Updated Office Building with
1512 Crestridge Drive Cleburne, TX 76033
For Sale
$449,500
A renovated office setup with multiple rooms, private parking, and dedicated bath and kitchen space.
Property Size2,100 SF
Price / SF$214.05
Days on Market49
Property Features for 1512 Crestridge Drive
General Information
- Standard status
- Active
- Size
- 2,100 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1972
Listing Agency:
Coldwell Banker Apex, REALTORS
(817) 991-0623
Listed By:
Judy Oaks · License #0332780
(817) 991-0623
Source:
Signaturere
Added: Jun 5
Changed: Jul 10
Last Checked: Jul 23 at 6:45AM
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 Coldwell Banker Apex, REALTORS
Investment Insights
Based on property information with market context.
This updated office building features a luxury finish out and a practical internal layout designed for day-to-day operations. The space includes five offices, a work room, file room, storage, a reception area, a lobby, three bathrooms, and a kitchen.
The property also offers a private parking lot, which can support tenant and visitor access on-site. It is located near a busy intersection in Cleburne.
With its combination of private offices and common areas like reception, lobby, and work space, this building can work well for professional service firms, administrative teams, or organizations needing dedicated rooms for collaboration and document storage. The presence of multiple bathrooms and a kitchen can help support smoother workflow for a small to mid-sized office operation.
The property also offers a private parking lot, which can support tenant and visitor access on-site. It is located near a busy intersection in Cleburne.
With its combination of private offices and common areas like reception, lobby, and work space, this building can work well for professional service firms, administrative teams, or organizations needing dedicated rooms for collaboration and document storage. The presence of multiple bathrooms and a kitchen can help support smoother workflow for a small to mid-sized office operation.
Key Highlights
- Office building built in 1972 with a renovated interior office setup
- Updated with a luxury finish out
- Includes reception area, lobby, 5 offices, work room, file room, and storage
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.5k | $30.72 |
| − Vacancy | −$17.7k | −$8.42 |
| EGI | $46.8k | $22.30 |
| − OpEx | −$11.7k | −$5.58 |
| NOI | $35.1k | $16.73 |
2,100 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$501.8K
$439.1K – $585.5K
NOI $35,127 @ 7.0% cap · market cap 7.81%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$25.17M
$22.03M – $29.37M
NOI $1,762,038 @ 7.0% cap · market cap 392.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bowles Michael R ...
Accounting Firm
FAQs
What type of property is this?
Office building - A renovated office setup with multiple rooms, private parking, and dedicated bath and kitchen space.
Where is this office building located?
The property is located at 1512 Crestridge Drive Cleburne, TX.
What is the asking price?
The asking price for this property is $449,500.
What are key features of this property?
This property features: Office building built in 1972 with a renovated interior office setup; Updated with a luxury finish out; Includes reception area, lobby, 5 offices, work room, file room, and storage
