Property profile

5900 Hightower Dr Watauga, TX 76148

OFF-MARKET
Commercial land
Property ID
US82-8082901
0.76 ac lot
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 0.76-acre commercial lot at 5900 Hightower Drive in Watauga, Texas presents a unique investment opportunity. Situated on a hard corner with signal lights, this property boasts excellent visibility and accessibility, making it highly attractive for a variety of commercial ventures. The location is surrounded by a dense residential area and a new subdivision, ensuring a strong customer base. All essential utilities, including sewer and water, are readily available. The lot has already been platted and is completely shovel-ready, minimizing development time and costs. Currently zoned for local business use, the property offers significant potential for rezoning. The city is open to considering rezoning applications for residential uses such as townhomes, multi-family dwellings, or mixed-use developments incorporating retail space on the ground floor and residential condos above. Prospective buyers are encouraged to contact the city directly to discuss specific project proposals and rezoning possibilities. This prime location, coupled with its readily available infrastructure and development-ready status, makes this a truly exceptional opportunity for investors seeking a high-impact commercial property in a thriving residential community. The asking price is $295,000.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.76 ac (32,997 SF)
APN 10840-14-7R2
UPID US82-8082901

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5900 Hightower Dr Watauga, TX 76148-2049
Watauga metro Census 113808 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2025
6 recorded transactions
2025
Price N/A
2022
Price N/A
2020
Price N/A
2019
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
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