Brick Strip Mall with Central
For Sale
$2,195,000
800 N Crowley Road, Crowley, TX 76036
CommercialSale, Crowley, TX
Property Size11,365 SF
Lot Size1.07 Acres
Price / SF$193.14
Days on Market48
Property Features for 800 N Crowley Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial
Subdivision
John H Lucas Surv Abs # 932
Directions
GPS
Standard status
Active
APN
03994112
Size
11,365 SF
Lot size
1.07 Acres
Taxes and HOA fees
Tax Description
LUCAS, JOHN H SURVEY ABSTRACT 932 TRACT 1D07A
Tax Annual Amount
39362
Legal Description
LUCAS, JOHN H SURVEY ABSTRACT 932 TRACT 1D07A
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1972
Floors in Building
1
Number of units
9
Building materials
Brick
Listing Agency:
Heather S Konopka
(817) 715-1932
Listed By:
Heather Konopka · License #0453672
(817) 354-7653
Added: Jul 29
Changed: Aug 20
Last Checked: Sep 14 at 3:06AM
MLS# 21332349
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 strip mall at 800 N Crowley Road in Crowley, Texas, contains 11,365 square feet on a 1.07-acre site. The property was built in 1972 and features brick construction, central heating, and central air conditioning. Public water and public sewer serve the property.
Its retail-oriented configuration and substantial site area provide a commercial setting for evaluating storefront, service, or other retail-focused occupancy, subject to applicable approvals. The property is located in Tarrant County within the 76036 postal area.
Its retail-oriented configuration and substantial site area provide a commercial setting for evaluating storefront, service, or other retail-focused occupancy, subject to applicable approvals. The property is located in Tarrant County within the 76036 postal area.
Key Highlights
- 11,365‑square‑foot strip mall on a 1.07‑acre site
- Brick construction completed in 1972
- Central heating and central air conditioning
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
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Current Use
Lease Details
Yes
Paved road access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 brick construction, central heating and cooling, and public water and sewer service.
Where is this strip mall located?
The property is located at 800 N 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 on a 1.07‑acre site; Brick construction completed in 1972; Central heating and central air conditioning
