Technical
Financial
Distress signals
Property profile

5700 Park Dr Watauga, TX 76148

OFF-MARKET
Medical Office Space
Property ID
US83-3995697
3,152 SF 0.67 ac lot Built 2020
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Physician
  • Medical Clinic

Location

5700 Park Dr Watauga, TX 76148-2404
Watauga metro Census 113803 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$385k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$385k

Owner & transaction history

since 2019
2 recorded transactions
2019
Price N/A
2004
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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