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    Property profile & analytics
    FOR LEASE
    Strip malls

    8247 Rufe Snow Dr, Watauga, TX 76148

    10,233 SF 1.44 ac lot Built 2005
    Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US82-0277243
    Property summary
    AI-generated overview

    This exceptional retail opportunity is located at 8247 Rufe Snow Drive and offers 1,342 square feet of immediately available space within a larger 9,694 square foot shopping center. The space is perfect for a new local retail business or restaurant, requiring only finishing touches to suit your specific needs. The property boasts abundant parking, ensuring convenient access for customers. Its high-visibility location benefits from a significant daily traffic count of 22,049 vehicles per day, providing excellent exposure to potential clientele. Easy access to the property is another key advantage, simplifying commutes for both employees and customers. The surrounding area is experiencing growth, presenting a promising market for new businesses. The minimum divisible space is 1,342 square feet, making it ideal for a single tenant seeking a well-located, ready-to-occupy retail space. The entire shopping center comprises 9,694 square feet, offering potential for future expansion or synergy with other businesses within the center. This is a truly exceptional opportunity to establish a thriving business in a high-traffic, growing area.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2005
    Total area 10,233 SF
    Lot 1.44 ac (62,509 SF)
    APN 40647-1-2R
    UPID US82-0277243
    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
    • Isalis (Bike/Boat/Book/etc) Store
    • Party City Party Supply Store (Bike/Boat/Book/etc) Store
    • Skunk Funk Big Box & Wholesale Store
    • Carl's Trading Co Hat Shop
    • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $565k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $675k
    Blend (final) Blend
    $620k
    Owner & transaction history
    T K Apple Tree INC · 3 yrs held
    T K Apple Tree INC
    since 2022
    6 recorded transactions
    2022
    2021
    2021
    2019
    2013
    2005
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $945,000 +83.6%
    Office building $935,000 +81.7%
    Retail stores $905,000 +75.9%
    Try Rey
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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