Five-Bay Industrial
For Sale
$593,000
309 Fergason Road, Cleburne, TX 76031
CommercialSale, Cleburne, TX
Property Size4,200 SF
Lot Size1.00 Acre
Price / SF$141.19
Days on Market55
Property Features for 309 Fergason Road
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Irregular Lot
Directions
From Cleburne go East on Henderson to Fergason. Turn Left heading North on Fergason. 309 Fergason is on your left just past the elementary school.
Standard status
Active
APN
126068000332
Lot size
1.00 Acre
Taxes and HOA fees
Tax Description
ABST 680 TR 6 PT WM PARKER
Legal Description
ABST 680 TR 6 PT WM PARKER
Utilities
Sewer type
Aerobic Septic
Heating system
Electric (Heating)
Cooling system
Electric
Building Details
Year built
1996
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
MetalSiding, Concrete, SteelSiding
Roof type
Metal
Listing Agency:
WELCOMBE HOME LLC
(817) 800-0007
Listed By:
Dan Combe · License #0602562
(817) 481-5882
Added: Aug 21
Changed: Oct 5
Last Checked: Oct 14 at 4:06AM
MLS# 21171206
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This industrial warehouse contains 4200 square feet of workspace on a 1-acre site. Built in 1996, the facility uses metal, concrete, and steel construction with a concrete floor and metal roof. The clear-span interior includes office space, a thick concrete slab suited to heavy equipment or storage demands, and five overhead garage doors for loading and vehicle access. Industrial ventilation fans support air circulation throughout the building.
The property is located at 309 Fergason Road in Cleburne, Texas, with electric heating and cooling and an aerobic septic system. Its combination of open warehouse area, multiple overhead doors, office functionality, and substantial site area supports a range of industrial and storage operations.
The property is located at 309 Fergason Road in Cleburne, Texas, with electric heating and cooling and an aerobic septic system. Its combination of open warehouse area, multiple overhead doors, office functionality, and substantial site area supports a range of industrial and storage operations.
Key Highlights
- 4200 square feet of warehouse workspace on 1 acre
- Five overhead garage doors support loading and vehicle access
- Clear‑span building with office space and industrial ventilation fans
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,206
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
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
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 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 4.93%
Second Best
Industrial
$310.0K
$271.3K – $361.7K
NOI $21,700 @ 7.0% cap · market cap 3.66%
Theoretical Best
Multifamily LT 5
$50.34M
$44.05M – $58.73M
NOI $3,524,075 @ 7.0% cap · market cap 594.28%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
65
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 construction offers overhead loading access, office space, and industrial ventilation.
Where is this warehouse located?
The property is located at 309 Fergason Road Cleburne, TX.
What is the asking price?
The asking price for this property is $593,000.
What are key features of this property?
This property features: 4200 square feet of warehouse workspace on 1 acre; Five overhead garage doors support loading and vehicle access; Clear‑span building with office space and industrial ventilation fans
