Four-Office Commercial
For Sale
$389,000
603 N Nolan River Rd, Cleburne, TX 76033
Flexible layout includes staff amenities, storage, and on-site parking for business operations and visitors.
Property Size1,500 SF
Price / SF$259.33
Days on Market86
Property Features for 603 N Nolan River Rd
General Information
Standard status
Active
Size
1,500 SF
Additional Details
Road Access
Yes
Amenities
kitchen
break area
storage
Building Details
Year Built
1995
Listing Agency:
NextHome on Main
Listed By:
Ginger Smith · License #0686824
(214) 957-9395
Source:
Christenberrygroup
Added: Jul 21
Changed: Oct 8
Last Checked: Oct 7 at 5:18PM
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 NextHome on Main
Investment Insights
Based on property information with market context.
This 1,500-square-foot office unit, built in 1995, is arranged with four large office areas plus a kitchen and break space. Additional storage supports day-to-day operations, while on-site parking serves employees and visitors. The configuration is presented as suitable for office, retail, medical, and service-related uses.
The property is located at 603 N Nolan River Rd in Cleburne, with frontage on North Nolan River Road. The setting is near major thoroughfares, shopping, dining, and established businesses. Showings are available by appointment with 24-hour notice, and the existing tenant and employees should not be disturbed.
The property is located at 603 N Nolan River Rd in Cleburne, with frontage on North Nolan River Road. The setting is near major thoroughfares, shopping, dining, and established businesses. Showings are available by appointment with 24-hour notice, and the existing tenant and employees should not be disturbed.
Key Highlights
- 1,500‑square‑foot commercial space
- Four large office spaces within the interior layout
- Kitchen and break area included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,091
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,820
$501.8K
Cap Rate 7%
$358,443
$358.4K
Cap Rate 9%
$278,789
$278.8K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$46.1K $30.72/SF
− Vacancy
−$12.6K −$8.42/SF
EGI
$33.5K $22.30/SF
− OpEx
−$8.4K −$5.58/SF
NOI
$25.1K $16.73/SF
Area
Johnson County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,820
Cap Rate 7%
$358,443
Cap Rate 9%
$278,789
Alternative Uses
Best Use
Office B
$358.4K
$313.6K – $418.2K
NOI $25,091 @ 7.0% cap · market cap 6.45%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$17.98M
$15.73M – $20.98M
NOI $1,258,598 @ 7.0% cap · market cap 323.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
92
Businesses Nearby
Explore this area
Business Placement
Demographics for 76033, TX
27,243
Population
10,962
Households
2.5
Avg Household Size
39
Median Age
21%
College-Educated
88%
High-School Grad
176.1 sq mi
ZIP Area
155
Density / Sq Mi
$69,870
Median Household Income
$40,168
Median Earnings
$1,287
Median Rent
$230,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Flexible layout includes staff amenities, storage, and on-site parking for business operations and visitors.
Where is this office units located?
The property is located at 603 N Nolan River Rd Cleburne, TX.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: 1,500‑square‑foot commercial space; Four large office spaces within the interior layout; Kitchen and break area included
