Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1201 Fm 1187 Crowley, TX 76036

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1201 Fm 1187 Crowley, TX 76036

    View on Map
    • Strip malls
    • 24,400 SF
    • 4.13 lot acres
    For Lease
    View Listing →
    Crowley Retail Build-to-Suit For Lease
    Contact for pricing

    Crowley Retail Build-to-Suit

    Prime 1-acre lot, high visibility.

    1201 Fm 1187, Crowley, TX 76036
    View Listing
    Property ID
    US82-3423909
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Nail Studio Spa / Nail Salon
    • Skillman Wok / Restaurant
    • Dollar Tree / Discount Store
    • Today Dental of Crowley / Dental Office
    • Metro by T-Mobile / Mobile Phone Store / Electronics & Wireless Store

    Property Details for 1201 Fm 1187

    Year built
    2013
    Lot size
    4.13 lot acres
    Property size
    24,400 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    44955C-A-5R
    APU
    44955CA5R

    Description

    This Class A, 6,000 square foot commercial property in Crowley, Texas, offers a unique investment opportunity. Located at 1201 FM 1187 in Tarrant County, this multi-tenant building is currently fully vacant and available for lease. The space is divisible, with a minimum leasable area of 2,500 square feet and a maximum contiguous space of 6,000 square feet, providing flexibility for various business needs. The property is zoned for commercial and retail use, making it ideal for a wide range of businesses. Situated on a one-acre lot within a Walmart parking lot, this location boasts exceptional visibility and high traffic volume, with an estimated 33,000 vehicles passing daily. The property's strategic location ensures high foot traffic and convenient access for customers. The building's design allows for the potential development of drive-through facilities up to 2,500 square feet. Lease terms are negotiable and will be tailored to meet the specific requirements of the tenant. This prime location presents a significant opportunity for businesses seeking high visibility and accessibility in a thriving retail environment. The asking price is determined based on build-out requirements.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,045,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Crowley
    County
    Tarrant
    State
    Texas
    Longitude
    -97.3395
    Latitude
    32.575
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $171,810
    $1,258,404
    $6,041,596
    $7,300,000
    -
    $1,258,404
    $6,041,596
    $7,300,000

    Comparable in this City

    • Value Estimation by Request
      11,115 SF

      800 Crowley Rd

      SHOPPING CENTER, STRIP CENTER • 11,115 SF
      800 Crowley Rd, Crowley, TX 76036-3736
      View Details
    • Value Estimation by Request
      5,256 SF

      1012 Crowley Rd

      SHOPPING CENTER, STRIP CENTER • 5,256 SF
      1012 Crowley Rd, Crowley, TX 76036-3664
      View Details
    • Value Estimation
      $840,000
      26,880 SF

      740 Crowley Rd

      SHOPPING CENTER, STRIP CENTER • 26,880 SF
      740 Crowley Rd, Crowley, TX 76036-4354
      View Details
    • Value Estimation
      $575,000
      20,010 SF

      2204 Cleburne Crowley Rd

      SHOPPING CENTER, STRIP CENTER • 20,010 SF
      2204 Cleburne Crowley Rd, Crowley, TX 76036
      View Details
    • Value Estimation by Request
      2.83 Acres

      880 Crowley Rd

      SHOPPING CENTER, STRIP CENTER • 2.83 Acres
      880 Crowley Rd, Crowley, TX 76036-3662
      View Details
    • Value Estimation by Request
      7,000 SF

      412 Fm 1187th E

      SHOPPING CENTER, STRIP CENTER • 7,000 SF
      412 Fm 1187th E, Crowley, TX 76036-4302
      View Details

    Similar Nearby for Sale

    • $300,000
      1,700 SF

      Updated Commercial Space in Crowley

      Updated commercial space in growing downtown Crowley, suitable for various businesses.
      129 N Magnolia St, Crowley, TX 76036
      View Details
    • Contact for pricing
      1,700 SF

      Updated Commercial Space in Crowley

      Updated commercial space in the heart of Crowley, Texas.
      129 N Magnolia St, Crowley, TX 76036
      View Details
    • $300,000
      0.07 Acres

      Updated Flex Space in Crowley

      Updated flex space in the heart of Crowley, Texas.
      129 N Magnolia St, Crowley, TX 76036
      View Details
    • $499,000
      0.30 Acres

      Versatile Metal Building in Crowley

      Functional, high-visibility space in downtown Crowley, currently an automotive repair.
      203 N Hampton Rd, Crowley, TX 76036
      View Details
    • Contact for pricing
      2,865 SF

      Downtown Crowley Automotive Repair Facility

      Versatile metal building in downtown Crowley, ideal for automotive use.
      203 N Hampton Rd, Crowley, TX 76036
      View Details
    • $320,000
      4.07 Acres

      4.07 Acres in Chriswood HOA

      Two adjacent lots in Crowley, TX with pond.
      3322 Mariposa Rdg, Crowley, TX 76036
      View Details

    Similar Nearby for Lease

    • $2,100 /Mo
      1,700 SF

      Updated Office and Warehouse Space

      Updated office and warehouse space in the heart of Crowley.
      129 N Magnolia St, Crowley, TX 76036
      View Details
    • Contact for pricing
      9,187 SF

      Available Retail, Restaurant, Office Space

      9,137 SF available for lease in Crowley, Texas.
      1013 Fm 1187, Crowley, TX 76036
      View Details
    • $3,000 /Mo
      13,068 SF

      Versatile Metal Building in Crowley

      Functional space in downtown Crowley, ideal for various business ventures.
      203 N Hampton Rd, Crowley, TX 76036
      View Details
    • Contact for pricing
      45,738 SF

      Crowley Retail Build-to-Suit

      Prime 1-acre lot, high visibility.
      1201 Fm 1187, Crowley, TX 76036
      View Details
    • $1,500 /Mo
      40,916 SF

      Industrial Space with Office - Crowley

      Industrial space with office area available for lease in Crowley.
      10132 Crowley Rd N, Crowley, TX 76036
      View Details
    • $2,000 /Mo
      10,890 SF

      High Visibility Land in Crowley

      Land with high visibility, office, and service building available for lease.
      1810 Fm 1187, Crowley, TX 76036
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1201 Fm 1187
    Crowley, TX 76036
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!