Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    405 Ridgeway Ste D Dr Cleburne, TX 76033
    Back to Search
    Property profile & analytics

    405 Ridgeway Ste D Dr, Cleburne, TX 76033

    View on Map
    • Office Spaces
    • 810 SF
    For Sale
    $14
    View Listing →
    Cleburne Office & Land Investment For Sale
    $14
    810 SF

    Cleburne Office & Land Investment

    Prime Cleburne location, flexible office spaces.

    405 Ridgeway Ste D Dr, Cleburne, TX 76033
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 405 Ridgeway Ste D Dr

    Property type
    Office Spaces
    Property subtype
    Land

    Description

    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.

    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
    -97.4119
    Latitude
    32.3448

    Comparable in this City

    • Value Estimation by Request
      2,184 SF

      405 Ridgeway Dr Suite H Dr

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

      405 Ridgeway Suite Dr

      Land
      405 Ridgeway Suite Dr, Cleburne, TX 76033
      View Details
    • Value Estimation by Request
      2,160 SF

      405 Ridgeway Suite C Dr

      Land
      405 Ridgeway Suite C Dr, Cleburne, TX 76033
      View Details
    • Value Estimation by Request
      15.40 Acres

      150 Cleburne Sta Pkwy

      Land
      150 Cleburne Sta Pkwy, Cleburne, TX 76033
      View Details
    • Value Estimation by Request
      52.00 Acres

      1302 Cleburne Sta Pkwy

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

      226 Katherine P. Raines Rd

      Land
      226 Katherine P. Raines Rd, Cleburne, TX 76033
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,160 SF

      Cleburne Office Space For Lease

      Prime Cleburne location, flexible office suites.
      405 Ridgeway Ste C Dr, Cleburne, TX 76033
      View Details
    • Contact for pricing
      810 SF

      Cleburne Office & Land Investment

      Prime Cleburne location, flexible office spaces.
      405 Ridgeway Ste D Dr, Cleburne, TX 76033
      View Details
    • Contact for pricing
      2,184 SF

      Cleburne Office Space For Lease

      Prime Cleburne location, flexible office suites.
      405 Ridgeway Dr Ste H Dr, Cleburne, TX 76033
      View Details
    • $795,000
      10,612 SF

      Cleburne Office & Land Investment

      Prime Cleburne location, high potential.
      405 Ridgeway Dr, Cleburne, TX 76033
      View Details
    • $495,000
      7,200 SF

      Cleburne Office Building - Great Investment

      Versatile 7,200 sq ft office building, prime location.
      302 Lincoln Park Dr, Cleburne, TX 76033
      View Details
    • $40,000
      0.29 Acres

      Unimproved Land in Cleburne, TX

      Unimproved land offering exclusive pricing opportunity in Cleburne, Texas.
      8632 Summerhill Ln, Cleburne, TX 76033
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      5,540 SF

      Executive Office Space in Cleburne, TX

      Prime Cleburne office, 2,540 sq ft available.
      200 Ridgeway Dr, Cleburne, TX 76033
      View Details
    • Contact for pricing

      Land For Rent

      Land available for rent.
      702 S Main St, Cleburne, TX 76033
      View Details
    • Contact for pricing
      1,250 SF

      Updated Office Space Available

      Recently updated office space suitable for medical or general use.
      1910 W Henderson St, Cleburne, TX 76033
      View Details
    • Contact for pricing
      2,100 SF

      Updated Office Building For Rent

      Updated office building with luxury finishes and private parking.
      1512 Crestridge Dr, Cleburne, TX 76033
      View Details
    • Contact for pricing
      3,000 SF

      Office Warehouse Space Available

      Office and warehouse spaces available, ranging from 3,000 to 4,600 SF.
      1748 N Main St, Cleburne, TX 76033
      View Details
    • $18 SF/Yr
      27,573 SF

      Professional Office Space Available

      Office space for lease on main Cleburne thoroughfare.
      1632 W Henderson St, Cleburne, TX 76033
      View Details
    View Listing
    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.
    405 Ridgeway Ste D Dr
    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

    Thank You for Inquiry
    405 Ridgeway Ste D Dr, Cleburne, TX, 76033
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!