Prime Industrial Property on
For Sale
$2,200,000
2305 N Main St, Cleburne, TX 76033
Two industrial buildings on 2 acres with highway frontage.
Property Size18,000 SF
Lot Size2.00 Acres
Price / SF$122.22
Days on Market198
Property Features for 2305 N Main St
General Information
Standard status
Active
Size
18,000 SF
Lot size
2.00 Acres
Taxes and HOA fees
Annual Taxes
$8,769
Listing Agency:
Elevate Realty Group
(817) 736-5757
Listed By:
Lori Brannon
(817) 736-5757
Source:
Exprealty
Added: Jan 26
Changed: Aug 8
Last Checked: Aug 8 at 6:02AM
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 Elevate Realty Group
Investment Insights
Based on property information with market context.
This property features two industrial buildings totaling 18,000 square feet, situated on 2 acres across three lots. Located on a major travel corridor with high traffic, the property is positioned in a busy commercial and retail area, offering numerous possibilities due to its proximity to Highway 67 and 174. The larger building provides 11,000 square feet of space, while the smaller building offers 7,000 square feet. Each building includes its own perimeter-fenced yard suitable for parking, large equipment, and supply storage. Both buildings are equipped with 3-phase electric power. The location provides excellent access to highways, multiple restaurants and shops, and other commercial businesses. The property is located directly on Highway 174 in Cleburne, with quick access to the Chisholm Trail toll road. The property is intended for industrial use.
Key Highlights
- Prime location on Highway 174, offering extremely high traffic and visibility.
- Substantial industrial space: 18,000 sq ft across two buildings.
- Two‑acre property comprised of three lots, offering flexibility.
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
$93,002
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
4.23%
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%
$1,860,040
$1.9M
Cap Rate 7%
$1,328,600
$1.3M
Cap Rate 9%
$1,033,356
$1.0M
Market Conditions
NOI Build-Up for 18,000 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
$146.2K $8.12/SF
− Vacancy
−$13.3K −$0.74/SF
EGI
$132.9K $7.38/SF
− OpEx
−$39.9K −$2.21/SF
NOI
$93.0K $5.17/SF
Area
Johnson County, TX
Vacancy
9.10%
Lease Rate
$8.12 /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%
$1,860,040
Cap Rate 7%
$1,328,600
Cap Rate 9%
$1,033,356
Alternative Uses
Best Use
Industrial
$1.33M
$1.16M – $1.55M
NOI $93,002 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$215.76M
$188.79M – $251.72M
NOI $15,103,179 @ 7.0% cap · market cap 686.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
172
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Two industrial buildings on 2 acres with highway frontage.
Where is this industrial property located?
The property is located at 2305 N Main St Cleburne, TX.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Prime location on Highway 174, offering extremely high traffic and visibility.; Substantial industrial space: 18,000 sq ft across two buildings.; Two‑acre property comprised of three lots, offering flexibility.
