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    OFF-MARKET
    Office buildings

    5805 Starnes Rd, Watauga, TX 76148-1300

    2,400 SF 2.04 ac lot Built 2021
    Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US83-4047751
    Property summary
    AI-generated overview

    This exceptional 2,400 square foot commercial building sits on a desirable 2.04-acre lot in Watauga, Texas. Its prime location offers unparalleled visibility, enhanced by a beautiful monument sign and ample parking. The property features 15 front parking spaces (including 3 handicapped-accessible spaces) and approximately 60 additional spaces in the rear. The interior is meticulously designed, boasting a welcoming reception area, a large flexible space ideal for conferences or staff meetings, and custom cabinetry throughout. Durable stained concrete floors add to the building's aesthetic appeal. The property includes one full bathroom with a shower and closet, as well as a convenient guest/employee bathroom. A luxurious kitchen is equipped with granite countertops, a water filtration system, and a plumbed Keurig machine. Extensive storage is available, including a sizable attic accessible via an elevator and featuring reinforced shelving. The attic presents a significant opportunity for future expansion, potentially creating a second level. Two impressive executive offices each offer a private courtyard, and additional private office spaces are located near the executive offices' entrance. Approximately an additional acre of undeveloped land offers further expansion potential to meet future business needs. This property represents a unique opportunity to acquire a high-quality commercial building in a prime location. The asking price is $2,500,000.

    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Wetzel Consultants LLC · 6 yrs held
    Wetzel Consultants LLC
    since 2019
    7 recorded transactions
    2021
    2020
    2019
    2004
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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