Property profile

6700 Denton Hwy Watauga, TX 76148

OFF-MARKET
Strip malls
Property ID
US82-4867991
23,077 SF 2.45 ac lot Built 1985
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

Greenfield Plaza, located at 6700 Denton Hwy in Watauga, Texas, 76148, presents a compelling retail investment opportunity. This single-story, 1980-built center sits on 2.45 acres and boasts a prime location at the highly visible, signalized intersection of Denton Highway and Chapman Road, experiencing over 106,000 vehicles per day. The property's strategic position between Loop 820 and North Tarrant Parkway, key area thoroughfares, further enhances its accessibility and visibility. Currently, three spaces are available, ranging from 1,650 to 5,990 square feet, offering flexibility for various retail or office uses. The center features a dedicated turn lane and ample parking. Previous tenants include a spa/salon, fitness center, and a staffing agency, leaving behind adaptable spaces with existing build-outs. The property is zoned LB and benefits from a strong neighborhood-focused tenant mix, including services, dining, and pet services, catering to a dense residential area. The property's CoStar rating is 3 stars, and the motivated ownership offers affordable rent and NNN expenses compared to the surrounding area. Two rear restrooms and individual suite access add to the convenience. High traffic counts (39,000+ VPD in 2020) underscore the property's potential. This is an exceptional opportunity to acquire a well-located retail center in a thriving Tarrant County market.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1985
Total area 23,077 SF
Lot 2.45 ac (106,853 SF)
APN 16300-23R
UPID US82-4867991

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
  • Church
  • Church Mosque
  • Pet Grooming Service
  • Atm
  • Church

Location

6700 Denton Hwy Watauga, TX 76148-1905
Watauga metro Census 113809 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$805k
CAP Approach CAP
by Request
Comparable Approach Comparable
$727k
Blend (final) Blend
$765k

Owner & transaction history

since 2021
2 recorded transactions
2021
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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 6700 Denton Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message