Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    1102 Henderson St Cleburne, TX 76033

    • Commercial real estate
    • 3,219 SF
    • 0.46 lot acres
    For Sale
    View listing
    $399,900
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4322186
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Exxon / Gas Station
    • Byte Federal Bitcoin ATM (Exxon) / Crypto Atm / Atm
    • Tiger Mart 8 / Convenience Store
    • Tiger Mart / Gas Station / Convenience Store

    Property Details for 1102 Henderson St

    Year built
    1975
    Lot size
    0.46 lot acres
    Property size
    3,219 SF
    Property type
    Commercial real estate
    APN
    126.2800.19730
    APU
    126280019730

    Description

    This exceptional commercial property at 1102 W Henderson Street in Cleburne, Texas, presents a unique investment opportunity. Boasting 11,600 square feet on a 0.32-acre lot, this high-traffic location offers unparalleled visibility with three sides of road frontage on a major thoroughfare experiencing over 23,000 vehicles daily. The property features 113 feet of frontage on Henderson Street, ensuring maximum exposure for any business. Previously home to Bob's Furniture for over three decades, the existing building offers a large, open-span warehouse ideal for a variety of uses, including furniture, mattress, or feed stores. Alternatively, the building could be demolished to create space for a new development, capitalizing on Cleburne's rapid growth. Recent investments in the area include Olive Garden, HTeaO, Hobby Lobby, Smoothie King, and Chick-fil-A, demonstrating Cleburne's thriving commercial sector. The property includes recently installed LED lighting, updated office and restroom plumbing, and renovated office electrical systems. This prime location offers an exceptional chance to establish a successful business in a rapidly expanding city. The asking price is $399,900.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $295,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $485,000
      Market price range: $174k - $571k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cleburne
    County
    Johnson
    State
    Texas
    Longitude
    -97.3718
    Latitude
    32.3516
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2018
    $8,381
    $90,757
    $192,891
    $283,648
    -
    $90,757
    $192,891
    $283,648

    Comparable in this City

    • Value Estimation by Request
      43.71 Acres

      4319 Main St

      Land • 43.71 Acres
      4319 Main St, Cleburne, TX 76031
      View Details
    • Value Estimation
      $440,000
      10.84 Acres

      3437 County Rd 807

      COMMERCIAL (GENERAL) • 10.84 Acres
      3437 County Rd 807, Cleburne, TX 76031-0008
      View Details
    • Value Estimation
      $290,000
      288 SF

      125 Vantage Dr

      COMMERCIAL (GENERAL) • 288 SF
      125 Vantage Dr, Cleburne, TX 76031-1374
      View Details
    • Value Estimation
      $260,000
      831 SF

      503 Caddo St

      COMMERCIAL (GENERAL) • 831 SF
      503 Caddo St, Cleburne, TX 76031-5510
      View Details
    • Value Estimation
      $275,000
      1,200 SF

      712 Caddo St

      COMMERCIAL (GENERAL) • 1,200 SF
      712 Caddo St, Cleburne, TX 76031
      View Details
    • Value Estimation
      $275,000
      8,640 SF

      2 Caddo St

      COMMERCIAL (GENERAL) • 8,640 SF
      2 Caddo St, Cleburne, TX 76031-5540
      View Details

    Similar Nearby for Sale

    • $1,200,000
      3.16 Acres

      Highway 67 Commercial Land

      3.16-acre commercial lot, prime location.
      3800 Highway 67, Cleburne, TX 76031
      View Details
    • $479,000
      3.77 Acres

      High-Visibility Keene Commercial Land

      Prime 3.77-acre commercial lot, high traffic count.
      3515 Highway 67, Keene, TX 76031
      View Details
    • Contact for pricing
      43.71 Acres

      Cleburne Industrial Land - 43 Acres

      Prime Cleburne location, divisible lots, excellent access.
      4319 Main St, Cleburne, TX 76031
      View Details
    • $399,000
      1,600 SF

      Cleburne Industrial Property - Great Location

      Versatile industrial space, prime location, great potential.
      701 Henderson St, Cleburne, TX 76031
      View Details
    • $500,000

      Keene, Texas Commercial Land

      3.63 acre commercial land with many possibilities in Keene.
      4011 Highway 67 E, Keene, TX 76031
      View Details
    • $110,000
      1.41 Acres

      Residential Land in Cleburne, TX

      1.41 acre lot, perfect for building a dream home.
      5101 County Road 1202, Cleburne, TX 76031
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      75,000 SF

      Retail Center on Highway 67

      Retail center with pad sites and in-line spaces available.
      1714 West Henderson St, Cleburne, TX 76031
      View Details
    • Contact for pricing

      Retail Center Pad Sites Available

      Retail center with pad sites and in-line spaces for rent.
      1724 West Henderson St, Cleburne, TX 76031
      View Details
    • $2,200 /Mo

      Medical Office Space Available

      Medical office space for rent.
      1900 E Henderson St, Cleburne, TX 76031
      View Details
    • $2,900 /Mo
      11,025 SF

      Cleburne Retail Space with Stage

      Open retail space with stage, suitable for studio or store.
      104 S Robinson St, Cleburne, TX 76031
      View Details
    • New
      $6,000 /Mo
      96,311 SF

      Established Car Lot Ready

      Full-service auto sales and service facility ready for immediate operation.
      1301 E Henderson St, Cleburne, TX 76031
      View Details
    • $1,675 /Mo

      Newer Duplex with Fenced Yard

      Three-bedroom, two-bath duplex with fenced yard for rent.
      2312 County Road 314, Cleburne, TX 76031
      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.
    1102 Henderson 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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.