Versatile Office-Retail
603 North Nolan River Road Cleburne, TX 76033
603 North Nolan River Road, Cleburne, TX, 76033
$389,000
For Sale
$389,000
Commercial Sale, Other - Cleburne, TX
Property Size1,500 SF
Lot Size0.22 Acres
Price / SF$259.33
Days on Market31
Property Features for 603 North Nolan River Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Lot size
- 0.22 Acres
Building Details
- Year built
- 1995
- Architectural style
- Other
Listing Agency
NextHome On Main
(469) 865-6882
103 Van Worth St., TX
Listed by
Ginger Smith · License #0686824,PersonLicenseNumber
(214) 957-9395
Added: Jun 16 Checked: Jul 16 at 9:06 pm
MLS# 21301959
Listing URL
Copyright © 2026 NextHome, 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 for-sale commercial space is approximately 1,500 square feet and is laid out with four large office spaces plus a convenient kitchen and break area. The interior also includes lots of storage to support day-to-day operations.
Located on North Nolan River Road in Cleburne, the property is described as highly accessible, with excellent visibility and ample on-site parking for employees and visitors. The listing notes that the space is suitable for office, retail, medical, or service-related use.
Showings are by appointment only with 24 hours’ notice, and tenants or employees should not be disturbed.
Located on North Nolan River Road in Cleburne, the property is described as highly accessible, with excellent visibility and ample on-site parking for employees and visitors. The listing notes that the space is suitable for office, retail, medical, or service-related use.
Showings are by appointment only with 24 hours’ notice, and tenants or employees should not be disturbed.
Key Highlights
- Versatile 1,500 SF commercial space built in 1995, suitable for office, retail, medical, or service use
- Interior layout includes 4 large office spaces, kitchen/break area, and lots of storage
- Ample on‑site parking for employees and visitors
Local Financial Insights For Office B
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 | $46.1k | $30.72 |
| − Vacancy | −$12.6k | −$8.42 |
| EGI | $33.5k | $22.30 |
| − OpEx | −$8.4k | −$5.58 |
| NOI | $25.1k | $16.73 |
1,500 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$358.4K
$313.6K – $418.2K
NOI $25,091 @ 7.0% cap · market cap 6.45%
Second Best
Retail
$355.7K
$311.2K – $415.0K
NOI $24,898 @ 7.0% cap · market cap 6.40%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Clint Pullen - State ...
Insurance Agency
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FAQs
What type of property is this?
Office units - Flexible commercial space features four office rooms, a kitchen area, and ample on-site parking in a Cleburne location.
Where is this office units located?
The property is located at 603 North 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: Versatile 1,500 SF commercial space built in 1995, suitable for office, retail, medical, or service use; Interior layout includes 4 large office spaces, kitchen/break area, and lots of storage; Ample on‑site parking for employees and visitors
