Warehouse with Loading
For Sale
$596,000
309 Fergason Rd, Cleburne, TX 76031
Metal-and-steel industrial building with dedicated office space, private restroom, overhead loading doors, and ventilation fans.
Property Size4,200 SF
Price / SF$141.90
Days on Market226
Property Features for 309 Fergason Rd
General Information
Standard status
Active
Size
4,200 SF
Property subtype
Commercial
Building Details
Year Built
1996
Listing Agency:
WELCOMBE HOME LLC
Listed By:
Dan Combe · License #0602562
(817) 800-0007
Source:
Findtexashomesforsale
Added: Feb 4
Changed: Sep 17
Last Checked: Sep 17 at 2:28AM
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 WELCOMBE HOME LLC
Investment Insights
Based on property information with market context.
Built in 1996, this warehouse occupies approximately 1 acre and offers 4,200 square feet of functional industrial space. The metal-and-steel structure includes a dedicated office, private restroom, five overhead garage doors, and industrial ventilation fans. The interior has been cleared, providing an open configuration for a new occupant or owner-user. An updated aerobic septic system serves the property.
The facility is located at 309 Fergason Road in Cleburne, east of Henderson Street. Its combination of enclosed workspace, multiple overhead doors, office support space, and on-site acreage provides a practical base for warehouse, light industrial, and distribution operations.
The facility is located at 309 Fergason Road in Cleburne, east of Henderson Street. Its combination of enclosed workspace, multiple overhead doors, office support space, and on-site acreage provides a practical base for warehouse, light industrial, and distribution operations.
Key Highlights
- 4,200‑square‑foot warehouse on approximately 1 acre
- Five overhead garage doors provide loading access
- Dedicated professional office and private restroom
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
$29,206
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
4.90%
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%
$584,120
$584.1K
Cap Rate 7%
$417,229
$417.2K
Cap Rate 9%
$324,511
$324.5K
Market Conditions
NOI Build-Up for 4,200 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
$37.8K $9.00/SF
− Vacancy
−$3.4K −$0.82/SF
EGI
$34.4K $8.18/SF
− OpEx
−$5.2K −$1.23/SF
NOI
$29.2K $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%
$584,120
Cap Rate 7%
$417,229
Cap Rate 9%
$324,511
Alternative Uses
Best Use
Warehouse
$417.2K
$365.1K – $486.8K
NOI $29,206 @ 7.0% cap · market cap 4.90%
Second Best
Industrial
$310.0K
$271.3K – $361.7K
NOI $21,700 @ 7.0% cap · market cap 3.64%
Theoretical Best
Multifamily LT 5
$50.34M
$44.05M – $58.73M
NOI $3,524,075 @ 7.0% cap · market cap 591.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
63
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76031, TX
18,398
Population
6,596
Households
2.8
Avg Household Size
38
Median Age
15%
College-Educated
81%
High-School Grad
72.7 sq mi
ZIP Area
253
Density / Sq Mi
$70,672
Median Household Income
$39,335
Median Earnings
$1,274
Median Rent
$203,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Yellow Jacket State Storage — Cleburne — 1567 E Henderson St, Cleburne, TX 76031
Frequently Asked Questions
What type of property is this?
Warehouse - Metal-and-steel industrial building with dedicated office space, private restroom, overhead loading doors, and ventilation fans.
Where is this warehouse located?
The property is located at 309 Fergason Rd Cleburne, TX.
What is the asking price?
The asking price for this property is $596,000.
What are key features of this property?
This property features: 4,200‑square‑foot warehouse on approximately 1 acre; Five overhead garage doors provide loading access; Dedicated professional office and private restroom
