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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Super regional malls
7508 Denton Hwy Fort Worth, TX 76148
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US82-0211155
Property summary
AI-generated overview
The Watauga Pavilion, located at 7508 Denton Hwy in Watauga, Texas (76148), offers exceptional retail and restaurant opportunities within a thriving power center. This 205,488 square foot property boasts a prime location in Tarrant County, surrounded by a high-growth, affluent residential community. Three spaces are currently available for lease, ranging from a minimum of 1,210 square feet to a maximum contiguous space of 24,272 square feet. A total of 36,825 square feet is currently vacant. The center enjoys high visibility and traffic due to its proximity to national retailers such as Party City, Office Depot, Five Below, Cost Plus World Market, Half Price Books, and Popshelf. This property is ideal for a variety of uses, including commercial, retail, restaurant, dental, and medical businesses, or a mix-use tenant. The property's multiple tenancy structure provides flexibility for businesses of various sizes. This is a unique opportunity to establish a presence in a dynamic and rapidly developing area with strong consumer demographics. Contact us today to learn more about leasing options and explore the possibilities at Watauga Pavilion.
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2003
Total area
7,904 SF
Lot
1.08 ac (47,219 SF)
APN
45137-1-3
UPID
US82-0211155
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
-
Watauga Pavilion Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$480k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$522k
Blend (final)
Blend
$500k
Owner & transaction history
G&i Xi Watauga Pavillion LP
G&i Xi Watauga Pavillion LP
since 2025
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$730,000
+83.6%
Office building
$725,000
+81.7%
Retail stores
$700,000
+75.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fort Worth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Worth submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$400,000
Current use
AUTO REPAIR, GARAGE
$730,000
Change: +84% · Conversion: Difficult
OFFICE BUILDING
$725,000
Change: +82% · Conversion: Moderate
RETAIL STORES
$700,000
Change: +76% · Conversion: Easy
MEDICAL BUILDING
$695,000
Change: +75% · Conversion: Difficult
WAREHOUSE, STORAGE
$345,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$500k
Range $450k – $550k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$63 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$43,177
Tax year 2023
Assessed value
$1,626,052
Assessed 2024
Previous assessed
$2,000,000
-18.7% YoY
Effective rate
2.66%
On assessed value
Assessed land
$660,842
Assessed improvement
$965,210
Land market value
$660,842
Improvement market value
$965,210
Total market value
$1,626,052
Applied tax rate
224.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
2003
Heating
NONE
Stories
1
Total area
7,904 SF
Lot
1.08 ac (47,219 SF)
APN
45137-1-3
UPID
US82-0211155
Jurisdiction
TARRANT
Metro division
FORT WORTH-ARLINGTON, TX METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$400,000
AUTO REPAIR, GARAGE
Est. value
$730,000
OFFICE BUILDING
Est. value
$725,000
RETAIL STORES
Est. value
$700,000
MEDICAL BUILDING
Est. value
$695,000
WAREHOUSE, STORAGE
Est. value
$345,000
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Heating
NONE
Stories
1
Lot
1.08 ac
Current owner
From public records · entity-resolved
G&i Xi Watauga Pavillion LP
Entity
Mailing address
30 S MERIDIAN ST STE #1100, INDIANAPOLIS, IN 46204-3565
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2025
—
G&i Xi Watauga Pavillion LP
Krg Watauga LLC
Special Warranty Deed
$305,000,000 · New York Life Insurance Company
Oct 27, 2009
—
Inland Western Watauga
—
Deed Of Trust
related
$102,275,000 · Principal Life Insurance Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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