1201 Fm 1187Crowley, TX 76036

Property Details for 1201 Fm 1187

Year built

2013

Lot size

4.13 AC

Property size (Sq ft)

24,400 SF

Property type

Strip malls

Property subtype

Neighborhood 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.

• CAP approach

  CAP return

  Valuation

  6%

  $7,243,144

  6.5%

  $6,685,979

  7%

  $6,208,409

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,776,546

  Geo Method

  $18,408,892

• Alternative Use

  Use

  Valuation

  Residential

  $5,639,874

  Hospitality

  $5,166,094

  Educational

  $4,298,130

  Medical

  $4,445,948

  Retail

  $6,685,979

Location Insight

City

Crowley

County

Tarrant

State

Texas

Latitude

32.575

Longitude

-97.3395

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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