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    6001 Watauga Rd Watauga, TX 76148

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    6001 Watauga Rd Watauga, TX 76148

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    • Office buildings
    • 1,150 SF
    • 0.57 lot acres
    For Sale
    $395,000
    View Listing →
    Former Sonic Retail Space For Sale
    $395,000
    1,150 SF

    Former Sonic Retail Space

    Retail space previously used as a loan services facility.

    6001 Watauga Rd, Watauga, TX 76148
    View Listing
    Property ID
    US82-3143536
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 6001 Watauga Rd

    Year built
    1978
    Lot size
    0.57 lot acres
    Property size
    1,150 SF
    Property type
    Office buildings
    APN
    45120-2-1D
    APU
    4512021D

    Description

    This exceptional 1,150-square-foot commercial property, situated on a spacious 24,829-square-foot lot in Tarrant County, presents a unique investment opportunity. Previously occupied by a Texas Car Title and Payday loan services business, this single-tenant building offers immediate occupancy. The property is zoned GB - General Business District, allowing for a variety of uses. The building itself is a single-story structure, offering convenient access and functionality. The entire 1,150 square feet is currently vacant, providing a blank canvas for a new business to customize the space to their exact needs. The ample lot size provides significant potential for expansion or additional parking. This former Sonic Drive-In location benefits from high visibility and convenient access, making it an ideal location for a variety of businesses seeking a prominent presence in a busy area. The property's history as a retail and financial services location suggests strong potential for continued success in a similar vein, or for a business seeking a high-traffic location. The building's single-tenant status simplifies management and occupancy, making it an attractive option for both established businesses and new ventures. This is a rare opportunity to acquire a well-located, versatile commercial property in a thriving Tarrant County market. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Watauga
    County
    Tarrant
    State
    Texas
    Longitude
    -97.2519
    Latitude
    32.8608
    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
    $4,549
    $148,974
    $51,026
    $200,000
    -
    $148,974
    $51,026
    $200,000

    Comparable in this City

    • Value Estimation by Request
      0.32 Acres

      5806 Watauga Rd

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      5806 Watauga Rd, Watauga, TX 76148-3069
      View Details
    • Value Estimation
      $690,000
      7,600 SF

      8317 Whitley Rd

      OFFICE BUILDING • 7,600 SF
      8317 Whitley Rd, Watauga, TX 76148-2483
      View Details
    • Value Estimation
      $835,000
      5,000 SF

      5720 Watauga Rd

      OFFICE BUILDING • 5,000 SF
      5720 Watauga Rd, Watauga, TX 76148-3081
      View Details
    • Value Estimation by Request
      4,800 SF

      5621 Bunker Blvd

      OFFICE BUILDING • 4,800 SF
      5621 Bunker Blvd, Watauga, TX 76148-1910
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    • Value Estimation by Request
      1,008 SF

      6004 Plum St

      OFFICE BUILDING • 1,008 SF
      6004 Plum St, Watauga, TX 76148-3464
      View Details
    • Value Estimation
      $510,000
      5,315 SF

      8313 Whitley Rd

      OFFICE BUILDING • 5,315 SF
      8313 Whitley Rd, Watauga, TX 76148-2483
      View Details

    Similar Nearby for Sale

    • $1,200,000

      Medical/Professional Office Space For Sale

      High-end, walk-in ready office space in Royal Crest Office Park.
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    • $600,000
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      Watauga Retail/Office Ready Space

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    • New
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      Highway Frontage Commercial Opportunity

      Versatile building suitable for retail, office, medical, or service-based operations.
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    • $679,900
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      Watauga Road Land For Sale

      1.44 acre commercial land with utilities available in Watauga.
      6424 Watauga Rd, Watauga, TX 76148
      View Details
    • Contact for pricing
      15,022 SF

      Retail Space in High-Growth Area

      Retail space for sale in a high-growth DFW area.
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      View Details
    • Contact for pricing

      Commercial Land on Rufe Snow

      3.428-acre commercial land with C-1 zoning and utilities.
      6750-6780 Chapman Rd, North Richland Hills, TX 76148
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Watauga Marketplace Retail and Office

      Renovated shopping center with retail, restaurant, and office spaces.
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      View Details
    • Contact for pricing

      Medical Building with Security System

      Equipped medical building with backup generator and security system.
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      View Details
    • $17 SF/Yr

      New Office Space Available

      Brand new, ready-to-occupy office space on Keller/NRH border.
      7720 Rufe Snow Dr, North Richland Hills, TX 76148
      View Details
    • Contact for pricing

      North Richland Hills Shopping Center

      99,000 SF shopping center with retail and office spaces.
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      Office Space Available For Lease

      Office space for lease at 5700 N Park Dr, Watauga, TX.
      5700 N Park Dr, Watauga, TX 76148
      View Details
    • Contact for pricing

      Retail/Restaurant Space Available

      Retail or restaurant space with high visibility and easy access.
      8247 Rufe Snow Dr, Watauga, TX 76148
      View Details
    View Listing
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    Watauga, 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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