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    405 Ridgeway Suite D Dr Cleburne, TX 76033

    For Sale
    Contact for pricing

    Prime Cleburne location, flexible office spaces.

    Property size:
    810 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional commercial property in Cleburne, Texas, presents a unique investment opportunity. Located at 405 N Ridgeway Suite D Drive, 76033, this property boasts a prime location in the heart of Cleburne's business district. The offering includes a mix of office and land, totaling 810 square feet of currently available space. The property comprises two buildings. The front building, a 2-story structure built in 1975, offers 6,480 square feet with six individual spaces. Currently, three spaces are leased, leaving three available for lease. The rear building, a single-story structure built in 1990, provides an additional 4,132 square feet, divided into two spaces. One space is leased, and the other is available. This property offers significant flexibility. Leasable spaces range from 2,160 to 2,646 square feet, and configurations can be easily modified to create larger or smaller office spaces to suit tenant needs. Ample parking is available for tenants and visitors. The asking price for this multi-tenant, Class B property is $14 million. This is a modified lease opportunity. The property is categorized as commercial office and land. This is an excellent opportunity for investors seeking a strong presence in a thriving Texas market.

    Property Features for 405 Ridgeway Suite D Dr

    General Information

    Property type
    Land
    Square Feet
    810 SF
    Class
    B

    HighLights

    • Asking price: $14 million.
    • Office and land property, Class B, 810 square feet.
    • Modified lease, multi‑tenant occupancy.
    • Located at 405 N Ridgeway Suite D Drive, Cleburne, TX 76033.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Cleburne
    County
    Johnson
    State
    Texas
    Longitude
    -97.4118845
    Latitude
    32.3448135

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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 Suite D 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: Asking price: $14 million.; Office and land property, Class B, 810 square feet.; Modified lease, multi-tenant occupancy.
    Request Owner's contact information
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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 Suite D Dr Cleburne, TX 76033
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