Updated Office
For Sale
$449,500
1512 Crestridge Dr, Cleburne, TX 76033
Updated interior includes multiple offices, support rooms, a kitchen, three baths, and private parking.
Property Size2,100 SF
Price / SF$214.05
Days on Market80
Property Features for 1512 Crestridge Dr
General Information
Standard status
Active
Size
2,100 SF
Building Details
Year Built
1972
Listing Agency:
Coldwell Banker Apex, REALTORS
Listed By:
Judy Oaks · License #0332780
(682) 271-9070
Source:
Yourdavisteam
Added: Jul 27
Changed: Oct 3
Last Checked: Oct 7 at 12:55PM
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 2,100-square-foot office building, constructed in 1972, has an updated interior organized for day-to-day business operations. The layout includes five offices, a work room, file room, storage area, reception space, lobby, three bathrooms, and a kitchen. A private parking lot serves the property.
The building is located at 1512 Crestridge Dr in Cleburne, near a busy intersection. Its combination of dedicated office rooms, administrative support areas, public-facing reception space, and on-site parking provides a defined commercial setting for an office user.
The building is located at 1512 Crestridge Dr in Cleburne, near a busy intersection. Its combination of dedicated office rooms, administrative support areas, public-facing reception space, and on-site parking provides a defined commercial setting for an office user.
Key Highlights
- 2,100 SF office building constructed in 1972
- Five offices plus work room, file room, and storage
- Reception area and lobby included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,127
Cap Rate
7.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$702,540
$702.5K
Cap Rate 7%
$501,814
$501.8K
Cap Rate 9%
$390,300
$390.3K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$64.5K $30.72/SF
− Vacancy
−$17.7K −$8.42/SF
EGI
$46.8K $22.30/SF
− OpEx
−$11.7K −$5.58/SF
NOI
$35.1K $16.73/SF
Area
Johnson County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$702,540
Cap Rate 7%
$501,814
Cap Rate 9%
$390,300
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 authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
846
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Updated interior includes multiple offices, support rooms, a kitchen, three baths, and private parking.
Where is this office building located?
The property is located at 1512 Crestridge Dr 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: 2,100 SF office building constructed in 1972; Five offices plus work room, file room, and storage; Reception area and lobby included
