Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land in The Retreat Community Title is generated by Realmo AI

    8520 Melrose, Cleburne, TX 76033

    View on Map
    Claim this Listing
    For Sale
    $45,000

    Improved Land - Cleburne, TX

    Lot size:
    0.82 Acres
    Added:
    May 14, 2026
    Days on Market:
    17
    Last Refresh:
    May 30 at 12:06 am

    Property Features for 8520 Melrose

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    126-2972-46560
    Lot size
    0.82 Acres

    Taxes and HOA fees

    Expense value
    600
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Semi-Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Huma Azim
    Huma Azim

    Listing agent Huma Azim License #0575698

    Listing office Equitify Realty 555 Republic Dr Ste 500, Garland, TX

    Listing date May 14, 2026

    MLS# 21262216 Listing URL

    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.

    HighLights

    • Opportunity to build a custom home in The Retreat, a prestigious community.
    • Enjoy access to a championship golf course and driving range.
    • Comprehensive amenities including 24‑7 security, fitness center, two swimming pools, playgrounds, tennis court, outdoor sports court, hiking trails, and a restaurant with a full‑service bar and pro shop.
    • Conveniently located 10 minutes from restaurants and four major grocery stores.
    • The Retreat offers a calm, private community environment.
    • The Retreat provides a balance of privacy and accessibility to entertainment and necessities.

    Overview

    Located within The Retreat community in Cleburne, this homesite offers the opportunity to build a home in a prestigious community featuring a championship golf course, driving range, 24/7 security, a fitness center, two swimming pools, playgrounds, a tennis court, an outdoor sports court with picnic tables, hiking trails, a restaurant, a full-service bar, and a pro shop. The property is 0.8156 acres. Situated approximately 10 minutes from restaurants and four major grocery stores, the location provides a balance of a private community with proximity to amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Auto Repair Shop Storage Facility Furniture & Home Goods Clothing & Fashion Store (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cleburne
    County
    Johnson
    State
    Texas
    Longitude
    -97.3866
    Latitude
    32.3475

    Nearby Similar for Sale

    • $425,000
      3,320 SF

      Established Automotive Business Opportunity

      Turnkey automotive facility with income potential in Cleburne, Texas.
      206 Watters Street, Cleburne, TX 76031
      View Details
    • $500,000
      25,000 SF

      Commercial Building in Growing Area

      25,000 SF building on 3 acres in Cleburne, TX.
      1108 W Kilpatrick Street, Cleburne, TX 76033
      View Details
    • $690,000

      Iconic Dance Hall Opportunity

      Freestanding Cleburne landmark available for sale or lease.
      3121 N Main Street, Cleburne, TX 76033
      View Details
    • $345,000

      Versatile Building in Cleburne, Texas

      Adaptable building in commercial-industrial district with multiple potential uses.
      1915 N Wilhite Street, Cleburne, TX 76031
      View Details
    • $675,000
      2,768 SF

      Spanish-Style Hacienda on Acreage

      Unique property with hacienda-inspired finishes on 3.38 acres.
      1319 East FM 4, Cleburne, TX 76031
      View Details
    • $1,350,000

      High-Visibility Industrial-Commercial Building For Sale

      11,000 sq ft industrial building on high-traffic corridor.
      2309 N Main Street, Cleburne, TX 76033
      View Details
    • $525,000

      Multi-Story Commercial Building in Cleburne

      High-visibility commercial property with income and expansion potential.
      110 E Chambers Street, Cleburne, TX 76031
      View Details
    • $3,999,000
      5,020 SF

      Custom Horse Property with Arena

      Fantastic horse property featuring covered arena, barn, and luxury amenities.
      3601 W Fm 4, Cleburne, TX 76033
      View Details
    • $695,000

      Versatile Cleburne Commercial Property

      Office, warehouse, and yard space in a growing area.
      500 W Kilpatrick Street, Cleburne, TX 76033
      View Details
    • $2,500,000

      Cleburne Express Car Wash Business

      Express car wash business with recent renovations and updated equipment.
      1828 N Main Street, Cleburne, TX 76033
      View Details
    • $375,000

      Commercial Land in High-Traffic Area

      2.203 acres of commercial land in Cleburne, Texas.
      1724 W Henderson Street, Cleburne, TX 76033
      View Details
    • $599,000

      Cleburne Warehouse with 5-Bay Doors

      Light industrial warehouse space with office, restroom, and one acre.
      309 Fergason Road, Cleburne, TX 76031
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land in a prestigious golf course community.
    Where is this residential land & home lot located?
    The property is located at 8520 Melrose Cleburne, TX.
    What is the asking price?
    The asking price for this property is $45,000.
    What are key features of this property?
    This property features: Opportunity to build a custom home in The Retreat, a prestigious community.; Enjoy access to a championship golf course and driving range.; Comprehensive amenities including 24‑7 security, fitness center, two swimming pools, playgrounds, tennis court, outdoor sports court, hiking trails, and a restaurant with a full‑service bar and pro shop.
    (972) 345-2062
    We can help!
    Listing Contact
    Huma Azim
    Huma Azim
    Real Estate License ID: 0575698
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8520 Melrose, Cleburne, TX 76033
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!