Cap Rate 9%
$656,756
Alternative Uses
Best Use
Warehouse
$844.4K
$738.9K – $985.1K
NOI $59,108 @ 7.0% cap · market cap 4.93%
Second Best
Industrial
$627.4K
$549.0K – $732.0K
NOI $43,917 @ 7.0% cap · market cap 3.66%
Theoretical Best
Multifamily LT 5
$101.89M
$89.15M – $118.87M
NOI $7,132,057 @ 7.0% cap · market cap 594.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 76033, TX
27,243
Population
10,962
Households
2.5
Avg Household Size
39
Median Age
21%
College-Educated
88%
High-School Grad
176.1 sq mi
ZIP Area
155
Density / Sq Mi
$69,870
Median Household Income
$40,168
Median Earnings
$1,287
Median Rent
$230,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Lone Star Taqueria — 2016 N Main St, Cleburne, TX 76033
Frequently Asked Questions
What type of property is this?
Flex space - Gated flex facility combines office, showroom, kitchenette, and warehouse space with multiple roll-up doors.
Where is this flex space located?
The property is located at 125 Century Dr Cleburne, TX.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: 8,500 square feet of flex space with office, showroom, and warehouse areas; Three offices, three bathrooms, and a kitchenette; Four large roll‑up bay doors; two have electric openers
