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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5805 Starnes Rd Fort Worth, TX 76148

    • Office buildings
    • 2,400 SF
    • 2.04 lot acres
    For Sale
    View listing
    $1,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-4047751
    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

    • Smiley Transportation Corp / Transportation Service / School Bus Service

    Property Details for 5805 Starnes Rd

    Year built
    2021
    Lot size
    2.04 lot acres
    Property size
    2,400 SF
    Property type
    Office buildings
    APN
    45137-1-4
    APU
    4513714

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $365,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $350,000
      Market price range: $101k - $351k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $220,000
      Current use
      COMMERCIAL (GENERAL)
      $360,000
      Change: +65% Conversion: Easy
      AUTO REPAIR, GARAGE
      $220,000
      Change: +1% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Watauga
    County
    Tarrant
    State
    Texas
    Longitude
    -97.258
    Latitude
    32.8828
    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
    $16,299
    $366,007
    $388,971
    $754,978
    -
    $366,007
    $388,971
    $754,978

    Comparable in this City

    • Value Estimation
      $300,000
      0.32 Acres

      5806 Watauga Rd

      OFFICE BUILDING • 0.32 Acres
      5806 Watauga Rd, Watauga, TX 76148-3069
      View Details
    • Value Estimation
      $315,000
      1,150 SF

      6001 Watauga Rd

      OFFICE BUILDING • 1,150 SF
      6001 Watauga Rd, Watauga, TX 76148-3147
      View Details
    • Value Estimation
      $340,000
      5,315 SF

      8313 Whitley Rd

      OFFICE BUILDING • 5,315 SF
      8313 Whitley Rd, Watauga, TX 76148-2483
      View Details
    • Value Estimation
      $450,000
      3,636 SF

      5802 Watauga Rd

      OFFICE BUILDING • 3,636 SF
      5802 Watauga Rd, Watauga, TX 76148-3069
      View Details
    • Value Estimation
      $390,000
      5,500 SF

      5517 Denton Hwy

      OFFICE BUILDING • 5,500 SF
      5517 Denton Hwy, Haltom City, TX 76148-3923
      View Details
    • Value Estimation
      $300,000
      0.44 Acres

      5804 Watauga Rd

      OFFICE BUILDING • 0.44 Acres
      5804 Watauga Rd, Watauga, TX 76148-3069
      View Details

    Similar Nearby for Sale

    • $1,500,000
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      Watauga Commercial Property on Two Acres

      High-visibility commercial building on over two acres in Watauga.
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      Watauga Road Unimproved Land For Sale

      1.44 acre commercial land with utilities available in Watauga, TX.
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    Similar Nearby for Lease

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      Prime Tarrant County Office Space

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      Fort Worth Office Space Available

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      View Details
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    Fort Worth, TX 76148
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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