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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6651 Hightower Dr Watauga, TX 76148-2341

    • Strip malls
    • 16,472 SF
    • 1.44 lot acres
    OFF-MARKET
    Value Estimations
    $620,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0099121
    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

    • Ying Cafe / Asian Restaurant / Noodle Shop
    • D K Cleaners / Dry Cleaner
    • Hightower Salons - Watauga / Hair Salon / Beauty Salon
    • Hightower Plaza / Shopping Mall
    • AD Nail Spa / Nail Salon

    Property Details for 6651 Hightower Dr

    Year built
    1998
    Lot size
    1.44 lot acres
    Property size
    16,472 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    40673-3-1A
    APU
    4067331A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $570,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $671,000
      Market price range: $430k - $1.09M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $830,000
      Current use
      WAREHOUSE, STORAGE
      $715,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Watauga
    County
    Tarrant
    State
    Texas
    Longitude
    -97.239
    Latitude
    32.8752
    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
    $43,215
    $627,260
    $1,313,740
    $1,941,000
    -
    $627,260
    $1,313,740
    $1,941,000

    Comparable in this City

    • Value Estimation
      $875,000
      24,312 SF

      6245 Rufe Snow Dr

      SHOPPING CENTER, STRIP CENTER • 24,312 SF
      6245 Rufe Snow Dr, Watauga, TX 76148-3349
      View Details
    • Value Estimation
      $620,000
      10,233 SF

      8247 Rufe Snow Dr

      SHOPPING CENTER, STRIP CENTER • 10,233 SF
      8247 Rufe Snow Dr, Watauga, TX 76148-1105
      View Details
    • Value Estimation
      $540,000
      14,250 SF

      6420 Denton Hwy

      SHOPPING CENTER, STRIP CENTER • 14,250 SF
      6420 Denton Hwy, Watauga, TX 76148-2539
      View Details
    • Value Estimation
      $310,000
      3,440 SF

      5609 Watauga Rd

      SHOPPING CENTER, STRIP CENTER • 3,440 SF
      5609 Watauga Rd, Watauga, TX 76148-3032
      View Details
    • Value Estimation
      $320,000
      3,966 SF

      6124 Watauga Rd

      SHOPPING CENTER, STRIP CENTER • 3,966 SF
      6124 Watauga Rd, Watauga, TX 76148-2809
      View Details
    • Value Estimation
      $280,000
      0.33 Acres

      5900 Rufe Snow Dr

      SHOPPING CENTER, STRIP CENTER • 0.33 Acres
      5900 Rufe Snow Dr, North Richland Hills, TX 76148-3610
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,227 SF

      Prime Watauga Retail Opportunity

      Former Dollar General, High-Traffic Location
      6600 Bursey Rd, Watauga, TX 76148
      View Details
    • $600,000
      0.50 Acres

      Watauga Retail Property on Watauga

      Highly visible commercial property with potential for business growth.
      5617 Watauga Rd, Fort Worth, TX 76148
      View Details
    • $975,000
      3,982 SF

      Prime Watauga Retail Space

      High-traffic location, spacious retail building.
      6709 Rufe Snow Dr, Watauga, TX 76148
      View Details
    • $395,000
      1,150 SF

      Prime Watauga Retail Opportunity

      Former Sonic, 1,150 SF, $395,000
      6001 Watauga Rd, Watauga, TX 76148
      View Details
    • $1,920,000
      1,722 SF

      New Development Strickland Brothers

      New development Strickland Brothers with corporate guarantee and zero responsibilities.
      6450 Rufe Snow Dr, North Richland Hills, TX 76148
      View Details
    • $849,000
      0.50 Acres

      Watauga Road Retail Opportunity

      Two buildings on Watauga Road near upcoming Mr. Froze Margaritas.
      5625 Watauga Rd, Fort Worth, TX 76148
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,694 SF

      Rufe Snow Dr Retail Space

      Prime Retail Space, 1,342 sq ft available.
      8247 Rufe Snow Dr, Watauga, TX 76148
      View Details
    • Contact for pricing
      1,610 SF

      Retail Center in North Richland

      99,084 SF shopping center with excellent visibility and access.
      6242-6246 Rufe Snow Dr, North Richland Hills, TX 76148
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space in Anchored Center

      Retail space available in a Big Lots anchored shopping center.
      6312-6723 Rufe Snow Dr, North Richland Hills, TX 76148
      View Details
    • $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
    • 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
    • $19 SF/Yr
      77,299 SF

      Watauga Marketplace Office Suites

      Prime Watauga, TX office space available.
      6601 Watauga Rd, Watauga, TX 76148
      View Details
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    6651 Hightower Dr
    Watauga, TX 76148-2341
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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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