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$460,000

920 E Katherine P Rains Rd, Cleburne, TX, 76031

$598,000 ARVInfo
Off MarketInfo
Baths1,904 Sq Ft
BusinessBusiness
price_per_sqft$106.09 / sqft
Year BuiltBuilt in 2002

Highlights

Interior

FlooringCarpet, Ceramic Tile

Exterior

Lot Size1 acre

Building Information

Year Built1990

Land Information

APN126.0566.00241
Land UseResidential
Legal DescriptionABST 566 TR 9B PT M A MC NEILL S# AH01998714A/B L# PFS0545123/4 ELECTED PERSONAL
Census Tract130900
Assessed Land Value$63,000
Assessed Improvement Value$44,828
Assessment Year2025

About this property

Unique property with road frontage on the access road for Katherine P Rains Road and on County Road 700. Katherine P Rains Road is a well traveled loop around Cleburne. This was once used as a golf range but could possibly be rezoned for storage buildings or industrial use. The property offers a metal building with rock accents and it has 2 half baths. The buidling has an open retail area approximately 58x18 and storage area that is not heated and cooled that is approximately 60x15 and a portion 21 feet deep. There are also storage buildngs on the property and a manufactured home that has not been given any value. A small portion on the Northeast corner of the property is located in the flood plain. This property has lots of potential and is an excellent location. The current zoning is Regional Commercial District.

Investor Tools

Property Icon
$202,000
Estimated Property Value
$0Estimated Mortgage Balance
$202,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$598,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,760 /month
Positive
Cash Flow Estimate:
$920 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$285/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,404
$107,828
2025
$63,000
$44,828
$107,828
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,404
$107,828

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$202,000
100%
0%
$0/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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