Property profile

6601 Watauga Rd Watauga, TX 76148

FOR LEASE
Community centers
Property ID
US82-7376591
47,308 SF 4.49 ac lot Built 1985
Individually Owned 19-yr Hold Absentee Owner ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Pharmacy
  • Gym & Fitness Center
  • Training Center Sports School
  • Training Center Sports School
  • Public Health Department

Location

6601 Watauga Rd Watauga, TX 76148
Watauga metro Census 113809 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
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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

since 2006
6 recorded transactions
2017
Price N/A
2006
Price N/A
2005
$3.8M
1969
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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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