Flex Building with
For Sale
$238,999
312 S Hampton Road, Crowley, TX 76036
CommercialSale, Crowley, TX
Property Size1,200 SF
Lot Size0.12 Acres
Price / SF$199.17
Days on Market58
Property Features for 312 S Hampton Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Garage
Subdivision
FRYEAR, A B SURVEY
Directions
From I35, exit FM 1187 and go west. South on S Hampton and property is on the right.
Standard status
Active
APN
03889114
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
FRYEAR, A B SURVEY ABSTRACT 535 TRACT 1D
Tax Annual Amount
1958
Legal Description
FRYEAR, A B SURVEY ABSTRACT 535 TRACT 1D
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric
Water source
Public
Building Details
Year built
1973
Floors in Building
1
Number of units
1
Flooring type
Vinyl, Concrete
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
Ready Real Estate LLC
(817) 569-8200
Listed By:
Joan Cunningham · License #0729716
(866) 557-3239
Added: Jul 3
Changed: Aug 19
Last Checked: Aug 29 at 8:06PM
MLS# 21215023
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 1,200-square-foot flex building provides a practical combination of finished office space and workshop area. Approximately 400 square feet is configured for office use, while roughly 800 square feet supports workshop or storage functions. The work area has access through two bay doors and an interior connection to the office. The property is currently used for office and storage purposes and has accommodated multiple small businesses in the past.
Built in 1973, the building features metal siding, a metal roof, vinyl and concrete flooring, electric heating and cooling, garage parking, and public water and sewer service. The 0.115-acre site is positioned just south of Crowley City Hall.
Built in 1973, the building features metal siding, a metal roof, vinyl and concrete flooring, electric heating and cooling, garage parking, and public water and sewer service. The 0.115-acre site is positioned just south of Crowley City Hall.
Key Highlights
- 1200 square foot building with approximately 400 sq feet of office space and 800 sq feet of workshop
- Workshop access through 2 bay doors plus interior office connection
- 0.115‑acre site just south of Crowley city hall
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Metal-sided commercial property with separate office and work areas for adaptable business operations.
Where is this flex space located?
The property is located at 312 S Hampton Road Crowley, TX.
What is the asking price?
The asking price for this property is $238,999.
What are key features of this property?
This property features: 1200 square foot building with approximately 400 sq feet of office space and 800 sq feet of workshop; Workshop access through 2 bay doors plus interior office connection; 0.115‑acre site just south of Crowley city hall
