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    Property profile & analytics

    5613 Shipp Dr Watauga, TX 76148-3473

    • Retail space
    • 2,400 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimation
    $365,000
    Last Sale
    Jan 12, 2023
    Location Intelligence
    Property ID
    US82-2697741
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 5613 Shipp Dr

    Year built
    1967
    Lot size
    0.20 lot acres
    Property size
    2,400 SF
    Property type
    Retail space
    APN
    4080-1-B3
    APU
    40801B3

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Watauga
    County
    Tarrant
    State
    Texas
    Longitude
    -97.2632
    Latitude
    32.8539
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,950
    $35,000
    $316,432
    $351,432
    -
    $35,000
    $316,432
    $351,432

    Comparable in this City

    • Value Estimation by Request
      6,885 SF

      6300 Denton Hwy

      RETAIL STORES (PERSONAL SERVICES) • 6,885 SF
      6300 Denton Hwy, Watauga, TX 76148-2503
      View Details
    • Value Estimation by Request
      7,332 SF

      6040 Rufe Snow Dr

      RETAIL STORES (PERSONAL SERVICES) • 7,332 SF
      6040 Rufe Snow Dr, Fort Worth, TX 76148-3665
      View Details
    • Value Estimation by Request
      9,372 SF

      6550 Bursey Rd

      RETAIL STORES (PERSONAL SERVICES) • 9,372 SF
      6550 Bursey Rd, Watauga, TX 76148
      View Details
    • Value Estimation by Request
      7,800 SF

      5823 Denton Hwy

      RETAIL STORES (PERSONAL SERVICES) • 7,800 SF
      5823 Denton Hwy, Haltom City, TX 76148-3758
      View Details
    • Value Estimation
      $370,000
      3,081 SF

      6013 Watauga Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,081 SF
      6013 Watauga Rd, Watauga, TX 76148-3147
      View Details
    • Value Estimation
      $395,000
      1,192 SF

      5725 Watauga Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,192 SF
      5725 Watauga Rd, Watauga, TX 76148-3068
      View Details

    Similar Nearby for Sale

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      Watauga Road Retail Opportunity

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      9,227 SF

      Prime Watauga Retail Opportunity

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      6600 Bursey Rd, Watauga, TX 76148
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    • $600,000
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      Watauga Retail Property on Watauga

      Highly visible commercial property with potential for business growth.
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      Prime Watauga Retail Opportunity

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    Similar Nearby for Lease

    • $13 SF/Yr
      6,500 SF

      Retail Space on Rufe Snow

      Freestanding retail building in high-traffic North Richland Hills location.
      6976 Rufe Snow Dr, North Richland Hills, TX 76148
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    • $2,990 /Mo
      11,587 SF

      Watauga Retail with Drive-Thru

      Retail space with drive-thru, excellent location on Denton Hwy.
      6204 Denton Hwy, Fort Worth, TX 76148
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space in Anchored Center

      Retail space available in a Big Lots anchored shopping center.
      6312-6723 Rufe Snow Dr, North Richland Hills, TX 76148
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    • $2,999 /Mo

      Retail Space with Drive-Thru

      Excellent location suitable for various business options.
      6204 Denton Dr, Watauga, TX 76148
      View Details
    • $2,990 /Mo
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      Watauga Retail/Office Space Available

      Versatile space suitable for office, restaurant, or retail use.
      6204 Denton Dr, Watauga, TX 76148
      View Details
    • Contact for pricing
      9,694 SF

      Rufe Snow Dr Retail Space

      Prime Retail Space, 1,342 sq ft available.
      8247 Rufe Snow Dr, Watauga, TX 76148
      View Details
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    5613 Shipp Dr
    Watauga, TX 76148-3473
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    Realmo Value Estimation

    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.

    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.

    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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