Multi-Tenant Shopping
8247 Rufe Snow Drive, Watauga, TX 76148
For Sale
$3,495,000
Four of the center’s five suites are leased, with one suite available for lease or owner occupancy.
Property Size10,233 SF
Price / SF$341.54
Days on Market18
Property Features for 8247 Rufe Snow Drive
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Keller Williams Dallas Midtown
Listed By:
Bobby Wagner
(972) 765-5391
Source:
Hickeyrealestate
Added: Oct 21
Changed: Nov 7
Last Checked: Nov 7 at 1:36PM
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 Keller Williams Dallas Midtown
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2006, this 10,233-square-foot shopping center contains five suites. Four are leased to a dental office, restaurant, donut shop, and smoke shop; the remaining suite is available for lease or owner occupancy.
The property is on Rufe Snow Drive in Watauga, Texas, across from a David Weekley residential development. Roadside features include monument signage.
The property is on Rufe Snow Drive in Watauga, Texas, across from a David Weekley residential development. Roadside features include monument signage.
Key Highlights
- 10,233 SF shopping center built in 2006
- Four of five suites leased; one suite available for lease or owner occupancy
- Current tenants include a dental office, restaurant, donut shop, and smoke shop
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$169,851
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,397,020
$3.4M
Cap Rate 7%
$2,426,443
$2.4M
Cap Rate 9%
$1,887,233
$1.9M
Market Conditions
NOI Build-Up for 10,233 SF
Gross rent
$255.4K $24.96/SF
− Vacancy
−$12.8K −$1.25/SF
EGI
$242.6K $23.71/SF
− OpEx
−$72.8K −$7.11/SF
NOI
$169.9K $16.60/SF
Area
Tarrant County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,397,020
Cap Rate 7%
$2,426,443
Cap Rate 9%
$1,887,233
Alternative Uses
Best Use
Retail
$2.43M
$2.12M – $2.83M
NOI $169,851 @ 7.0% cap · market cap 4.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.60M
$3.15M – $4.20M
NOI $251,977 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
80%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
495
Businesses Nearby
Well-served
Demand for This Use
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
Properties on Market for Shopping centers in Tarrant County
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Shopping center - Four of the center’s five suites are leased, with one suite available for lease or owner occupancy.
Where is this shopping center located?
The property is located at 8247 Rufe Snow Drive Watauga, TX.
What is the asking price?
The asking price for this property is $3,495,000.
What are key features of this property?
This property features: 10,233 SF shopping center built in 2006; Four of five suites leased; one suite available for lease or owner occupancy; Current tenants include a dental office, restaurant, donut shop, and smoke shop
