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    6600 Bursey Rd Watauga, TX 76148
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    6600 Bursey Rd Watauga, TX 76148

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    • Retail properties & Spaces
    • 9,227 SF
    • 1.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

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

    Property Details for 6600 Bursey Rd

    Lot size
    1.00 lot acres
    Property size
    9,227 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail property in Watauga, Texas, presents a unique investment or lease opportunity. Situated on a one-acre lot at 6600 Bursey Rd, 76148, this former Dollar General boasts a high-quality building with significant expansion potential. Currently 9,227 square feet, the building can be expanded to approximately 12,000 square feet, catering to a variety of retail uses. Its strategic location on the border of Watauga and Keller offers unparalleled visibility and accessibility. The property benefits from its proximity to a high-performing Walmart Neighborhood Market and the 97-lot Bursey Hill Estates residential development on Rufe Snow Drive, ensuring a consistent flow of potential customers. Ample parking is provided with 40 dedicated spaces. This property is available for both sale and lease, making it an ideal choice for investors and retailers seeking a prime location with strong growth potential in a thriving community within Tarrant County. The property's existing infrastructure and convenient location make it an attractive option for businesses looking to establish or expand their presence in this dynamic market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Watauga
    County
    Tarrant
    State
    Texas
    Longitude
    -97.2397
    Latitude
    32.892

    Comparable in this City

    • Value Estimation by Request
      12,000 SF

      6600 Bursey Rd

      Retail properties & Spaces • 12,000 SF
      6600 Bursey Rd, Watauga, TX 76148
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      10,500 SF

      6101 Watauga Rd

      Retail properties & Spaces • 10,500 SF
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      16,798 SF

      6400-6430 Rufe Snow Dr

      Neighborhood centers • 16,798 SF
      6400-6430 Rufe Snow Dr, Fort Worth, TX 76148
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    • Value Estimation by Request
      99,084 SF

      6238 Rufe Snow Dr

      Restaurants • 99,084 SF
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    • Value Estimation
      $965,000
      6,885 SF

      6300 Denton Hwy

      RETAIL STORES (PERSONAL SERVICES) • 6,885 SF
      6300 Denton Hwy, Watauga, TX 76148-2503
      View Details
    • Value Estimation
      $975,000
      15,022 SF

      6984 Rufe Snow Dr

      DRUG STORE, PHARMACY • 15,022 SF
      6984 Rufe Snow Dr, North Richland Hills, TX 76148-2356
      View Details

    Similar Nearby for Sale

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      Retail Space Near Residential Development

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    Similar Nearby for Lease

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      Retail/Restaurant Space Available

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      Retail Space in Watauga, TX

      Retail space with high visibility and traffic count.
      6101 Watauga Rd, Watauga, TX 76148
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      North Richland Hills Shopping Center

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      2,500 SF

      Retail Space in Anchored Center

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    Watauga, TX 76148
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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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    6600 Bursey Rd, Watauga, TX, 76148
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