Property profile

5805 Starnes Rd Watauga, TX 76148

FOR SALE
Office buildings
Property ID
US83-4047751
2,400 SF 2.04 ac lot Built 2021
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

An office building in Watauga, Texas, set on a site of over 2 acres with frontage that supports high visibility and a monument sign. On-site parking includes 15 front spaces with 3 designated handicapped spaces, plus approximately 60 additional spaces at the rear; an additional acre of land is present adjacent to the main site and is not currently in use. The interior includes a reception area, a large flexible area suited for conferences and staff meetings, built-in custom cabinetry, and stained concrete flooring. The layout includes one full bath with a shower and closet, and a separate guest/employee bath, along with a kitchen featuring granite counters, a water filtration system, and a plumbed Keurig machine. Storage features include an attic, an attic elevator, and reinforced shelving, with the attic configured to allow potential finish-out for a second level. Two executive offices open to a private courtyard, with additional private office spaces located near the entrance to the executive offices.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2021
Total area 2,400 SF
Lot 2.04 ac (88,645 SF)
APN 45137-1-4
UPID US83-4047751

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
  • Freight Service Logistics Company

Location

5805 Starnes Rd Watauga, TX 76148
Watauga metro Census 113803 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$365k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$355k

Owner & transaction history

since 2019
7 recorded transactions
2021
Price N/A
2020
Price N/A
2019
Price N/A
2004
Price N/A
1969
Price N/A
1969
Price N/A
1969
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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message