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Property profile & analytics
FOR SALE
Commercial real estate
607 S Main St Cleburne, TX 76033
Individually Owned
4-yr Hold
Free & Clear
Property ID
US82-1832401
For Sale
1 / 4
$649,900
607 S Main St, Cleburne, TX 76033
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1950
Total area
3,600 SF
Lot
0.19 ac (8,333 SF)
APN
126.2800.22350
UPID
US82-1832401
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Anetic Aid (US Sales & Service) Production Facility
-
Advantage Electric Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Joel W Victory III · 4 yrs held
Joel W Victory III
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cleburne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cleburne submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2018Property tax & assessments
Tax year 2018
Tax billed
$3,567
Tax year 2018
Assessed value
$337,018
Assessed 2023
Previous assessed
$337,018
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$45,832
Assessed improvement
$291,186
Land market value
$45,832
Improvement market value
$291,186
Total market value
$337,018
Applied tax rate
126.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1950
Heating
NONE
Total area
3,600 SF
Lot
0.19 ac (8,333 SF)
APN
126.2800.22350
UPID
US82-1832401
Jurisdiction
JOHNSON
Metro division
FORT WORTH-ARLINGTON, TX METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1950
Heating
NONE
Lot
0.19 ac
Current owner
From public records · entity-resolved
Joel W Victory III
Individual
Free & Clear · 4 yrs held
Mailing address
10105 TANTARRA DR, BURLESON, TX 76028-7857
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2023
—
Real T Investments LLC
—
Deed
related
$176,869 · Pinnacle Bank
Mar 6, 2023
—
Real T Investments LLC
—
Deed
related
$99,000 · Pinnacle Bank
Jun 14, 2022
—
Joel W Victory III
Joel W Victory IV
Deed
related
—
Oct 8, 2020
—
Joel Victory IV
—
Deed
related
—
Aug 27, 2020
—
Real T Investments Lcl
—
Deed
related
$80,000 · Cogent Bank
Jul 30, 2020
—
Real-t Invs LLC
Witherspoon Electric INC
Warranty Deed
—
Mar 19, 2018
—
Witherspoon Electric INC
—
Deed
related
$147,000 · Pinnacle Bk/quad Cities
—
—
Witherspoon Electric INC
—
Deed Of Trust
related
$475,000 · American National Bank Texas
—
—
Witherspoon Electric INC
—
Deed Of Trust
related
$147,000 · Pinnacle Bk/quad Cities
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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