Office, Warehouse, and Yard
500 W Kilpatrick Street Cleburne, TX 76033
500 W Kilpatrick Street, Cleburne, TX, 76033
$695,000
For Sale
$695,000
COMMERCIAL - Cleburne, TX
Property Size6,030 SF
Lot Size1.58 Acres
Price / SF$115.26
Days on Market268
Property Features for 500 W Kilpatrick Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot, Garage, Oversize
- Standard status
- Active
- APN
- 126286500230
- Lot size
- 1.58 Acres
Taxes and HOA fees
- Tax Description
- LOT 9,EPT BLK 2 GRANBURY PARK 126.5528.32889
- Tax Annual Amount
- 11047
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 2008
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Concrete
- Building materials
- MetalSiding, Rock, SteelSiding, Stone
- Roof type
- Metal
Listing Agency
Blue Owl Real Estate
(817) 223-7277
Itasca, TX
Listed by
Heather Cross · License #630620
(817) 223-7277
Added: Oct 24, 2025 Checked: Jul 18 at 1:06 pm
MLS# 21046053
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 commercial property offers a combined office, retail, warehouse, and yard setup on a 1.58-acre site. The front office-retail area totals approximately 1,872 square feet and is arranged as two suites that can operate independently, each with its own HVAC and hot water heater. The space includes three bathrooms, three interior storage rooms with utility sinks, and polished stained concrete floors. Ten dedicated parking spaces support customer or employee access.
Behind the office are two warehouse buildings totaling approximately 3,178 square feet and 980 square feet, with at least one large roll-up door. The property also includes secure fenced storage areas supported by heavy-duty iron racks and gated access with barbed wire fencing.
Access and visibility are supported by frontage on W Kilpatrick Street, and the property is located in the RC - Regional Commercial District. The RC district permits a wide range of retail and service uses, including options such as retail, restaurants (including drive-thru), banks, auto service, distribution, and fitness-training, subject to owner-stated restrictions regarding furniture-mattress retail.
Behind the office are two warehouse buildings totaling approximately 3,178 square feet and 980 square feet, with at least one large roll-up door. The property also includes secure fenced storage areas supported by heavy-duty iron racks and gated access with barbed wire fencing.
Access and visibility are supported by frontage on W Kilpatrick Street, and the property is located in the RC - Regional Commercial District. The RC district permits a wide range of retail and service uses, including options such as retail, restaurants (including drive-thru), banks, auto service, distribution, and fitness-training, subject to owner-stated restrictions regarding furniture-mattress retail.
Key Highlights
- +/-1.58‑acre RC - Regional Commercial District site on W Kilpatrick St in Cleburne, TX
- +/-6,030 SF under roof: +/-1,872 SF front office‑retail plus two warehouse buildings (+/-3,178 SF and +/-980 SF)
- Office features two independent suites, each with its own HVAC and hot water heater, plus three bathrooms and three interior storage rooms with utility sinks
Local 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 | $54.3k | $9.00 |
| − Vacancy | −$4.9k | −$0.82 |
| EGI | $49.3k | $8.18 |
| − OpEx | −$7.4k | −$1.23 |
| NOI | $41.9k | $6.95 |
6,030 SF · lease $9.00/SF/yr · vacancy 9.10% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.44M
$1.26M – $1.68M
NOI $100,864 @ 7.0% cap · market cap 14.51%
Second Best
Retail
$1.43M
$1.25M – $1.67M
NOI $100,088 @ 7.0% cap · market cap 14.40%
Theoretical Best
Multifamily LT 5
$72.28M
$63.24M – $84.33M
NOI $5,059,565 @ 7.0% cap · market cap 727.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mattress Outlet Cleburne
Furniture & Home Goods
Similar For Sale Nearby
Similar Off Market Nearby
- Lone Star Taqueria — 2016 N Main St, Cleburne, TX 76033
FAQs
What type of property is this?
Flex space - Flexible property includes a front office-retail area with two independently operating suites plus rear warehouse buildings and fenced storage.
Where is this flex space located?
The property is located at 500 W Kilpatrick Street Cleburne, TX.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: +/-1.58‑acre RC - Regional Commercial District site on W Kilpatrick St in Cleburne, TX; +/-6,030 SF under roof: +/-1,872 SF front office‑retail plus two warehouse buildings (+/-3,178 SF and +/-980 SF); Office features two independent suites, each with its own HVAC and hot water heater, plus three bathrooms and three interior storage rooms with utility sinks
