Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2 Kilpatrick St Cleburne, TX 76033

    • Commercial real estate
    • 4.20 lot acres
    For Sale
    View listing
    $686,070
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2 Kilpatrick St

    Lot size
    4.20 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 4.2-acre commercial property in Cleburne, Texas, presents a prime development opportunity. Located on the corner of Granbury and Kilpatrick Streets, the land boasts significant road frontage on Kilpatrick Road, offering excellent visibility and accessibility. The property is zoned RC (Commercial), making it suitable for a wide range of commercial ventures. The land itself is notably flat and ready for immediate development, minimizing site preparation costs. High-quality photographs showcase the 4.2 acres included in this listing, as well as adjacent acreage available for expansion. This presents a unique chance to acquire a substantial parcel in a growing area. The seller is open to negotiations regarding the purchase of additional adjacent acreage, detailed in MLS listing 20823211. This property's strategic location and expansive size make it an ideal investment for businesses seeking a prominent presence in Cleburne. The flat terrain simplifies construction planning, and the ample space allows for flexibility in design and development. Don't miss this chance to secure a significant commercial foothold in a thriving Texas market. Contact us today to learn more about this exceptional opportunity and the potential for acquiring additional land. The address is TBD 2 Kilpatrick Street, Cleburne, TX. The asking price is $686,070.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cleburne
    County
    Johnson
    State
    Texas
    Longitude
    -97.3961
    Latitude
    32.369

    Comparable in this City

    • Value Estimation by Request
      2,646 SF

      405 Ridgeway Suite Dr

      Land • 2,646 SF
      405 Ridgeway Suite Dr, Cleburne, TX 76033
      View Details
    • Value Estimation by Request
      52.00 Acres

      1302 Cleburne Sta Pkwy

      Mixed-use properties • 52.00 Acres
      1302 Cleburne Sta Pkwy, Cleburne, TX 76033
      View Details
    • Value Estimation by Request
      0.76 Acres

      226 Katherine P. Raines Rd

      Land • 0.76 Acres
      226 Katherine P. Raines Rd, Cleburne, TX 76033
      View Details
    • Value Estimation by Request
      75.00 Acres

      67 Access Rd

      Land • 75.00 Acres
      67 Access Rd, Cleburne, TX 76033
      View Details
    • Value Estimation by Request
      0.56 Acres

      1120 Overhill Dr

      COMMERCIAL (GENERAL) • 0.56 Acres
      1120 Overhill Dr, Cleburne, TX 76033-8496
      View Details
    • Value Estimation by Request
      8.70 Acres

      7337 Retreat Blvd

      COMMERCIAL (GENERAL) • 8.70 Acres
      7337 Retreat Blvd, Cleburne, TX 76033
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      75.00 Acres

      Cleburne, TX Mixed-Use Land

      75 Acres, Highway Convergence, Opportunity Zone
      67 Access Rd, Cleburne, TX 76033
      View Details
    • $533,610
      152,460 SF

      Cleburne Warehouse & Land Investment

      152,460 SF Warehouse, 5.5 Acres Available
      2 Kilpatrick St, Cleburne, TX 76033
      View Details
    • $348,480
      87,120 SF

      Cleburne TX Warehouse Land Investment

      87,120 SF Warehouse, 5.5 Acres Available
      1 Kilpatrick St, Cleburne, TX 76033
      View Details
    • $3,960,000
      8.13 Acres

      Cleburne Commercial Land Investment

      8 Acres, 353,969 SF, C-1 Zoning
      522 Country Meadow Cir, Cleburne, TX 76033
      View Details
    • Contact for pricing
      2,646 SF

      Cleburne Office & Land Investment

      Prime Cleburne location, flexible office spaces.
      405 Ridgeway Ste Dr, Cleburne, TX 76033
      View Details
    • $533,610
      3.50 Acres

      Cleburne Commercial Land Opportunity

      3.5 Acres, Prime Commercial Location
      3 Kilpatrick St, Cleburne, TX 76033
      View Details

    Similar Nearby for Lease

    • $3,200 /Mo
      10,411 SF

      Updated Office Building with Parking

      Updated office building with luxury finishes, private parking, great location.
      1512 Crestridge Dr, Cleburne, TX 76033
      View Details
    • $3,325 /Mo

      Office Warehouse Space Available

      Office warehouse space with grade level door for lease.
      1812 N Main B, Cleburne, TX 76033
      View Details
    • $2,162 /Mo

      Office Warehouse Space Available

      Office warehouse space with grade level door for lease.
      1748 N Main C, Cleburne, TX 76033
      View Details
    • Contact for pricing
      10,000 SF

      Hwy 174 Cleburne Retail Space

      Prime Cleburne retail strip center, flexible space.
      0 Highway 174, Cleburne, TX 76033
      View Details
    • Contact for pricing
      7,200 SF

      Retail Center on Highway 67

      Highly visible retail center with pad sites and in-line spaces.
      1709 Shawnee Dr, Cleburne, TX 76033
      View Details
    • $3,600 /Mo
      8,320 SF

      Prime Retail Space on Main

      High-visibility retail space in a vibrant commercial hub.
      607 S Main St, Cleburne, TX 76033
      View Details
    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.
    2 Kilpatrick St
    Cleburne, TX 76033
    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

    Google sign-in failed. Please try again or use another login method.