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    Community Dr Cleveland, TX 77327

    • Warehouses
    • 43,560 SF
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 0 Community Dr

    Property size
    43,560 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Liberty
    State
    Texas
    Longitude
    -95.0494
    Latitude
    30.1354

    Comparable in this City

    • Value Estimation by Request
      6.20 Acres

      1968 Cleveland Hwy

      Churches & religious facilities • 6.20 Acres
      1968 Cleveland Hwy, Cleveland, TX 77327
      View Details
    • Value Estimation by Request
      18.42 Acres

      16375 Tx-105

      Restaurants • 802,375 SF
      16375 Tx-105, Cleveland, TX 77327
      View Details
    • Value Estimation by Request
      1,118 SF

      22360 Tx-321

      Office space • 1,118 SF
      22360 Tx-321, Cleveland, TX 77327
      View Details
    • Value Estimation by Request
      6.19 Acres

      27286 Midline Rd

      Multifamily properties • 269,636 SF
      27286 Midline Rd, Splendora, TX 77327
      View Details
    • Value Estimation by Request
      3.00 Acres

      752 Us-59

      Land • 3.00 Acres
      752 Us-59, Cleveland, TX 77327
      View Details
    • Value Estimation by Request
      9.57 Acres

      600 Easy St

      Land • 9.57 Acres
      600 Easy St, Cleveland, TX 77327
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      43,560 SF

      170-Acre Industrial Site in Texas

      Prime location, flexible development, rapid growth
      0 Community Dr, Cleveland, TX 77327
      View Details
    • $780,000
      6.20 Acres

      Cleveland Hwy Commercial Property

      6.2-Acre Business Park Tract, $780,000
      1968 Cleveland Hwy, Cleveland, TX 77327
      View Details
    • $789,800
      6.19 Acres

      Hwy 59 Commercial Land, Cleveland, TX

      6.19 Acres, Multi-Use Potential, High Visibility
      27286 Midline Rd, Splendora, TX 77327
      View Details
    • Contact for pricing
      18.42 Acres

      Prime Cleveland, TX Commercial Property

      18 Acres, 802,375 SF, Multi-Use Potential
      16375 Tx-105, Cleveland, TX 77327
      View Details
    • $585,000

      Versatile Property with Warehouse and Sawmill

      5.54 acres with warehouse, sawmill, office space, and modular home.
      21405 Fm 787 Rd, Cleveland, TX 77327
      View Details
    • $4,354,800

      Retail Showroom with Warehouse Space

      13,750 SF retail showroom with warehouse on 19.41 acres.
      752 Highway 59 North Byp, Cleveland, TX 77327
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      5,000 SF

      Liberty County Industrial Space

      5,000 SF Manufacturing/Warehouse
      105 Hubert St, Cleveland, TX 77327
      View Details
    • $2,000 /Mo
      1,760 SF

      Renovated Warehouse and Office Space

      Warehouse and office space renovated in 2020, tenant pays utilities.
      1108 N Washington Ave, Cleveland, TX 77327
      View Details
    • $14 SF/Yr
      3,868 SF

      Cleveland Industrial Manufacturing Space

      3,868 SF Manufacturing Facility in Cleveland, TX
      200 Manthey Ave, Cleveland, TX 77327
      View Details
    • $15 SF/Yr
      4,500 SF

      Freestanding Building with Bay Doors

      4,500 SF building with three bay doors for lease.
      1009 Highway 59 N, Cleveland, TX 77327
      View Details
    • $900 /Mo
      400 SF

      Furnished Office Space For Rent

      Furnished office space with easy highway access available for rent.
      308 Belcher St, Cleveland, TX 77327
      View Details
    • Contact for pricing
      1,600 SF

      Prime Cleveland Retail Space

      800 SF Available in Legends Marketplace
      1003 Houston St, Cleveland, TX 77327
      View Details
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    Community Dr
    Cleveland, TX 77327
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    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
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