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    2490 Henderson St Cleburne, TX 76033
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    Property profile & analytics

    2490 Henderson St Cleburne, TX 76033

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    • Commercial real estate
    • 107.32 lot acres
    Off-Market
    Property ID
    US82-3072761
    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 2490 Henderson St

    Lot size
    107.32 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 107.32-acre property presents a remarkable development opportunity in the thriving city of Cleburne, Texas. Located within city limits, this expansive tract of land is ideally situated for residential development and has already received approval for single-family homes. The zoning allows for the creation of up to 350 lots, each approximately 7,000 square feet, making it perfect for a master-planned community or a large-scale residential subdivision. Enjoy convenient access to Highway 67, providing a seamless connection to the wider region. A short 35-minute commute to downtown Fort Worth via the Chisholm Trail Parkway ensures easy access to the city's amenities and employment opportunities. The property boasts picturesque lake views, adding a unique and desirable element to the future community. Residents will benefit from the proximity to local schools, shopping centers, restaurants, and recreational facilities. This development-ready land offers an unparalleled chance to capitalize on Cleburne's rapid growth and create a thriving community that seamlessly blends convenience, comfort, and natural beauty. This is an exceptional investment for builders and developers seeking a prime location in one of North Texas' fastest-growing areas. The property is offered at $6,580,500.

    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
    -97.45207
    Latitude
    32.32924

    Comparable in this City

    • $799,000
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      Prime Cleburne Commercial Land

      8.94 Acres, High Visibility, Hwy 171 Access
      200 Kilpatrick Ave, Cleburne, TX 76033
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    • $375,000
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      Cleburne Commercial Land - 4.63 Acres

      Spacious Commercial Land, Ideal for Storage
      201 Country Club Rd, Cleburne, TX 76033
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    • $533,610
      3.50 Acres

      Cleburne Commercial Land Opportunity

      3.5 Acres, Prime Commercial Location
      3 Kilpatrick St, Cleburne, TX 76033
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    • $370,260
      2.00 Acres

      Cleburne Commercial Land Opportunity

      2 Acres, Prime Location, Development Ready
      1 Kilpatrick St, Cleburne, TX 76033
      View Details
    • $686,070
      4.20 Acres

      Cleburne Commercial Land Opportunity

      4.2 Acres, Excellent Road Frontage
      2 Kilpatrick St, Cleburne, TX 76033
      View Details
    • $450,000
      368 SF

      805 Poindexter Ave, Cleburne, TX 76033

      Commercial real estate • 368 SF
      805 Poindexter Ave, Cleburne, TX 76033
      View Details

    Similar Nearby for Sale

    • $799,000
      8.94 Acres

      Prime Cleburne Commercial Land

      8.94 Acres, High Visibility, Hwy 171 Access
      200 Kilpatrick Ave, Cleburne, TX 76033
      View Details
    • $375,000
      4.63 Acres

      Cleburne Commercial Land - 4.63 Acres

      Spacious Commercial Land, Ideal for Storage
      201 Country Club Rd, Cleburne, TX 76033
      View Details
    • $533,610
      3.50 Acres

      Cleburne Commercial Land Opportunity

      3.5 Acres, Prime Commercial Location
      3 Kilpatrick St, Cleburne, TX 76033
      View Details
    • $370,260
      2.00 Acres

      Cleburne Commercial Land Opportunity

      2 Acres, Prime Location, Development Ready
      1 Kilpatrick St, Cleburne, TX 76033
      View Details
    • $686,070
      4.20 Acres

      Cleburne Commercial Land Opportunity

      4.2 Acres, Excellent Road Frontage
      2 Kilpatrick St, Cleburne, TX 76033
      View Details
    • $450,000
      368 SF

      805 Poindexter Ave, Cleburne, TX 76033

      Commercial real estate • 368 SF
      805 Poindexter Ave, 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
      3,000 SF

      Office Warehouse Space Available

      Office and warehouse spaces available, ranging from 3,000 to 4,600 SF.
      1748 N Main St, Cleburne, TX 76033
      View Details
    • Contact for pricing
      2,100 SF

      Updated Office Building For Rent

      Updated office building with luxury finishes and private parking.
      1512 Crestridge Dr, Cleburne, TX 76033
      View Details
    • Contact for pricing
      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
    • $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
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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.

    More about this property
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    2490 Henderson St, Cleburne, TX, 76033
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