Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5900 Hightower Dr Watauga, TX 76148

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $295,000

    Prime 0.76-acre lot, ideal for development. High traffic, shovel-ready.

    Property Features for 5900 Hightower Dr

    General Information

    Property type
    Other commercial real estate
    Lot Size
    33,106 SF

    We can help!

    Listing Contact
    James Glynn

    Listing Agency: JG Real Estate, LLC Listing Agent: James Glynn

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 0.76-acre commercial lot at 5900 Hightower Drive in Watauga, Texas presents a unique investment opportunity. Situated on a hard corner with signal lights, this property boasts excellent visibility and accessibility, making it highly attractive for a variety of commercial ventures. The location is surrounded by a dense residential area and a new subdivision, ensuring a strong customer base. All essential utilities, including sewer and water, are readily available. The lot has already been platted and is completely shovel-ready, minimizing development time and costs. Currently zoned for local business use, the property offers significant potential for rezoning. The city is open to considering rezoning applications for residential uses such as townhomes, multi-family dwellings, or mixed-use developments incorporating retail space on the ground floor and residential condos above. Prospective buyers are encouraged to contact the city directly to discuss specific project proposals and rezoning possibilities. This prime location, coupled with its readily available infrastructure and development-ready status, makes this a truly exceptional opportunity for investors seeking a high-impact commercial property in a thriving residential community. The asking price is $295,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Watauga
    County
    Tarrant
    State
    Texas
    Longitude
    -97.25465
    Latitude
    32.87375

    Nearby Similar for Sale

    • Contact for pricing
      664 SF

      Corporate Net Lease Investment Opportunity

      Corporate net lease with rent increases on a 0.51-acre site.
      5955 Rufe Snow Dr, Watauga, TX
      View Details
    • $395,000
      1,150 SF

      Retail Property on Watauga Road

      Retail space available for sale or lease in Watauga, Texas.
      6001 Watauga Rd, Watauga, TX
      View Details
    • $975,000
      3,982 SF

      Prime Watauga Retail Space

      High-traffic location, spacious retail building.
      6709 Rufe Snow Dr, Watauga, TX 76148
      View Details
    • $2,500,000
      2,400 SF

      Prime Watauga Commercial Property

      2-Acre Lot, Stunning Building, High Visibility
      5805 Starnes Rd, Watauga, TX 76148
      View Details
    • Contact for pricing
      9,227 SF

      Prime Watauga Retail Opportunity

      Former Dollar General, High-Traffic Location
      6600 Bursey Rd, Watauga, TX 76148
      View Details
    • $395,000
      1,150 SF

      Prime Watauga Retail Opportunity

      Former Sonic, 1,150 SF, $395,000
      6001 Watauga Rd, Watauga, TX 76148
      View Details
    • $9,838,712
      61,110 SF

      Watauga Fitness Center Investment

      High-yield NNN lease, strong tenant.
      8428 Denton Hwy, Watauga, TX 76148
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prime 0.76-acre lot, ideal for development. High traffic, shovel-ready.
    Where is this commercial real estate located?
    The property is located at 5900 Hightower Dr Watauga, TX.
    What is the asking price?
    The asking price for this property is $295,000.
    Request Owner's contact information
    5900 Hightower Dr Watauga, TX 76148
    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.
    5900 Hightower Dr
    Watauga, TX 76148
    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
    5900 Hightower Dr Watauga, TX 76148
    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

    We can help!
    Listing Contact
    James Glynn
    Learn more
    Google sign-in failed. Please try again or use another login method.