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    405 Ridgeway Ste Dr Cleburne, TX 76033

    Sponsored
    For Sale
    Contact for pricing

    Prime Cleburne location, flexible office spaces.

    Property size:
    2,646 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property in Cleburne, Texas, presents a unique investment opportunity. Located at 405 N Ridgeway Suite E Drive, 76033, this property boasts a prime location in the heart of Cleburne's business district. The offering includes a two-story building (6,480 square feet, built in 1975) and a single-story building (4,132 square feet, built in 1990), totaling approximately 10,612 square feet. The property currently features multiple office spaces, with some currently leased and others available. The available spaces range in size from 2,160 square feet to 2,646 square feet, offering flexibility for various business needs. The layout can be easily modified to create larger or smaller office spaces to suit tenant requirements. Ample parking is available for tenants and visitors. The property is classified as Class B and is offered for sale at $14 million. This multi-tenant property presents a strong investment opportunity in a thriving Texas market. The property is zoned for commercial use and is situated in Johnson County. The buildings are well-maintained and offer a blend of established and adaptable spaces. This is an ideal opportunity for investors seeking a versatile commercial property with significant potential for growth and return.

    Property Features for 405 Ridgeway Ste Dr

    General Information

    Property type
    Land
    Square Feet
    2,646 SF
    Class
    B

    HighLights

    • $14 million asking price.
    • Office and land property, Class B, multi‑tenant, modified lease.
    • 2,646 square feet.
    • Located at 405 N Ridgeway Suite E Drive, Cleburne, TX 76033.
    • Multiple suites available for lease, ranging from approximately 2,160 to 2,646 square feet. Ample parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Cleburne
    County
    Johnson
    State
    Texas
    Longitude
    -97.4119013
    Latitude
    32.3448167

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    FAQs

    What type of property is this?
    Land - Prime Cleburne location, flexible office spaces.
    Where is this land located?
    The property is located at 405 Ridgeway Ste Dr Cleburne, TX.
    What is the asking price?
    The asking price for this property is $14.
    What are key features of this property?
    This property features: $14 million asking price.; Office and land property, Class B, multi-tenant, modified lease.; 2,646 square feet.
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    Realmo Value Estimation

    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.

    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.

    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
    405 Ridgeway Ste Dr Cleburne, TX 76033
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