Industrial Warehouse with Bay
309 Fergason Road Cleburne, TX 76031
For Sale
$599,000
Light industrial warehouse space with five bay doors on one acre.
Property Size4,200 SF
Lot Size1.00 Acre
Price / SF$142.62
Days on Market94
Property Features for 309 Fergason Road
General Information
- Standard status
- Active
- Size
- 4,200 SF
- Lot size
- 1.00 Acre
- Property subtype
- Commercial
Building Details
- Year Built
- 1996
Listing Agency:
WELCOMBE HOME LLC
(817) 800-0007
Listed By:
Dan Combe · License #0602562
(817) 800-0007
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 24 at 4:27PM
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.
This light industrial warehouse space, located just east of Cleburne off Henderson, features 4200 square feet of space, including an office and restroom. The property includes approximately one acre of land and an updated aerobic septic system. The structure is equipped with five overhead garage doors and several ventilation fans. Previously occupied by a major consumer snack distribution company, the space has been cleared and is ready for business use. The structure features a thick slab and solid metal and steel construction. Existing elevated bays could be converted to ramps for drive-in access. Buyers are responsible for clearing any planned use with the City of Cleburne and for any permitting or special use.
Key Highlights
- 4200 SF light industrial warehouse space
- 5‑bay doors for easy access
- Approximately one acre of land
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.8k | $9.00 |
| − Vacancy | −$3.4k | −$0.82 |
| EGI | $34.4k | $8.18 |
| − OpEx | −$5.2k | −$1.23 |
| NOI | $29.2k | $6.95 |
4,200 SF · lease $9.00/SF/yr · vacancy 9.10% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$417.2K
$365.1K – $486.8K
NOI $29,206 @ 7.0% cap · market cap 4.88%
Second Best
Industrial
$310.0K
$271.3K – $361.7K
NOI $21,700 @ 7.0% cap · market cap 3.62%
Theoretical Best
Multifamily LT 5
$50.34M
$44.05M – $58.73M
NOI $3,524,075 @ 7.0% cap · market cap 588.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Warehouses
Similar Off Market Nearby
- Yellow Jacket State Storage — Cleburne — 1567 E Henderson St, Cleburne, TX 76031
FAQs
What type of property is this?
Warehouse - Light industrial warehouse space with five bay doors on one acre.
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 $599,000.
What are key features of this property?
This property features: 4200 SF light industrial warehouse space; 5‑bay doors for easy access; Approximately one acre of land
