6001 Watauga Rd, Watauga, TX 76148
Retail space previously used as a loan services facility.
- Added:
- Jan 5, 2024
- Days on Market:
- 915
- Last Refresh:
- May 12 at 11:03 pm
Property Features for 6001 Watauga Rd
General Information
- Standard status
- Active
- Size
- 1,150 SF
- Property subtype
- Retail
Listing office Team & Vasseur (682) 429-7400
Listing date Jan 5, 2024
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 Team & Vasseur
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.
- Available for repurposing.
Overview
Local 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 |
Alternative Uses
Current Use by Public Records
Map
- City
- Watauga
- County
- Tarrant
- State
- Texas
- Longitude
- -97.2516
- Latitude
- 32.8687
