Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7304 Denton Hwy Watauga, TX 76148-1243

    • Drive through restaurants
    • 3,782 SF
    • 1.23 lot acres
    OFF-MARKET
    Value Estimations
    $510,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9755141
    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

    • CosMc's / Fast Food Restaurant / Restaurant
    • Pollo Tropical / Chicken Restaurant

    Property Details for 7304 Denton Hwy

    Year built
    2015
    Lot size
    1.23 lot acres
    Property size
    3,782 SF
    Property type
    Drive through restaurants
    APN
    17388-1-5
    APU
    1738815

    Description

    This exceptional investment opportunity presents a 3,782 square foot McDonald's/CosMc's restaurant located at 7304 Denton Hwy, Watauga, TX 76148, in Tarrant County. The property sits on a sizable 1.23-acre lot and benefits from a strong 10.5-year remaining lease term (expiring 05/31/2035), commencing May 1, 2024, with a corporate guarantee from McDonald's. The lease is a triple-net (NNN) structure, offering investors significant passive income potential. The current asking price is $2,541,000, yielding a 5.00% cap rate, projected to increase to 4.40% after the first year due to a 10% rent increase in 2025, with further 10% increases every five years thereafter. The property underwent renovations in 2024 and boasts a 100% occupancy rate, generating a net operating income (NOI) of $127,050. The location is highly desirable, situated on Denton Highway, a major thoroughfare with over 45,000 vehicles per day, connecting Fort Worth and Denton. The surrounding area is affluent, with over 311,000 residents within a 5-mile radius and an average household income exceeding $137,000. This is only the third CosMc's location nationwide and the second in the Dallas-Fort Worth area, representing a unique and promising investment in a rapidly growing market. The lease includes five, five-year options to renew, providing long-term stability and growth potential. This is a motivated seller seeking a year-end closing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $425,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $597,000
      Market price range: $336k - $624k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $450,000
      Current use
      COMMERCIAL (GENERAL)
      $570,000
      Change: +26% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Watauga
    County
    Tarrant
    State
    Texas
    Longitude
    -97.2608
    Latitude
    32.8782
    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
    $31,951
    $751,282
    $823,718
    $1,575,000
    -
    $751,282
    $823,718
    $1,575,000

    Comparable in this City

    • Value Estimation by Request
      1,669 SF

      6209 Denton Hwyus

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,669 SF
      6209 Denton Hwyus, Fort Worth, TX 76148
      View Details
    • Value Estimation by Request
      3,021 SF

      7826 Denton Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,021 SF
      7826 Denton Hwy, Watauga, TX 76148-2462
      View Details
    • Value Estimation by Request
      1,818 SF

      5400 Denton Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,818 SF
      5400 Denton Hwy, Haltom City, TX 76148-4141
      View Details
    • Value Estimation by Request
      3,732 SF

      5608 Denton Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,732 SF
      5608 Denton Hwy, Haltom City, TX 76148-3753
      View Details
    • Value Estimation by Request
      540 SF

      6440 Rufe Snow Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 540 SF
      6440 Rufe Snow Dr, North Richland Hills, TX 76148-2944
      View Details
    • Value Estimation by Request
      4,101 SF

      8012 Denton Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,101 SF
      8012 Denton Hwy, Watauga, TX 76148-2464
      View Details

    Similar Nearby for Sale

    • $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
    • $975,000
      3,982 SF

      Prime Watauga Retail Space

      High-traffic location, spacious retail building.
      6709 Rufe Snow Dr, Watauga, TX 76148
      View Details
    • 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

    Similar Nearby for Lease

    • $2,700 /Mo
      11,587 SF

      Watauga Retail with Drive-Thru

      Retail space with drive-thru, ready for new business.
      6204 Denton Hwy, Fort Worth, TX 76148
      View Details
    • $2,999 /Mo

      Retail Space with Drive-Thru

      Excellent location suitable for various business options.
      6204 Denton Dr, 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
      3,324 SF

      Freestanding Restaurant on Rufe Snow

      Freestanding restaurant in fast-growing area near I-820.
      6000 Rufe Snow Dr, North Richland Hills, 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
    • $2,700 /Mo
      11,587 SF

      Watauga Office/Restaurant Space Available

      Versatile space suitable for office, restaurant, or retail use.
      6204 Denton Dr, Watauga, TX 76148
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7304 Denton Hwy
    Watauga, TX 76148-1243
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.