Office Unit with Side
For Sale
Contact for pricing
787 Fm 1187 #C, Crowley, TX 76036
Side-entry office unit within a building constructed in 2006.
Property Size5,482 SF
Price / SF$0.00
Days on Market96
Property Features for 787 Fm 1187 #C
General Information
Standard status
Active
Size
5,482 SF
Property subtype
Office
Building Details
Year Built
2006
Listing Agency:
eXp Realty, LLC
(888) 519-7431
Listed By:
Stephanie Rich · License #702778
(817) 304-5939
Source:
Lonestarluxuryrealty
Added: Aug 1
Changed: Oct 29
Last Checked: Nov 3 at 7:35AM
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 eXp Realty, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Unit C offers 1,800 SF of office space within a 5,482 SF building, representing 34% of the overall structure. Access is provided from the building’s side entrance, and a layout for the space is available for review.
Constructed in 2006, the property provides a defined office unit for an owner-user or commercial occupant. Unit C is identified as an office unit within the building and is located at 787 FM 1187 in Crowley, Texas.
Constructed in 2006, the property provides a defined office unit for an owner-user or commercial occupant. Unit C is identified as an office unit within the building and is located at 787 FM 1187 in Crowley, Texas.
Key Highlights
- 1,800 SF office unit
- Unit C represents 34% of the building
- Side entrance provides access to the unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,729
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,894,580
$1.9M
Cap Rate 7%
$1,353,271
$1.4M
Cap Rate 9%
$1,052,544
$1.1M
Market Conditions
NOI Build-Up for 5,482 SF
Gross rent
$168.4K $30.72/SF
− Vacancy
−$42.1K −$7.68/SF
EGI
$126.3K $23.04/SF
− OpEx
−$31.6K −$5.76/SF
NOI
$94.7K $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 Rate 5%
$1,894,580
Cap Rate 7%
$1,353,271
Cap Rate 9%
$1,052,544
Alternative Uses
Best Use
Office B
$1.35M
$1.18M – $1.58M
NOI $94,729 @ 7.0% cap · market cap 451,090.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $134,989 @ 7.0% cap · market cap 642,804.76%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
366
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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Side-entry office unit within a building constructed in 2006.
Where is this office unit located?
The property is located at 787 Fm 1187 #C Crowley, TX.
What are key features of this property?
This property features: 1,800 SF office unit; Unit C represents 34% of the building; Side entrance provides access to the unit
