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Property profile & analytics
OFF-MARKET Estimated value $2,140,000
Commercial real estate

200 Ridgeway Dr Cleburne, TX 76033-4151

13,043 SF 3.1 ac lot Built 1977
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US82-4818626
Property summary
AI-generated overview

This exceptional executive office space, located at 200 S. Ridgeway Dr in Cleburne, Texas, offers 2,540 square feet of readily available space within a larger 5,540 square foot building. Situated on a 0.48-acre lot, the property boasts convenient free surface parking, a significant advantage for employees and clients alike. The building, constructed in 1976, has undergone recent renovations, ensuring a modern and functional workspace. This is a turnkey solution, perfect for businesses seeking immediate occupancy. The space is part of a multi-tenant building, offering a collaborative environment. Utilities and janitorial services are included in the full-service lease rate, minimizing operational overhead. The property's location in Cleburne, Johnson County, Texas (zip code 76033) provides easy access to major thoroughfares, enhancing connectivity and accessibility. The property is classified as both retail and office space, reflecting its versatility and potential for diverse business applications. This is an excellent opportunity for businesses seeking a well-maintained, conveniently located, and fully serviced office space in a thriving area. The available space is ideal for a variety of executive office needs.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1977
Total area 13,043 SF
Lot 3.1 ac (135,023 SF)
APN 126.2978.00120
UPID US82-4818626
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • First Financial Mortgage Loan Service Bank
  • First Financial Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.03M
Comparable Approach Comparable
$2.25M
Blend (final) Blend
$2.14M
Owner & transaction history
Mwb Real Properties LLC · 4 yrs held
Mwb Real Properties LLC
since 2021
1 recorded transaction
2021
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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