Office Unit with On-Site
603 N Nolan River Road, Cleburne, TX 76033
For Sale
$389,000
Pending
CommercialSale, Cleburne, TX
Property Size1,500 SF
Lot Size0.22 Acres
Days on Market119
Property Features for 603 N Nolan River Road
General Information
Property type
Property subtype
Zoning description
Parking features
Security features
Fireplace
Subdivision
Lot features
Directions
Standard status
APN
Lot size
Additional Details
Tenant in Place
Property Use
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
NextHome on Main
(469) 946-6398
Listed By:
Ginger Smith · License #0686824
(469) 865-6882
Added: Jul 11
Changed: Oct 29
Last Checked: Nov 6 at 10:06PM
MLS# 21301959
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.
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Investment Insights
Based on property information with market context.
This office unit at 603 N Nolan River Road provides four large office rooms, a kitchen and break area, and dedicated storage. Carpet and tile flooring, central air conditioning, central heating, ceiling fans, and a fireplace are included among the interior features. The building was constructed in 1995 with brick construction and a composition roof.
The property occupies 0.221 acres and includes a carport for on-site parking. Public water and public sewer serve the property. The location is in Cleburne, Texas, with access along North Nolan River Road and proximity to shopping, dining, established businesses, and major thoroughfares. Showings are available by appointment with 24-hour notice.
The property occupies 0.221 acres and includes a carport for on-site parking. Public water and public sewer serve the property. The location is in Cleburne, Texas, with access along North Nolan River Road and proximity to shopping, dining, established businesses, and major thoroughfares. Showings are available by appointment with 24-hour notice.
Key Highlights
- Four large office spaces with kitchen, break area, and storage
- 0.221‑acre commercial property at 603 N Nolan River Road
- Carport parking available on site
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.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
468
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
$230,600
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Cleburne, TX
Properties on Market for Office Units in Cleburne
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Four-office commercial unit with a staff kitchen, break area, storage, and convenient access for employees and visitors.
Where is this office unit located?
The property is located at 603 N Nolan River Road 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: Four large office spaces with kitchen, break area, and storage; 0.221‑acre commercial property at 603 N Nolan River Road; Carport parking available on site
