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    FOR LEASE
    Community centers

    6601 Watauga Rd, Watauga, TX 76148

    47,308 SF 4.49 ac lot Built 1985
    Individually Owned 19-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US82-7376591
    Property summary
    AI-generated overview

    Watauga Marketplace, located at 6601 & 6651 Watauga Rd, Watauga, TX 76148, offers a diverse range of office spaces within a 77,299 square foot retail and office center. This Class B property, situated in Tarrant County, provides multiple tenancy options with spaces ranging from a minimum of 1,040 square feet to a maximum contiguous space of 4,700 square feet. Currently, 14,969 square feet are vacant and ready for immediate occupancy. The property is ideally located at the busy intersection of Rufe Snow Drive and Watauga Road, just one mile north of Loop 820, ensuring high visibility and accessibility. Recent renovations have enhanced the center, which currently houses a mix of local restaurants, neighborhood service retailers, and national retailers. The property features state-of-the-art programmable LED parking field lights, further enhancing visibility. Suitable for various uses, including traditional, executive, coworking, medical, and creative office spaces, as well as general commercial tenants. This bustling center offers flexible lease terms and is welcoming to both first-time and franchise businesses.

    Property profile
    Verified
    Property type Community centers
    Use group MINI-MALL
    Year built 1985
    Total area 47,308 SF
    Lot 4.49 ac (195,410 SF)
    APN 38650-3-25
    UPID US82-7376591
    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
    Current use
    Occupant on record · Public records
    • Isalis (Bike/Boat/Book/etc) Store
    • Party City Party Supply Store (Bike/Boat/Book/etc) Store
    • Skunk Funk Big Box & Wholesale Store
    • Carl's Trading Co Hat Shop
    • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $925k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.35M
    Blend (final) Blend
    $1.14M
    Owner & transaction history
    Woodcrest Marketplace · 19 yrs held
    Woodcrest Marketplace
    since 2006
    6 recorded transactions
    2017
    2006
    2005
    $3.8M
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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