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    2001 N Nolan River Rd Cleburne, TX 76033
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    2001 N Nolan River Rd Cleburne, TX 76033

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    • Commercial land
    For Sale
    $350,000
    View Listing →
    Development Site in Cleburne, TX For Sale
    $350,000

    Development Site in Cleburne, TX

    Prime commercial land for development in a growing area.

    2001 N Nolan River Rd, Cleburne, TX 76033
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    Property ID
    US82-4146705
    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 land

    Property Details for 2001 N Nolan River Rd

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Prime development site for a professional office building, medical office or retail Situated within a federally designated opportunity zone Located in the booming Cleburne market, surrounded by single-family and industrial development Water / electricity / sewer all delivered to the site Near Cleburne Station and The Railhead Residential future developments Property is located on a hard corner with frontage along Nolan River Rd and Kilpatrick Ct

    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
    -97.424924
    Latitude
    32.366047

    Comparable in this City

    • $7,000,000
      19.14 Acres

      Unimproved Land Near Chisholm Trail

      19.14 acres of land with no floodplain or pipelines.
      2209 N Nolan River Rd, Cleburne, TX 76033
      View Details
    • $800,000
      3.07 Acres

      3 Acres Cleburne Commercial Land

      3 acres of commercial land ideal for retail or restaurant.
      1651 Country Club Rd, Cleburne, TX 76033
      View Details
    • Contact for pricing
      182,952 SF

      Commercial Land on Kilpatrick Road

      4.2 acres of commercial land ready for development.
      2 Kilpatrick St, Cleburne, TX 76033
      View Details
    • $370,260

      Commercial Land on Corner Lot

      Two-acre commercial land parcel on corner of two roads.
      1 Kilpatrick St, Cleburne, TX 76033
      View Details
    • $2,600,000
      40.40 Acres

      40 Acres on Chisholm Trail

      Prime investment opportunity with frontage on Chisholm Trail Tollway.
      4469 County Road 1022, Cleburne, TX 76033
      View Details
    • $145,000
      0.37 Acres

      Cleburne Land with Main Street Frontage

      Unimproved land with utilities and metal building in Cleburne, TX.
      1709 N Main St, Cleburne, TX 76033
      View Details

    Similar Nearby for Sale

    • $7,000,000
      19.14 Acres

      Unimproved Land Near Chisholm Trail

      19.14 acres of land with no floodplain or pipelines.
      2209 N Nolan River Rd, Cleburne, TX 76033
      View Details
    • $800,000
      3.07 Acres

      3 Acres Cleburne Commercial Land

      3 acres of commercial land ideal for retail or restaurant.
      1651 Country Club Rd, Cleburne, TX 76033
      View Details
    • Contact for pricing
      182,952 SF

      Commercial Land on Kilpatrick Road

      4.2 acres of commercial land ready for development.
      2 Kilpatrick St, Cleburne, TX 76033
      View Details
    • $370,260

      Commercial Land on Corner Lot

      Two-acre commercial land parcel on corner of two roads.
      1 Kilpatrick St, Cleburne, TX 76033
      View Details
    • $2,600,000
      40.40 Acres

      40 Acres on Chisholm Trail

      Prime investment opportunity with frontage on Chisholm Trail Tollway.
      4469 County Road 1022, Cleburne, TX 76033
      View Details
    • $145,000
      0.37 Acres

      Cleburne Land with Main Street Frontage

      Unimproved land with utilities and metal building in Cleburne, TX.
      1709 N Main St, Cleburne, TX 76033
      View Details

    Similar Nearby for Lease

    • $650 /Mo
      16,117 SF

      Commercial Land on Main Street

      Fenced commercial land with frontage on Main Street in Cleburne.
      1709 N Main St, Cleburne, TX 76033
      View Details
    • Contact for pricing

      Retail Center on Highway 67

      Highly visible retail center with pad sites and in-line spaces.
      239 North Nolan River Rd, Cleburne, TX 76033
      View Details
    • Contact for pricing
      9,999 SF

      Commercial Land on Main Street

      Prime commercial land for rent on Main Street.
      1709 N Main St, Cleburne, TX 76033
      View Details
    • $3,600 /Mo
      8,320 SF

      Prime Retail Space on Main

      High-visibility retail space in a vibrant commercial hub.
      607 S 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
    • Contact for pricing

      Retail Space Available

      Retail space for rent in Cleburne, Texas.
      Highway 174, Cleburne, TX 76033
      View Details
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    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.

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    2001 N Nolan River Rd, Cleburne, TX, 76033
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