Flex Building With
For Sale
$239,000
312 S Hampton Rd, Crowley, TX 76036
Combined office and workshop space with dual bay-door access near Crowley City Hall.
Property Size1,200 SF
Price / SF$199.17
Days on Market37
Property Features for 312 S Hampton Rd
General Information
Standard status
Active
Size
1,200 SF
Building Details
Year Built
1973
Listing Agency:
Ready Real Estate LLC
(817) 569-8200
Listed By:
Joan Cunningham · License #0729716
Source:
Yourdavisteam
Added: Jul 25
Changed: Aug 30
Last Checked: Aug 30 at 8:54AM
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 Ready Real Estate LLC
Investment Insights
Based on property information with market context.
This 1,200-square-foot flex building, constructed in 1973, combines approximately 400 square feet of office space with approximately 800 square feet of workshop area. The workshop connects to the office and is served by two bay doors, creating a practical configuration for storage, fabrication, or service-oriented operations. The property is currently used for office and storage functions and has previously accommodated multiple small businesses.
Located just south of Crowley City Hall at 312 S Hampton Rd in Crowley, Texas, the building offers a compact commercial footprint with both finished office and functional work space. Its dual-access workshop layout provides direct movement between the office area and the larger work area.
Located just south of Crowley City Hall at 312 S Hampton Rd in Crowley, Texas, the building offers a compact commercial footprint with both finished office and functional work space. Its dual-access workshop layout provides direct movement between the office area and the larger work area.
Key Highlights
- 1,200 SF flex building constructed in 1973
- Approximately 400 SF of office space and 800 SF of workshop area
- Workshop includes access through 2 bay doors and from the office
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
$20,736
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
8.68%
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%
$414,720
$414.7K
Cap Rate 7%
$296,229
$296.2K
Cap Rate 9%
$230,400
$230.4K
Market Conditions
NOI Build-Up for 1,200 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
$36.9K $30.72/SF
− Vacancy
−$9.2K −$7.68/SF
EGI
$27.6K $23.04/SF
− OpEx
−$6.9K −$5.76/SF
NOI
$20.7K $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%
$414,720
Cap Rate 7%
$296,229
Cap Rate 9%
$230,400
Alternative Uses
Best Use
Office B
$296.2K
$259.2K – $345.6K
NOI $20,736 @ 7.0% cap · market cap 8.68%
Second Best
Flex RnD
$188.3K
$164.7K – $219.7K
NOI $13,179 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office A
$422.1K
$369.4K – $492.5K
NOI $29,549 @ 7.0% cap · market cap 12.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
467
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Combined office and workshop space with dual bay-door access near Crowley City Hall.
Where is this flex space located?
The property is located at 312 S Hampton Rd Crowley, TX.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: 1,200 SF flex building constructed in 1973; Approximately 400 SF of office space and 800 SF of workshop area; Workshop includes access through 2 bay doors and from the office
