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Property profile & analytics
OFF-MARKET
Industrial properties
1501 Main St Cleburne, TX 76033-3869
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2474777
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1980
Total area
12,297 SF
Lot
0.91 ac (39,640 SF)
APN
126.0124.20810
UPID
US82-2474777
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Marti Foundation Charitable Organization
-
StorMaXX Self Storage Storage Facility
-
Apos Ranch & Outdoors Pet Store & Service
-
Apos Archery Range Sports Field & Court
-
Lyness Construction, LP Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Drusid Investments II LLC · 3 yrs held
Drusid Investments II LLC
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cleburne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cleburne submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$12,868
Tax year 2024
Assessed value
$434,670
Assessed 2024
Previous assessed
$578,247
-24.8% YoY
Effective rate
2.96%
On assessed value
Assessed land
$76,109
Assessed improvement
$358,561
Land market value
$76,109
Improvement market value
$358,561
Total market value
$434,670
Applied tax rate
126.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1980
Heating
NONE
Total area
12,297 SF
Lot
0.91 ac (39,640 SF)
APN
126.0124.20810
UPID
US82-2474777
Jurisdiction
JOHNSON
Metro division
FORT WORTH-ARLINGTON, TX METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1980
Heating
NONE
Lot
0.91 ac
Current owner
From public records · entity-resolved
Drusid Investments II LLC
Entity
Mailing address
104 COUNTY RD 319B, ALVARADO, TX 76009-6801
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2023
—
Drusid Investments II LLC
Jeffrey D Underwood
Deed
$970,000 · First Merchant Bank
Oct 3, 2022
—
Apos Investments LLC
—
Deed
related
$233,000 · Pinnacle Bank
Jan 3, 2022
—
Apos Investments LLC
—
Deed
related
$220,000 · Pinnacle Bank
May 1, 2020
—
Jeffrey D Underwood
—
Deed
related
$600,000 · Bank Of The Panhandle
Apr 20, 2020
—
Jeffrey D Underwood
—
Deed
related
$684,900 · Bank/the Panhandle
Apr 10, 2019
—
Jeffrey D Underwood
—
Deed
related
$400,000 · Bank/the Panhandle
May 24, 2018
—
Jeffrey D Underwood
—
Deed
related
$1,000,000 · Bank Of The Panhandle
Oct 2, 2017
—
Jeffrey D Underwood
—
Deed
related
$439,938 · Bank/the Panhandle
Oct 6, 2016
—
Jeffrey D Underwood
—
Deed
related
$200,000 · North Star Bk/tx
Sep 27, 2016
—
Jeffrey D Underwood
—
Deed
related
$200,000 · North Star Bk/tx
Nov 12, 2008
—
Michelle S Marti
Marti,george W
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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