Industrial Buildings with Fenced
For Sale
$2,200,000
2305 N Main Street Cleburne, Cleburne, TX 76033
For sale industrial property with two warehouse buildings and separate fully fenced yard areas on Highway 174 corridor.
Property Size18,000 SF
Lot Size2.00 Acres
Price / SF$122.22
Days on Market30
Property Features for 2305 N Main Street Cleburne
General Information
Standard status
Active
Size
18,000 SF
Lot size
2.00 Acres
Zoning
Industrial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Heavy Power
Yes
Taxes and HOA fees
Annual Taxes
$8,769
Building Details
Building Size
18,000 SF
Year Built
1972
Stories
1
Listing Agency:
(800) 683-5651
Listed By:
Christine Fetzer
(800) 683-5651
Source:
Jparhouston
Added: Jul 13
Changed: Aug 11
Last Checked: Aug 11 at 10:22AM
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 Christine Fetzer
Investment Insights
Based on property information with market context.
For sale is an industrial property featuring two warehouse buildings totaling approximately 18,000 square feet on approximately 2 acres. The site consists of three lots and includes a larger building of approximately 11,000 square feet and a second building of approximately 7,000 square feet. Both buildings have 3-phase electrical service and each includes a separate, fully fenced yard area suitable for equipment storage, vehicle parking, or other operational needs. Sale includes the land and buildings only; existing business operations are excluded.
The property is located at 2305 N Main Street in Cleburne, Texas, on Highway 174, with convenient access to Highway 67 and the Chisholm Trail Parkway. The surrounding area includes established commercial and retail businesses, providing context for a variety of industrial or commercial uses.
The asset’s configuration—two warehouse structures with dedicated fenced yard space—can support flexible day-to-day storage and vehicle movement for an owner-operator or industrial tenant.
The property is located at 2305 N Main Street in Cleburne, Texas, on Highway 174, with convenient access to Highway 67 and the Chisholm Trail Parkway. The surrounding area includes established commercial and retail businesses, providing context for a variety of industrial or commercial uses.
The asset’s configuration—two warehouse structures with dedicated fenced yard space—can support flexible day-to-day storage and vehicle movement for an owner-operator or industrial tenant.
Key Highlights
- 1972 industrial/commercial site on approx. 2 acres along Highway 174 corridor with strong frontage and exposure
- Two industrial buildings totaling approx. 18,000 SF: approx. 11,000 SF plus approx. 7,000 SF
- 3‑phase electrical service in both buildings
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
$125,169
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
5.69%
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%
$2,503,380
$2.5M
Cap Rate 7%
$1,788,129
$1.8M
Cap Rate 9%
$1,390,767
$1.4M
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
$162.0K $9.00/SF
− Vacancy
−$14.7K −$0.82/SF
EGI
$147.3K $8.18/SF
− OpEx
−$22.1K −$1.23/SF
NOI
$125.2K $6.95/SF
Area
Johnson County, TX
Vacancy
9.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$2,503,380
Cap Rate 7%
$1,788,129
Cap Rate 9%
$1,390,767
Alternative Uses
Best Use
Warehouse
$1.79M
$1.56M – $2.09M
NOI $125,169 @ 7.0% cap · market cap 5.69%
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
Lease Details
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
172
Businesses Nearby
Well-served
Demand for This Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - For sale industrial property with two warehouse buildings and separate fully fenced yard areas on Highway 174 corridor.
Where is this warehouse located?
The property is located at 2305 N Main Street Cleburne 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: 1972 industrial/commercial site on approx. 2 acres along Highway 174 corridor with strong frontage and exposure; Two industrial buildings totaling approx. 18,000 SF: approx. 11,000 SF plus approx. 7,000 SF; 3‑phase electrical service in both buildings
