Commercial Land Development
For Sale
$330,000
213 W Eldred St, Burleson, TX 76028
Commercial land at 213 W Eldred Street, currently zoned residential, with a 1914 build and Old Town Burleson access nearby.
Property Size1,155 SF
Price / SF$285.71
Days on Market53
Property Features for 213 W Eldred St
General Information
Standard status
Active
Size
1,155 SF
Building Details
Year Built
1914
Listing Agency:
Trinity Group Realty
Listed By:
Katy Reeves, Chris Reeves · License #0773315
(817) 941-6454
Source:
Allcitiesusa
Added: Jul 30
Changed: Sep 19
Last Checked: Sep 19 at 10:46AM
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 Trinity Group Realty
Investment Insights
Based on property information with market context.
This commercial land development site at 213 W Eldred Street in Burleson, TX is currently zoned residential. The property has a recorded year built of 1914, offering an opportunity for buyers to evaluate existing improvements and redevelopment options.
Positioned just steps from the heart of Old Town Burleson, the site benefits from close proximity to downtown Burleson, local shops, and dining. The surrounding area includes ongoing development, which may support commercial planning as the area continues to evolve.
Because the property is currently zoned residential, interested buyers should verify rezoning possibilities and permitted uses with the City of Burleson before proceeding. This site can be reviewed for a range of future commercial concepts depending on what approvals are granted.
Positioned just steps from the heart of Old Town Burleson, the site benefits from close proximity to downtown Burleson, local shops, and dining. The surrounding area includes ongoing development, which may support commercial planning as the area continues to evolve.
Because the property is currently zoned residential, interested buyers should verify rezoning possibilities and permitted uses with the City of Burleson before proceeding. This site can be reviewed for a range of future commercial concepts depending on what approvals are granted.
Key Highlights
- Currently zoned residential
- Commercial land development site at 213 W Eldred Street, Burleson, TX 76028
- Just steps from the heart of Old Town Burleson
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
$19,171
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
5.81%
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%
$383,420
$383.4K
Cap Rate 7%
$273,871
$273.9K
Cap Rate 9%
$213,011
$213.0K
Market Conditions
NOI Build-Up for 1,155 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
$28.8K $24.96/SF
− Vacancy
−$1.4K −$1.25/SF
EGI
$27.4K $23.71/SF
− OpEx
−$8.2K −$7.11/SF
NOI
$19.2K $16.60/SF
Area
Johnson County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
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%
$383,420
Cap Rate 7%
$273,871
Cap Rate 9%
$213,011
Alternative Uses
Best Use
Retail
$273.9K
$239.6K – $319.5K
NOI $19,171 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$13.84M
$12.11M – $16.15M
NOI $969,121 @ 7.0% cap · market cap 293.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,465
Businesses Nearby
Explore this area
Business Placement
Demographics for 76028, TX
74,023
Population
27,928
Households
2.7
Avg Household Size
38
Median Age
31%
College-Educated
92%
High-School Grad
77.5 sq mi
ZIP Area
955
Density / Sq Mi
$100,125
Median Household Income
$53,464
Median Earnings
$1,691
Median Rent
$294,500
Median Home Value
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Commercial land - Commercial land at 213 W Eldred Street, currently zoned residential, with a 1914 build and Old Town Burleson access nearby.
Where is this commercial land located?
The property is located at 213 W Eldred St Burleson, TX.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Currently zoned residential; Commercial land development site at 213 W Eldred Street, Burleson, TX 76028; Just steps from the heart of Old Town Burleson
