Commercial
New
For Sale
$1,033,000
12501 Fm 2331, Godley, TX 76044
Commercial land with residential, commercial, and agricultural zoning designations.
Property Size2,430 SF
Days on Market4
Property Features for 12501 Fm 2331
General Information
Standard status
Active
Size
2,430 SF
Zoning
Residential, Commercial, Agriculture
Taxes and HOA fees
Annual Taxes
$3,318
Amenities
Ceiling Fan(s), Central Air
Central
Additional Parking, Asphalt, Driveway, Enclosed, Garage, RV Access/Parking
Building Details
Building Size
2,430 SF
Year Built
1980
Stories
1
Listing Agency:
Compass RE Texas, LCC
(817) 694-1256
Listed By:
Darlene Dale · License #0647783
(817) 694-1256
Source:
Evrealestate
Added: Aug 8
Changed: Aug 10
Last Checked: Aug 11 at 7:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass RE Texas, LCC
Investment Insights
Based on property information with market context.
This commercial land parcel carries Residential, Commercial, and Agriculture zoning designations. Property features include central air, ceiling fans, an enclosed garage, asphalt improvements, driveway access, additional parking, and RV parking access. The improvements date to 1980.
The property is located at 12501 FM 2331 in Godley, Johnson County. From Godley, travel on 171 and continue approximately 2.7 miles on FM 2331; the property is on the right.
The property is located at 12501 FM 2331 in Godley, Johnson County. From Godley, travel on 171 and continue approximately 2.7 miles on FM 2331; the property is on the right.
Key Highlights
- Residential, Commercial, and Agriculture zoning designations
- Located at 12501 FM 2331, Godley, TX 76044
- Approximately 2.7 miles from Godley on FM 2331
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,334
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$806,680
$806.7K
Cap Rate 7%
$576,200
$576.2K
Cap Rate 9%
$448,156
$448.2K
Market Conditions
NOI Build-Up for 2,430 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$60.7K $24.96/SF
− Vacancy
−$3.0K −$1.25/SF
EGI
$57.6K $23.71/SF
− OpEx
−$17.3K −$7.11/SF
NOI
$40.3K $16.60/SF
Area
Johnson County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$806,680
Cap Rate 7%
$576,200
Cap Rate 9%
$448,156
Alternative Uses
Best Use
Retail
$576.2K
$504.2K – $672.2K
NOI $40,334 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$29.13M
$25.49M – $33.98M
NOI $2,038,929 @ 7.0% cap · market cap 197.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Explore this area
Business Placement
Demographics for 76044, TX
5,715
Population
3,127
Households
1.8
Avg Household Size
36
Median Age
26%
College-Educated
95%
High-School Grad
108.3 sq mi
ZIP Area
53
Density / Sq Mi
$103,795
Median Household Income
$56,411
Median Earnings
$1,227
Median Rent
$370,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Commercial land with residential, commercial, and agricultural zoning designations.
Where is this commercial land located?
The property is located at 12501 Fm 2331 Godley, TX.
What is the asking price?
The asking price for this property is $1,033,000.
What are key features of this property?
This property features: Residential, Commercial, and Agriculture zoning designations; Located at 12501 FM 2331, Godley, TX 76044; Approximately 2.7 miles from Godley on FM 2331
