Property profile

424 Henderson St Cleburne, TX 76033

OFF-MARKET
Commercial real estate
Property ID
US83-3949722
1,898 SF 0.29 ac lot Built 1998
Individually Owned 15-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a single-tenant office building situated at 424 W Henderson St in Cleburne, Texas, within Johnson County. The property boasts a total of 2,350 square feet of vacant office and retail space, ideal for a variety of businesses. Constructed in 1998, the property comprises two single-story buildings situated on a sizable 0.29-acre lot. The property is conveniently located in Cleburne, TX, zip code 76033, offering easy access to major transportation routes. The absence of elevators is noted, making it suitable for businesses with limited vertical space requirements. The property's single-tenant occupancy presents a streamlined management structure, minimizing complexities for the owner. The substantial lot size provides ample space for potential expansion or future development. This property is a compelling investment prospect for those seeking a well-located, manageable commercial space in a thriving Texas community. The property's single-story design and straightforward layout offer immediate usability and potential for customization to suit a tenant's specific needs. The 0.29-acre lot provides ample parking and potential for outdoor amenities. This is a rare opportunity to acquire a well-maintained commercial property in a desirable location.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1998
Total area 1,898 SF
Lot 0.29 ac (12,502 SF)
APN 126.2800.28580
UPID US83-3949722

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

424 Henderson St Cleburne, TX 76033-5453
Cleburne metro Census 131100 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2011
4 recorded transactions
2011
Price N/A
2007
Price N/A
2004
Price N/A
2004
$125,900

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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