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    Property profile & analytics

    460 Cir Dr, Unit 318 Cleburne, TX 76033-5464

    • Industrial properties
    • 45,750 SF
    • 10.49 lot acres
    OFF-MARKET
    Last Sale
    Jul 15, 2022
    Value Estimations
    $4,010,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4238498
    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

    • Industrial properties

    Property Details for 460 Cir Dr

    Year built
    2005
    Lot size
    10.49 lot acres
    Property size
    45,750 SF
    Property type
    Industrial properties
    APN
    126.2378.01050
    APU
    126237801050

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,940,000
      6.5%
      $3,635,000
      7%
      $3,375,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,378,000
      Market price range: $727k - $4.38M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,505,000
      Current use
      COMMERCIAL (GENERAL)
      $4,885,000
      Change: +95% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleburne
    County
    Johnson
    State
    Texas
    Longitude
    -97.2915
    Latitude
    32.3911
    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
    2024
    $176,565
    $367,150
    $6,831,108
    $7,198,258
    -
    $367,150
    $6,831,108
    $7,198,258

    Comparable in this City

    • Value Estimation by Request

      820 Sparks Dr

      INDUSTRIAL (GENERAL)
      820 Sparks Dr, Cleburne, TX 76033-7700
      View Details
    • Value Estimation
      $4,815,000
      54,975 SF

      822 Walter Holliday Dr

      INDUSTRIAL (GENERAL) • 54,975 SF
      822 Walter Holliday Dr, Cleburne, TX 76033-9600
      View Details
    • Value Estimation
      $1,740,000
      33,600 SF

      410 Marti Dr

      INDUSTRIAL (GENERAL) • 33,600 SF
      410 Marti Dr, Cleburne, TX 76033-7705
      View Details
    • Value Estimation
      $27,650,000
      504,995 SF

      3470 Windmill Rd

      INDUSTRIAL (GENERAL) • 504,995 SF
      3470 Windmill Rd, Cleburne, TX 76033-7746
      View Details
    • Value Estimation
      $715,000
      8,822 SF

      3202 Windmill Rd

      INDUSTRIAL (GENERAL) • 8,822 SF
      3202 Windmill Rd, Cleburne, TX 76033-7753
      View Details
    • Value Estimation
      $8,405,000
      504,995 SF

      3470 Windmill Rd

      INDUSTRIAL (GENERAL) • 504,995 SF
      3470 Windmill Rd, Cleburne, TX 76033-7746
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.14 Acres

      Cleburne Industrial Land For Sale

      Prime 2.14-acre pad site in Cleburne, TX.
      2230 Main St, Cleburne, TX 76033
      View Details
    • New
      $2,200,000
      18,000 SF

      Highway Frontage Industrial Buildings

      Two industrial buildings on 2 acres with highway frontage.
      2305 N Main St, Cleburne, TX 76033
      View Details
    • $2,200,000

      Prime Industrial Property on Highway

      Two acres with 18,000 SF industrial buildings on major highway.
      2305 N Main St, Cleburne, TX 76033
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    • $4,800,000
      85.00 Acres

      85-Acre Cleburne Commercial Land

      Prime Texas acreage, excellent access, opportunity zone.
      2949 Weatherford Hwy, Cleburne, TX 76033
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    • Contact for pricing
      358.00 Acres

      358-Acre Cleburne Industrial Land

      Prime Industrial Site, Rail Served, Opportunity Zone
      503 Vaughn Rd, Cleburne, TX 76033
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    • $695,000
      1.58 Acres

      Versatile Cleburne Commercial Property

      Office, warehouse, and yard space in a growing area.
      500 W Kilpatrick St, Cleburne, TX 76033
      View Details

    Similar Nearby for Lease

    • $5,500 /Mo
      68,825 SF

      Cleburne Commercial Property with Warehouse

      Commercial property with office, warehouse, and yard in Cleburne, TX.
      500 W Kilpatrick St, Cleburne, TX 76033
      View Details
    • $3,325 /Mo
      332,798 SF

      Office Warehouse Space Available

      Office and warehouse spaces available in Cleburne, Texas.
      1812 N Main St, Cleburne, TX 76033
      View Details
    • $2,162 /Mo
      10,500 SF

      Office Warehouse Space Available

      Office and warehouse spaces available in Cleburne, Texas.
      1748 N Main St, Cleburne, TX 76033
      View Details
    • $4,200 /Mo
      28,750 SF

      Versatile Commercial Building in Cleburne

      Stand-alone commercial building with flexible space in central Cleburne.
      124 Faircrest Dr, Cleburne, TX 76033
      View Details
    • $9 SF/Yr
      13,778 SF

      Cleburne Industrial Warehouse

      13,778 SF Warehouse, 20-Ton Crane Ready
      0 Tbd Windmill Rd, Cleburne, TX 76033
      View Details
    • $2,162 /Mo
      6,000 SF

      Cleburne Office Warehouse Space

      Office warehouse space in Cleburne, TX, with flexible options.
      1744 N Main St, Cleburne, TX 76033
      View Details
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    460 Cir Dr, Unit 318
    Cleburne, TX 76033-5464
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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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