2.93 Acres with Former
5400 Conveyor Drive Cleburne, TX 76031
5400 Conveyor Drive, Cleburne, TX, 76031
$1,080,000
For Sale
$1,080,000
2.93 acres featuring a former restaurant and retail spaces.
Property Size2,231 SF
Lot Size2.93 Acres
Price / SF$484.09
Days on Market90
Property Features for 5400 Conveyor Drive
General Information
- Standard status
- Active
- Size
- 2,231 SF
- Lot size
- 2.93 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2012
Listing Agency
Park Place Real Estate
(817) 688-3200
Listed by
Kelly Horton · License #0418194
(817) 688-3200
Source
Signaturere
Added: Apr 22 Updated: Jul 10 at 3:56 pm Checked: Jul 10 at 3:56 pm
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 Park Place Real Estate
Investment Insights
Based on property information with market context.
This property comprises two parcels totaling 2.93 acres. It includes a former restaurant, previously known as Revolver BBQ, along with a space that formerly operated as a fireworks and flea market and event venue. The site features small individual stores and large covered carports accommodating over 15 vehicles. In addition to the former restaurant, there is a fireworks building and a pavilion located behind the main market area. The property encompasses a total building size of 2231 square feet.
Key Highlights
- Large 2.93‑acre property with multiple potential uses.
- Includes a former restaurant (Revolver BBQ) and event venue.
- Features small individual stores on the property.
Local Financial Insights For Retail
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 | $55.7k | $24.96 |
| − Vacancy | −$2.8k | −$1.25 |
| EGI | $52.9k | $23.71 |
| − OpEx | −$15.9k | −$7.11 |
| NOI | $37.0k | $16.60 |
2,231 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$529.0K
$462.9K – $617.2K
NOI $37,031 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$26.74M
$23.40M – $31.20M
NOI $1,871,955 @ 7.0% cap · market cap 173.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail properties & Spaces
Similar For Sale Nearby
FAQs
What type of property is this?
Retail property - 2.93 acres featuring a former restaurant and retail spaces.
Where is this retail property located?
The property is located at 5400 Conveyor Drive Cleburne, TX.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: Large 2.93‑acre property with multiple potential uses.; Includes a former restaurant (Revolver BBQ) and event venue.; Features small individual stores on the property.
