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    Watauga Marketplace Retail and Office Title is generated by Realmo AI

    6601 & 6651 Watauga Rd, Watauga, TX 76148

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    For Lease
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    Renovated shopping center with retail, restaurant, and office spaces.

    Type:Retail, Office, Restaurant
    Property size:
    72,000 SF
    Added:
    Sep 15, 2022
    Days on Market:
    1340
    Last Refresh:
    Mar 17 at 1:18 pm

    Property Features for 6601 & 6651 Watauga Rd

    General Information

    Standard status
    Active
    Size
    72,000 SF
    Property subtype
    Retail, Office, Restaurant

    Spaces For Lease

    at 6601 & 6651 Watauga Rd Contact us

    6651 #107 $19/Mo

    Size
    1,815 SF
    Type
    Retail, Office
    currently Miss Mommy, available with approx. 30 Days Notice
    Contact us

    6601 #104 $19/Mo

    Size
    1,470 SF
    Type
    Retail, Office
    former Martial Arts studio
    Contact us

    6321-A $19/Mo

    Size
    2,335 SF
    Type
    Retail, Office
    Contact us

    6651 #115 $19/Mo

    Size
    1,015 SF
    Type
    Retail, Office
    former tax prep office
    Contact us

    6601 #118 $19/Mo

    Size
    1,040 SF
    Type
    Retail, Office
    former Nutritional Products of Texas
    Contact us

    6321-B (RESTAURANT) $19/Mo

    Size
    4,165 SF
    Type
    Retail, Restaurant
    2nd Generation Restaurant End-Cap with large Commercial Kitchen, formerly Campfire...
    show more
    Contact us

    6651 #114 $19/Mo

    Size
    963 SF
    Type
    Retail
    Contact us

    6651 #104 (MEDICAL OFFICE) $19/Mo

    Size
    1,900 SF
    Type
    Retail, Office
    2nd generation Medical Office
    Contact us

    6601 #130 $19/Mo

    Size
    3,280 SF
    Type
    Retail, Office
    Contact us

    6651 #105 $19/Mo

    Size
    2,800 SF
    Type
    Retail, Office, Restaurant
    Contact us

    6601 #100-102 $19/Mo

    Size
    3,614 SF
    Type
    Retail, Office
    former Crossfit Gym & Chiropractic Office
    Contact us
    Show more

    We can help!

    Listing Contact
    Shelby McMurtrey

    Listing agent Shelby McMurtrey License #0000

    Listing office Woodcrest Capital

    Listing date Sep 15, 2022

    Source Crexi

    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 Woodcrest Capital

    HighLights

    • High‑traffic location at the intersection of Rufe Snow Dr and Watauga Rd.
    • Recently renovated shopping center.
    • Diverse tenant mix including local restaurants, neighborhood service retailers, and national retailers.
    • Flexible lease terms available for various business types (retail, restaurants, offices, medical).
    • Introductory rates for as‑is leases.
    • State‑of‑the‑art programmable LED parking field lights for enhanced visibility.

    Overview

    Watauga Marketplace is a shopping center of approximately 72,000 square feet, located at the intersection of Rufe Snow Drive and Watauga Road. The center has been renovated and includes local restaurants, neighborhood service retailers, and national retailers. Situated 1 mile north of Loop 820, the property features state-of-the-art programmable LED parking field lights. Commercial suites are available for lease for traditional retail storefronts, restaurants, offices, medical, or other professional service providers. The location is in a rapidly growing area in the Dallas-Fort Worth metroplex. The property is suitable for first-time and franchise businesses, with leases and flexible terms available. The center is also suitable for national credit tenants. The property is owned and operated by a family-owned business with over 40 years of experience in commercial real estate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Similar Places Nearby

    • Coin Cloud Bitcoin ATM — 5401 Watauga Rd, Fort Worth, TX 76137
    • Coinstar Kiosk - Bitcoin ATM — 6249 Rufe Snow Dr Albertsons, Fort Worth, TX 76148
    • Romana Plaza — 6201 Denton Hwy, Haltom City, TX 76148
    • Regency Square Shopping Center — Watauga, TX 76148
    • Coin Cloud Bitcoin ATM — 6245 rufe snow dr, watauga, tx 76148

    Location Insight

    • Map
    • Local Demand
    City
    Watauga
    County
    Tarrant
    State
    Texas
    Longitude
    -97.2516
    Latitude
    32.8687

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      Watauga Marketplace Retail Space

      72,000 SF shopping center with excellent visibility and access.
      6601-6651 Watauga Rd, Watauga, TX
      View Details
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      Retail Space For Lease

      Retail space available in a prominent location with high visibility.
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      View Details
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      Office Space Available For Lease

      Office space for lease at 5700 N Park Dr, Watauga, TX.
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      View Details
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      Retail Space on Denton Highway

      Retail space with frontage on Denton Highway in Watauga, TX.
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      View Details
    • Contact for pricing

      Medical Building with Security System

      Equipped medical building with backup generator and security system.
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      View Details

    FAQs

    What type of property is this?
    Shopping center - Renovated shopping center with retail, restaurant, and office spaces.
    Where is this shopping center located?
    The property is located at 6601 & 6651 Watauga Rd Watauga, TX.
    What are key features of this property?
    This property features: High‑traffic location at the intersection of Rufe Snow Dr and Watauga Rd.; Recently renovated shopping center.; Diverse tenant mix including local restaurants, neighborhood service retailers, and national retailers.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Shelby McMurtrey
    Real Estate License ID: 0000
    Learn More
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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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