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Property profile & analytics
OFF-MARKET
Medical Office Space

5700 Park Dr Watauga, TX 76148-2404

3,152 SF 0.67 ac lot Built 2020
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US83-3995697
Property summary
AI-generated overview

This exceptional ±3,100 square foot standalone building, constructed in 2021, presents a unique opportunity for a single tenant seeking a prominent location in Watauga, Texas. Situated at 5700 N Park Dr, 76148, this property offers a versatile space ideal for retail or medical office use. The building's single-story design provides convenient access and ample space for various business needs. The property type is classified as both retail and office, with subtypes including medical office and traditional office, making it suitable for a wide range of potential occupants. The building's modern construction ensures efficiency and functionality, while its standalone nature provides excellent visibility and independent control. This ±3,100 square foot space is perfect for businesses seeking a high-profile location in a thriving community. The address is easily accessible, offering convenient access for both employees and clients. The single-tenancy aspect ensures privacy and control over the entire space. This property represents a rare opportunity to secure a well-appointed, modern building in a desirable location. Its versatility and prime location make it an attractive option for businesses seeking to establish or expand their presence in the Watauga market. Don't miss this chance to own a highly sought-after commercial property.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2020
Total area 3,152 SF
Lot 0.67 ac (29,329 SF)
APN 45137-1-6R1
UPID US83-3995697
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
North Park Dr Re Holdings LLC · 7 yrs held
North Park Dr Re Holdings LLC
since 2019
2 recorded transactions
2019
Price N/A
2004
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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