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$449,500

217 N Ridgeway Drive, Cleburne, TX, 76033

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths3,060 Sq Ft
OfficeOffice
price_per_sqft$146.9 / sqft
Year BuiltBuilt in 2007

Highlights

Interior

Bathrooms 0Bathrooms 0
FlooringCeramic Tile, Wood

Exterior

Lot Size26,310 sqft

Building Information

Year Built2007

Land Information

APN126.2982.01010
Lot Number1
SubdivisionDotson Addition
Land UseCommercial
Legal DescriptionLOT 1 BLK 1 DOTSON ADDITION 126.5528.39500
Census Tract130302
Assessed Land Value$127,605
Assessed Improvement Value$409,819
Assessment Year2025

About this property

Office located in the center of Cleburne set up for two tenants or presently one tenant. Opportunity for occupancy at closing and funding on one side. Large conference room, and kitchen are shared by tenants. Each side has storage, reception areas, and two spacious offices, a bath on each side. The building was built in 2007 and the present owner is the original owner. The lease on the north side is in effect until June 2022 with a five-year option with favorable market pricing. Lots of wood finishes, new roof in 2020. Private entrances. Expenses on the present lease to follow.

Investor Tools

Property Icon
$537,424
Estimated Property Value
$0Estimated Mortgage Balance
$166,258Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,225 /month
Positive
Cash Flow Estimate:
$1,075 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,222/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,983
$537,424
2025
$127,605
$409,819
$537,424
No

Tax History

Year
Tax Paid
Assessed Value
2025
$11,983
$537,424

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Pinnacle Bank
Building Or Construction Loan
$413,600
No
First
Jan 29, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$371,166
$166,258
30%
69%
$2,480/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Cleburne

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217 N Ridgeway Drive | Property Details | No Agent List