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    Property profile & analytics

    6001 Watauga Rd Watauga, TX 76148

    • Office buildings
    • 1,150 SF
    • 0.57 lot acres
    For Sale
    View listing
    $395,000
    Value Estimations
    Cap Rate Potential
    7.2%
    Office buildings
    Location Intelligence
    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.

    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

      Method
      Estimation
      ML approach
      $295,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $355,000
      6.5%
      $330,000
      7%
      $305,000

    Get a detailed, property-specific valuation — 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
      $300,000
      0.32 Acres

      5806 Watauga Rd

      OFFICE BUILDING • 0.32 Acres
      5806 Watauga Rd, Watauga, TX 76148-3069
      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
      $300,000
      0.44 Acres

      5804 Watauga Rd

      OFFICE BUILDING • 0.44 Acres
      5804 Watauga Rd, Watauga, TX 76148-3069
      View Details
    • Value Estimation
      $355,000
      2,400 SF

      5805 Starnes Rd

      OFFICE BUILDING • 2,400 SF
      5805 Starnes Rd, Watauga, TX 76148-1300
      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

    Similar Nearby for Sale

    • $1,500,000
      2.04 Acres

      Watauga Commercial Property on Two Acres

      High-visibility commercial building on over two acres in Watauga.
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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.
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    • $699,900
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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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      View Details
    • $975,000
      3,982 SF

      Prime Watauga Retail Space

      High-traffic location, spacious retail building.
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    • Contact for pricing
      156,657 SF

      Watauga Road Pad Sites For Sale

      Office/Medical pad sites available in growing Fort Worth suburb.
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    • $1,702,923
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      US Hwy 377 Commercial Land

      High-traffic Haltom City retail site.
      5500 Denton Hwy, Haltom City, TX 76148
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      10,500 SF

      Watauga Retail Space - 10,500 SF

      High-visibility retail/office space available. Excellent location in Tarrant County.
      6101 Watauga Rd, Watauga, TX 76148
      View Details
    • $19 SF/Yr
      77,299 SF

      Watauga Marketplace Office Suites

      Prime Watauga, TX office space available.
      6601 Watauga Rd, Watauga, TX 76148
      View Details
    • Contact for pricing
      1,150 SF

      Prime Tarrant County Office Space

      Former Sonic, 1,150 SF, Available Now
      6001 Watauga Rd, Watauga, TX 76148
      View Details
    • $17 SF/Yr
      99,084 SF

      Fort Worth Office Space Available

      99,000 SF Office/Retail Center in Tarrant County
      6238 Rufe Snow Dr, Fort Worth, TX 76148
      View Details
    • $18 SF/Yr
      5,315 SF

      Watauga Medical Office Building

      Texas medical office space for lease.
      8313 Whitley Rd, Watauga, TX 76148
      View Details
    • $10 SF/Yr
      1,250 SF

      Watauga Office Space For Rent

      Office space with drive-in door available for rent.
      5930 Plum St, Watauga, TX 76148
      View Details
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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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