Nail Salon Property with
New
For Sale
$350,000
701 S Main Street, Cleburne, TX 76033
The commercial building has a drive-through window and an existing grease trap.
Property Size1,798 SF
Price / SF$194.66
Days on Market5
Property Features for 701 S Main Street
General Information
Standard status
Active
Size
1,798 SF
Property subtype
Commercial
Zoning
Commercial
Site & Location
Corner Location
Yes
Drive-Thru
Yes
Traffic Count
10,780 vehicles/day
Highway Access
Yes
Road Access
Yes
Restaurant
Grease Trap
Yes
Equipment Included
No
Additional Details
Furnished
No
Amenities
recently repaved parking lot
convenient drive that wraps around the building
Building Details
Building Size
1,798 SF
Year Built
1940
Buildings
1
Stories
1
Units
1
Construction
concrete and cinder block
Listing Agency:
Pinnacle Realty Advisors
(972) 338-5441
Listed By:
Sheryl McMinn · License #0478463
(817) 946-4548
Source:
Bourquinrealty
Added: Oct 19
Changed: Oct 22
Last Checked: Oct 22 at 2:40PM
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 Pinnacle Realty Advisors
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Investment Insights
Based on property information with market context.
Built in 1940, this 1,798-square-foot concrete and cinder block building is currently used as a nail salon. Its features include a drive-through window and an existing grease trap, and the parking lot has been repaved. The sale covers the real estate only; salon fixtures, equipment, furnishings, inventory, and other business items are excluded.
The property is at 701 S Main Street in Cleburne, on South Highway 174. The site has a drive that wraps around the building and is zoned Commercial.
The property is at 701 S Main Street in Cleburne, on South Highway 174. The site has a drive that wraps around the building and is zoned Commercial.
Key Highlights
- 1,798‑square‑foot building constructed in 1940
- Currently operated as a nail salon; sale is for real estate only
- Drive‑through window and existing grease trap
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,844
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,880
$596.9K
Cap Rate 7%
$426,343
$426.3K
Cap Rate 9%
$331,600
$331.6K
Market Conditions
NOI Build-Up for 1,798 SF
Gross rent
$44.9K $24.96/SF
− Vacancy
−$2.2K −$1.25/SF
EGI
$42.6K $23.71/SF
− OpEx
−$12.8K −$7.11/SF
NOI
$29.8K $16.60/SF
Area
Johnson County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,880
Cap Rate 7%
$426,343
Cap Rate 9%
$331,600
Alternative Uses
Best Use
Retail
$426.3K
$373.1K – $497.4K
NOI $29,844 @ 7.0% cap · market cap 8.53%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$21.55M
$18.86M – $25.14M
NOI $1,508,640 @ 7.0% cap · market cap 431.04%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
10,780 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
465
Businesses Nearby
56k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 62%
Shops & Services 30%
Home Improvements & Furnishings 6%
Electronics 2%
SONIC Drive In
Dining
12,548 visits/mo
0.3 miles
Mi Pueblo
Dining
9,263 visits/mo
0.2 miles
Chicken Express
Dining
7,252 visits/mo
0.2 miles
O'Reilly Auto Parts
Shops & Services
5,725 visits/mo
0.4 miles
AutoZone
Shops & Services
5,291 visits/mo
0.3 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Spa & wellness property - The commercial building has a drive-through window and an existing grease trap.
Where is this spa & wellness property located?
The property is located at 701 S Main Street Cleburne, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,798‑square‑foot building constructed in 1940; Currently operated as a nail salon; sale is for real estate only; Drive‑through window and existing grease trap
