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    Updated Office Building with Parking Title is generated by Realmo AI

    1512 Crestridge Drive, Cleburne, TX 76033

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    Claim this Listing
    New
    For Sale
    $449,500

    A renovated office setup with multiple rooms, private parking, and dedicated bath and kitchen space.

    Type:Commercial
    Property size:
    2,100 SF
    Price / SF:
    $214/SF
    Added:
    Jun 5, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 1:51 am

    Property Features for 1512 Crestridge Drive

    General Information

    Standard status
    Active
    Size
    2,100 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1972

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    Listing Contact
    Judy Oaks

    Listing agent Judy Oaks License #0332780

    Listing office Coldwell Banker Apex, REALTORS

    Listing date Jun 5, 2026

    Source Signaturere

    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

    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
    • 3 baths plus a kitchen area
    • Private parking lot included
    • Located near a busy intersection in rapid‑growing Cleburne

    Overview

    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.

    Local 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 (±1% cap)
    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 (±1% cap)
    NOI $1,762,038 @ 7.0% cap · market cap 392.00%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Bowles Michael R ... Accounting Firm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleburne
    County
    Johnson
    State
    Texas
    Longitude
    -97.410686
    Latitude
    32.341562

    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
    More about this property
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