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    1812 Henderson St Cleburne, TX 76033
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    Property profile & analytics

    1812 Henderson St Cleburne, TX 76033

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    • Commercial real estate
    • 1.64 lot acres
    Off-Market
    Property ID
    US82-0104927
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1812 Henderson St

    Lot size
    1.64 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 1.636-acre commercial land parcel presents a remarkable investment opportunity in the thriving city of Cleburne, Texas. Located at 1812 W Henderson St, in Johnson County, this property boasts a strategic location with convenient access to major roadways, ensuring high visibility and accessibility for any commercial venture. The asking price is $995,000, translating to a land value of $13.96 per square foot. The expansive lot size offers significant development potential, allowing for a wide range of commercial uses, from retail establishments and office spaces to light industrial facilities. The property's address is 1812 W Henderson St, Cleburne, TX 76033, providing a precise location for potential buyers to assess its suitability for their specific business needs. Given its size and prime location within Cleburne, this property represents a rare chance to acquire a substantial piece of commercial real estate in a rapidly growing Texas market. The property's geographic coordinates are 32.3332618 latitude and -97.4283123 longitude, facilitating easy location verification and mapping. Serious inquiries are encouraged to explore the full potential of this exceptional commercial land offering. This is a unique opportunity to establish a strong presence in a dynamic and expanding Texas community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleburne
    County
    Johnson
    State
    Texas
    Longitude
    -97.4283123
    Latitude
    32.3332618

    Comparable in this City

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      1.5 acre commercial land near Texas Health Harris Methodist Hospital.
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      0.30 Acres

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      5.5 Acres for Country Living

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    Similar Nearby for Sale

    • $1,225,000
      71.89 Acres

      71 Acres Vacant Land Cleburne

      71 acres of vacant land with development potential in Cleburne.
      2301 County Road 1224, Cleburne, TX 76033
      View Details
    • $34,900
      0.33 Acres

      Resort Community Land in Cleburne

      Vacant lot in gated resort community with golf and amenities.
      6125 Castle Stuart Dr, Cleburne, TX 76033
      View Details
    • $150,000
      2.01 Acres

      2-Acre Homesite with Pecan Trees

      Build-ready 2-acre property with mature pecan trees in Cleburne, TX.
      11015 Orchards Blvd, Cleburne, TX 76033
      View Details
    • $425,000
      1.50 Acres

      Commercial Land Near Hospital

      1.5 acre commercial land near Texas Health Harris Methodist Hospital.
      2308 W Henderson St, Cleburne, TX 76033
      View Details
    • Contact for pricing
      0.30 Acres

      Residential Land in Gated Community

      Undeveloped 0.30-acre lot in The Retreat, Cleburne, Texas.
      8536 Fullerton Dr, Cleburne, TX 76033
      View Details
    • $139,000
      5.46 Acres

      5.5 Acres for Country Living

      Unimproved land perfect for a custom home and country lifestyle.
      Tbd6 County Road 1242, Cleburne, TX 76033
      View Details

    Similar Nearby for Lease

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      9,999 SF

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      Retail Center on Highway 67

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      3,000 SF

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      2,100 SF

      Updated Office Building For Rent

      Updated office building with luxury finishes and private parking.
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      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
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    1812 Henderson St
    Cleburne, TX 76033
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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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    1812 Henderson St, Cleburne, TX, 76033
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