Strip Mall with
For Sale
$2,195,000
800 Crowley Road, Crowley, TX 76036
Retail property with on-site parking and frontage along a well-traveled commercial corridor.
Property Size11,365 SF
Price / SF$193.14
Days on Market29
Property Features for 800 Crowley Road
General Information
Standard status
Active
Size
11,365 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$39,362
Amenities
A/C - Other
Building Details
Year Built
1972
Listing Agency:
Heather S Konopka
(817) 715-1932
Listed By:
Heather Konopka · License #0453672
(817) 715-1932
Source:
Xome
Added: Aug 1
Changed: Aug 28
Last Checked: Aug 29 at 7:18AM
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 Heather S Konopka
Investment Insights
Based on property information with market context.
This strip mall at 800 N Crowley Rd in Crowley, Texas, contains 11,365 square feet and was built in 1972. The property includes on-site parking and frontage along a well-traveled corridor, supporting access for retail-oriented operations.
The site connects to major thoroughfares and is situated near retail, residential neighborhoods, and business hubs in the Crowley area. Its location also places it within a market described as experiencing ongoing growth and development.
The site connects to major thoroughfares and is situated near retail, residential neighborhoods, and business hubs in the Crowley area. Its location also places it within a market described as experiencing ongoing growth and development.
Key Highlights
- 11,365‑square‑foot strip mall at 800 N Crowley Rd
- Built in 1972
- On‑site parking included
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
$188,641
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
8.59%
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%
$3,772,820
$3.8M
Cap Rate 7%
$2,694,871
$2.7M
Cap Rate 9%
$2,096,011
$2.1M
Market Conditions
NOI Build-Up for 11,365 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
$283.7K $24.96/SF
− Vacancy
−$14.2K −$1.25/SF
EGI
$269.5K $23.71/SF
− OpEx
−$80.8K −$7.11/SF
NOI
$188.6K $16.60/SF
Area
Tarrant 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%
$3,772,820
Cap Rate 7%
$2,694,871
Cap Rate 9%
$2,096,011
Alternative Uses
Best Use
Retail
$2.69M
$2.36M – $3.14M
NOI $188,641 @ 7.0% cap · market cap 8.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.00M
$3.50M – $4.66M
NOI $279,852 @ 7.0% cap · market cap 12.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
115
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Retail property with on-site parking and frontage along a well-traveled commercial corridor.
Where is this strip mall located?
The property is located at 800 Crowley Road Crowley, TX.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: 11,365‑square‑foot strip mall at 800 N Crowley Rd; Built in 1972; On‑site parking included
