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

    1516 Hwy 1187 Crowley, TX 76036

    • Individual retail properties
    • 7,080 SF
    • 0.89 lot acres
    OFF-MARKET
    Last Sale
    Jul 09, 2021
    Value Estimations
    $260,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3782413
    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.

    Current Use by Public Records

    • Individual retail properties

    Property Details for 1516 Hwy 1187

    Year built
    1993
    Lot size
    0.89 lot acres
    Property size
    7,080 SF
    Property type
    Individual retail properties
    APN
    A 506-5A13B
    APU
    A5065A13B

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $229,000
      Market price range: $121k - $291k

    • Alternative Use

      Use
      Estimation
      GYM, HEALTH SPA
      $205,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $305,000
      Change: +48% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Crowley
    County
    Tarrant
    State
    Texas
    Longitude
    -97.3814
    Latitude
    32.5696
    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
    $16,926
    $28,979
    $894,954
    $923,933
    -
    $28,979
    $894,954
    $923,933

    Comparable in this City

    • Value Estimation
      $285,000
      3,200 SF

      1627 Crowley Rd

      GYM, HEALTH SPA • 3,200 SF
      1627 Crowley Rd, Crowley, TX 76036-3806
      View Details
    • Value Estimation
      $380,000
      4,576 SF

      505 Renfro St

      DRY CLEANER • 4,576 SF
      505 Renfro St, Crowley, TX 76036-3964
      View Details
    • Value Estimation
      $755,000
      24,139 SF

      320 Main St

      GYM, HEALTH SPA • 24,139 SF
      320 Main St, Crowley, TX 76036-2611
      View Details
    • Value Estimation
      $755,000
      22,283 SF

      320 Main St, Unit 2

      GYM, HEALTH SPA • 22,283 SF
      320 Main St, Crowley, TX 76036-2611
      View Details
    • Value Estimation
      $430,000
      12,080 SF

      1623 Crowley Rd Ste A

      RETAIL STORES (PERSONAL SERVICES) • 12,080 SF
      1623 Crowley Rd Ste A, Crowley, TX 76036-3803
      View Details
    • Value Estimation
      $515,000
      14,466 SF

      905 Crowley Rd

      DRUG STORE, PHARMACY • 14,466 SF
      905 Crowley Rd, Crowley, TX 76036
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.82 Acres

      Crowley, TX Commercial Land

      High-traffic commercial land, prime development.
      599 Rendon Crowley Rd, Crowley, TX 76036
      View Details
    • $675,000

      Renovated Commercial Property on 2 Acres

      Newly renovated 4,200 sq ft commercial property on 2 acres.
      10401 Fm 1902, Crowley, TX 76036
      View Details
    • Contact for pricing
      12.90 Acres

      Crowley, TX Commercial Land Tract

      12.9 Acres, Zoned GC, Highly Visible
      0 Nec & Sec Crowley Rd & Cres Spg, Crowley, TX 76036
      View Details
    • $6,500,000
      7,808 SF

      63-Acre Estate with French Manor

      Spacious estate with pond, manor, pool, barn, and more.
      3401 Fm 1187, Fort Worth, TX 76036
      View Details
    • Contact for pricing
      3.35 Acres

      Land and Storages For Lease

      Land with storage near Chisholm Trail, suitable for animals.
      3575 Bell Dr, Crowley, TX 76036
      View Details
    • $625,000
      1.87 Acres

      Crowley, TX Unimproved Land Available

      1.87 acre lot ready for new business near downtown Crowley.
      713 S Crowley Rd, Crowley, TX 76036
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,137 SF

      Available Retail, Restaurant, Office Space

      9,137 SF available for lease in Crowley, Texas.
      1013 Fm 1187, Crowley, TX 76036
      View Details
    • Contact for pricing
      90,675 SF

      Stone Gate Plaza Retail Space

      Crowley, TX Retail Space Available
      1004 Crowley Rd, Crowley, TX 76036
      View Details
    • Contact for pricing
      6,000 SF

      Crowley, TX Warehouse Space

      6,000 SF Warehouse/Retail in Crowley, TX
      1201 Fm 1187, Crowley, TX 76036
      View Details
    • $20 SF/Yr
      217,800 SF

      Retail Space in Crowley, TX

      Retail property available for lease in Crowley, Texas.
      3969 W Fm 1187, 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
    • $2,500 /Mo
      1,700 SF

      Updated Office and Warehouse Space

      Updated office and warehouse in the heart of Crowley, Texas.
      129 N Magnolia St, Crowley, TX 76036
      View Details
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    Crowley, TX 76036
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    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
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