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    Property profile & analytics

    2501 County Road 902 Joshua, TX 76058

    • Commercial real estate
    • 105.10 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2722914
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2501 County Road 902

    Lot size
    105.10 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 105.1-acre tract of land presents a compelling investment opportunity in the thriving Cleburne, Texas area. Strategically located on the southwest corner of the Chisholm Trail Parkway and County Road 902, this property boasts an impressive 0.70 miles of frontage along the toll road. The flat topography simplifies development, while the ETJ zoning within the Cleburne extraterritorial jurisdiction offers flexibility for a wide range of commercial and industrial uses. The site benefits from its proximity to major transportation arteries, providing excellent connectivity. Northbound access to Interstate 20 and eastbound access to Interstate 35W ensures seamless logistics for businesses. Cleburne itself offers a strong workforce and a desirable low cost of living, making this location particularly attractive for companies seeking to relocate or expand. The surrounding area is experiencing significant growth, further enhancing the long-term value of this property. With its ideal location, ample acreage, and convenient access to major highways, this land parcel is perfectly positioned for substantial future development and return on investment. The property's flat terrain minimizes site preparation costs, making it an even more attractive proposition for developers. This is a rare opportunity to acquire a large, strategically located parcel of land in a rapidly growing area of Texas.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Joshua
    County
    Johnson
    State
    Texas
    Longitude
    -97.4184529
    Latitude
    32.4154101

    Comparable in this City

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      2.52 Acre Commercial Lot

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    • $1,779,752
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      Prime Joshua, TX Farmland

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      Corner Pad Site Land Available

      Hard corner pad site available for retail or office.
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    • $150,000
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      Unimproved Land in Cleburne, Texas

      Land lot in a prime location between Cleburne and Joshua.
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      View Details

    Similar Nearby for Sale

    • $379,000
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      2.52 Acre Commercial Lot

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      1624 W Fm 917, Joshua, TX 76058
      View Details
    • $1,100,000
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      Industrial Land Near Chisholm Trail

      10+ acre industrial land near Chisholm Trail Parkway.
      4005 Windmill Rd, Cleburne, TX 76058
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    • $875,000
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      Retail and Self-Storage Investment Opportunity

      Multi-purpose neighborhood center with retail and self-storage in growing area.
      210 N Broadway St, Joshua, TX 76058
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    • $1,779,752
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      Prime Joshua, TX Farmland

      16 Acres, AG Zoning, Development Potential
      7226 Fm 1902, Joshua, TX 76058
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    • Contact for pricing

      Corner Pad Site Land Available

      Hard corner pad site available for retail or office.
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    • $150,000
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      Unimproved Land in Cleburne, Texas

      Land lot in a prime location between Cleburne and Joshua.
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      View Details

    Similar Nearby for Lease

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    • $6,000 /Mo
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      6,000+ sq ft facility on 2+ acres for lease.
      4017 Windmill Rd, Cleburne, TX 76058
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      13,778 SF

      Proposed Office/Warehouse Space For Lease

      Proposed 13,778 SF office/warehouse with build-to-suit options.
      3941 Windmill Rd, Joshua, TX 76058
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    • $12 SF/Yr
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      Retail and Flex/Industrial Space

      Retail and flex/industrial space with secure, gated parking.
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    • $2,200 /Mo
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      New Industrial Warehouse in Joshua,TX

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    2501 County Road 902
    Joshua, TX 76058
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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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