2117 Main St Cleburne, TX 76033-5009
Property profile & analytics
2117 Main St Cleburne, TX 76033-5009
- Commercial land
- 0.69 lot acres
Property ID
US82-8715375
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.
Location Intelligence
Current Use by Public Records
- FairBridge Inn & Suites Cleburne / Hotel & Motel
- Universal EV Charging Station / Electric Vehicle Charging Station
Property Details for 2117 Main St
- Lot size
- 0.69 lot acres
- Property type
- Commercial land
- APN
- 126.2813.00120
- APU
- 126281300120
Description
This exceptional investment opportunity presents the FairBridge Inn, an 80-key hotel located at 2117 N Main St, Cleburne, TX 76033. Built in 2006 with additions in 2010, this three-story, single-building property sits on 2-3 acres of commercially zoned land. Currently operating at 50% occupancy, with an occupancy date of July 31, 2024, the hotel boasts a projected room revenue exceeding $1 million for 2024. The property's Net Operating Income (NOI) averaged $440,000 over the past three years, with a pro-forma NOI of $500,000. This translates to an 8.98% cap rate and a pro-forma cap rate of 10.20%. The asking price is $4,900,000, representing a price per key of $61,250. Cleburne, situated in Johnson County, Texas, approximately 30 miles south of Fort Worth, offers a diverse economy encompassing manufacturing, healthcare, retail, education, and government sectors. This thriving community of roughly 30,000 residents provides a strong market for hospitality services, making this hotel a compelling investment prospect with significant upside potential. The property is offered as an owner/user investment.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Cleburne
- County
- Johnson
- State
- Texas
- Longitude
- -97.3947
- Latitude
- 32.3788
- 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
$2,660
$90,030
$0.00
$90,030
-
$90,030
$0.00
$90,030
