Former Sonic Retail
For Sale
Contact for pricing
6001 Watauga Rd, Watauga, TX 76148
Retail space previously used as a loan services facility.
Property Size1,150 SF
Price / SF$256.52
Days on Market939
Property Features for 6001 Watauga Rd
General Information
Standard status
Active
Size
1,150 SF
Property subtype
Retail
Listing Agency:
Team & Vasseur
(682) 429-7400
Listed By:
Nathan Vasseur · License #TX
Source:
Crexi
Added: Jan 5, 2024
Changed: Jul 6
Last Checked: Jul 31 at 11:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Team & Vasseur
Investment Insights
Based on property information with market context.
This property, formerly a Sonic restaurant, was most recently utilized as a Texas Car Title and Payday loan services facility. The building offers 1150 square feet of retail space.
Key Highlights
- Former commercial space, previously a Texas Car Title and Payday loan services facility.
- Also formerly an Old Sonic building.
- Commercial property with existing structure.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.7k | $24.96 |
| − Vacancy | −$1.4k | −$1.25 |
| EGI | $27.3k | $23.71 |
| − OpEx | −$8.2k | −$7.11 |
| NOI | $19.1k | $16.60 |
1,150 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$272.7K
$238.6K – $318.1K
NOI $19,088 @ 7.0% cap · market cap 6.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$404.5K
$354.0K – $472.0K
NOI $28,318 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
444
Businesses Nearby
Explore this area
Business Placement
Demographics for 76148, TX
23,587
Population
8,481
Households
2.8
Avg Household Size
37
Median Age
24%
College-Educated
89%
High-School Grad
4.7 sq mi
ZIP Area
5,019
Density / Sq Mi
$90,614
Median Household Income
$42,762
Median Earnings
$1,824
Median Rent
$227,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space previously used as a loan services facility.
Where is this retail space located?
The property is located at 6001 Watauga Rd Watauga, TX.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Former commercial space, previously a Texas Car Title and Payday loan services facility.; Also formerly an Old Sonic building.; Commercial property with existing structure.
