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1014 N Nolan River Rd 30,656 SF 12% Leased Office Building Cleburne, TX 76033 $2,050,000 ($66.87/SF) 7.50% Cap Rate
Investment Highlights
- Additional land for Redevelopment
- 10,000 Leased space with Nationwide tenant
- High traffic area in a rapidly growing community with over 1,200 new homes being built
Executive Summary
OPPORTUNITY ZONE!!! Investment / Owner-User Opportunity – 30,656 SF office/medical building on 12.34 acres in Cleburne, TX. Half of the building is income-producing with an existing tenant, while 13,500 SF is available for immediate occupancy or expansion. The site benefits from General Commercial zoning, proximity to the regional airport, and multiple housing developments driving demand. At a sale price of $3.9M ($127/SF), this offering is well below replacement cost and provides significant value-add potential through lease-up, medical conversion, or redevelopment. Acreage includes 4.4 acre corner lot and 5.99 acre lot both offer opportunity for future expansion or redevelopment. North building (Suite A) has 10,000 square feet and is currently leased and being used as a physical therapy facility. This is beneficial bringing great traffic count. The South building (Suite B) has over 11,000 square feet and was previously a fitness center. Four new 5-Ton HVAC have recently been installed. These buildings offer multiple office spaces along with plenty of storage and workspace.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Building Size
30,656 SF
Building Class
B
Year Built
1985
Price
$2,050,000
Price Per SF
$66.87
Cap Rate
7.50%
NOI
$153,750
Percent Leased
12%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
30,565 SF
Building FAR
0.06
Lot Size
12.34 AC
Opportunity Zone
Yes
Zoning
RC - Regional Commercial District (RC); LOCATED IN THE OPPORTUNITY ZONE
Amenities
- Fitness Center
- Signage
- Reception
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Health Care and Social Assistance
- -
- -
- -
Welcome to realPerformance Physical Therapy. We are here to assist you return to real performance and daily function. Whether your needs are basic daily living skills or being able to run a marathon we have the knowledge and tools to help you succeed. Our primary goal is to keep your musculoskeletal system healthy as you progress through the various stages and activities of life. Our therapist are specifically trained in SELECTIVE FUNCTIONAL MOVEMENT ASSESSMENT (SFMA). This total body assessment, is completed at the appropriate time in your rehabilitation process to detect any structures that may be ongoing contributing factors in your pain flare up.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Health Care and Social Assistance | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 1st Fl-Ste B
- 13,500 SF
- Office/Retail
- Full Build-Out
- Now
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste B | 13,500 SF | Office/Retail | Full Build-Out | Now |
1st Fl-Ste B
| Size |
| 13,500 SF |
| Space Use |
| Office/Retail |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1 1
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 126-2958-00010 | Improvements Assessment | $751,039 |
| Land Assessment | $168,202 | Total Assessment | $919,241 |
Property Taxes
Parcel Number
126-2958-00010
Land Assessment
$168,202
Improvements Assessment
$751,039
Total Assessment
$919,241
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