Professional Office
New
For Sale
$200,000
200 E Main Street, Crowley, TX 76036
CommercialSale, Crowley, TX
Property Size974 SF
Lot Size0.05 Acres
Price / SF$205.34
Days on Market1
Property Features for 200 E Main Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
commercial
Parking features
Open
Subdivision
Commerce Station Condo
Directions
On the corner of Main & N. Hampton St, in downtown Crowley
Standard status
Active
APN
05876613
Lot size
0.05 Acres
Taxes and HOA fees
Tax Description
COMMERCE STATION CONDOMINIUMS BLOCK A LOT 2 .
Tax Annual Amount
2203
Legal Description
COMMERCE STATION CONDOMINIUMS BLOCK A LOT 2 .
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1985
Floors in Building
1
Number of units
1
Flooring type
Carpet
Building materials
Brick
Roof type
Composition
Listing Agency:
Realty Of America, LLC
(512) 788-9495
Listed By:
Jonathan Cook · License #0634613
(817) 946-0336
Added: Sep 21
Last Checked: Sep 21 at 8:06PM
MLS# 21391832
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 974-square-foot office unit provides a practical professional layout with a welcoming entry foyer, reception area, and two separate private offices. Large windows bring natural light into both offices, while a dedicated breakroom includes a modern kitchenette suited for a coffee station, microwave, and compact refrigerator. The property also has a private half-bath for staff and visitors.
Located at 200 E Main Street in downtown Crowley, the property offers a brick exterior, carpeted floors, central heating and cooling, open parking, and public water and sewer service. Built in 1985, the building has a composition roof and electric utility systems.
Located at 200 E Main Street in downtown Crowley, the property offers a brick exterior, carpeted floors, central heating and cooling, open parking, and public water and sewer service. Built in 1985, the building has a composition roof and electric utility systems.
Key Highlights
- 974 square feet of professional office space
- Two private offices with large windows
- Front foyer and reception area
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
$16,831
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
8.42%
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%
$336,620
$336.6K
Cap Rate 7%
$240,443
$240.4K
Cap Rate 9%
$187,011
$187.0K
Market Conditions
NOI Build-Up for 974 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
$29.9K $30.72/SF
− Vacancy
−$7.5K −$7.68/SF
EGI
$22.4K $23.04/SF
− OpEx
−$5.6K −$5.76/SF
NOI
$16.8K $17.28/SF
Area
Tarrant County, TX
Vacancy
25.00%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
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%
$336,620
Cap Rate 7%
$240,443
Cap Rate 9%
$187,011
Alternative Uses
Best Use
Office B
$240.4K
$210.4K – $280.5K
NOI $16,831 @ 7.0% cap · market cap 8.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$342.6K
$299.8K – $399.7K
NOI $23,984 @ 7.0% cap · market cap 11.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
387
Businesses Nearby
Explore this area
Business Placement
Demographics for 76036, TX
31,589
Population
11,807
Households
2.7
Avg Household Size
36
Median Age
30%
College-Educated
92%
High-School Grad
44.1 sq mi
ZIP Area
716
Density / Sq Mi
$94,124
Median Household Income
$48,214
Median Earnings
$1,579
Median Rent
$288,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Two private offices, reception space, a kitchenette, and a dedicated half-bath support an efficient professional setting.
Where is this office units located?
The property is located at 200 E Main Street Crowley, TX.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 974 square feet of professional office space; Two private offices with large windows; Front foyer and reception area
