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    405 Ridgeway Dr Cleburne, TX 76033

    For Sale
    $795,000

    Prime Cleburne location, high potential.

    Property size:
    10,612 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity in Cleburne, Texas, presents a compelling prospect for astute investors. Located at 405 N Ridgeway Dr, 76033, this property encompasses a substantial 10,612 square feet of office and land, currently operating at 20% occupancy. The property features two buildings: a 6,480 square foot, two-story structure built in 1975, and a 4,132 square foot, single-story building constructed in 1990. The older building offers six leasable spaces, four of which are currently occupied, while the newer building has two spaces, one leased and one available. The flexible layout allows for customization, with spaces ranging in size from approximately 2,160 to 2,646 square feet, easily adaptable to suit various tenant needs. Ample parking is available for tenants and visitors. This Class B property is offered at an asking price of $795,000 and presents a unique chance to capitalize on the thriving Cleburne business environment. The property's multi-tenant structure and potential for increased occupancy make it an attractive investment with significant upside. Johnson County's robust economy and strategic location further enhance this property's appeal. This is a modified lease type property.

    Property Features for 405 Ridgeway Dr

    General Information

    Property type
    Land
    Square Feet
    10,612 SF
    Class
    B

    HighLights

    • Excellent investment opportunity in Cleburne's central business district.
    • Two‑story front building (6,480 SF, 1975 construction) features seven lease spaces.
    • One‑story rear building (4,132 SF, 1990 construction) includes two lease spaces.
    • Flexible floor plans allow for adaptable office space configurations.
    • Two spaces currently leased; ample parking available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Gemini Testing & Resources Paternity Testing Service Sneaky Blinks Eyelash Salon Bavousett's Caring Keepers Home Health Care Service First Allied Securities ... Stock Broker Dr. Malouf Dermatology Dermatologist

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    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, high potential.
    Where is this land located?
    The property is located at 405 Ridgeway Dr Cleburne, TX.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: Excellent investment opportunity in Cleburne's central business district.; Two-story front building (6,480 SF, 1975 construction) features seven lease spaces.; One-story rear building (4,132 SF, 1990 construction) includes two lease spaces.
    Request Owner's contact information
    405 Ridgeway Dr Cleburne, TX 76033
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    Cleburne, TX 76033
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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 Dr Cleburne, TX 76033
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