Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    County Road 331 Cleveland, TX 77327

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    County Road 331 Cleveland, TX 77327

    View on Map
    • Commercial real estate
    • 11.17 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for County Road 331

    Lot size
    11.17 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional commercial property, located on County Road 331 in Cleveland, Texas, offers a substantial 12,800 square foot steel building situated on a generous 11.17-acre lot. The building boasts a flexible layout ideal for a variety of uses. Two large auditorium-style spaces provide ample room for gatherings, presentations, or manufacturing processes. Multiple offices and classrooms are available, along with a full kitchen and several bathrooms, catering to diverse operational needs. The property's versatility makes it suitable for a wide range of businesses, including office/warehouse operations, manufacturing facilities, entertainment venues, educational institutions, or places of worship. The expansive lot offers significant yard space and ample parking, ensuring convenience for employees and clients. The property benefits from convenient access to local amenities, with paved road frontage providing easy accessibility. An independent appraisal valued the property at $1.6 million, highlighting its significant potential. This is a rare opportunity to acquire a substantial commercial property in a thriving location. The property is priced at $799,000.

    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
    -95.0858
    Latitude
    30.2917

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      138 County Rd

      Land • 1.00 Acre
      138 County Rd, 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
    • Value Estimation by Request
      18.20 Acres

      26003 Tx-321

      Multifamily properties • 18.20 Acres
      26003 Tx-321, Cleveland, TX 77327
      View Details
    • 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
      4.45 Acres

      27201 Midline Rd

      Lifestyle centers • 4.45 Acres
      27201 Midline Rd, Splendora, TX 77327
      View Details
    • Value Estimation by Request
      1.73 Acres

      333rd County Rd 337

      COMMERCIAL (GENERAL) • 1.73 Acres
      333rd County Rd 337, Cleveland, TX 77327
      View Details

    Similar Nearby for Sale

    • $975,000
      4.49 Acres

      Highway 105 Commercial Land

      Prime Cleveland, TX acreage. High visibility, development potential.
      105 Tbd Hwy, Cleveland, TX 77327
      View Details
    • $475,000
      2.25 Acres

      Prime Cleveland Commercial Land

      Highway Frontage, Development Ready
      321 Tbd State Hwy, Cleveland, TX 77327
      View Details
    • $895,000
      6,917 SF

      105 County Road 2239, Cleveland, TX 77327

      Commercial real estate • 6,917 SF
      105 County Road 2239, Cleveland, TX 77327
      View Details
    • $789,900
      3,520 SF

      Unrestricted Land with Multiple Residences

      8.43 acres with main home, guest house, and barns.
      197 County Road 348, 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
    • $1,100,000

      61-Acre Agriculture-Exempt Land

      61-acre agriculture-exempt land with ponds, fencing, and mature trees.
      8539 Plum Grove Rd, Cleveland, TX 77327
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, approximately 1,500 square feet.
      2403 East Houston St, Cleveland, TX 77327
      View Details
    • Contact for pricing

      New Retail Space Available

      New construction retail space available for lease.
      705 E Houston St, Cleveland, TX 77327
      View Details
    • Contact for pricing
      1,224 SF

      Commercial Space Available For Rent

      Commercial space available for rent in Cleveland, Texas.
      122 South Washington Ave, Cleveland, TX 77327
      View Details
    • Contact for pricing

      Santa Fe Plaza Retail Opportunity

      Prime retail spaces available in a high-growth area.
      1075 County Rd 5270, Cleveland, TX 77327
      View Details
    • $2,500 /Mo
      108,900 SF

      Highway 105 Land Lease

      2.5 acre land lease on Highway 105.
      Highway 105, 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
    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.
    County Road 331
    Cleveland, TX 77327
    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.
    Sign Up Successful!
    You now have access to more from Realmo!