Property profile

8247 Rufe Snow Dr Watauga, TX 76148

FOR SALE
Strip malls
Property ID
US82-0277243
10,233 SF 1.44 ac lot Built 2005
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Restaurant
  • Dental Office
  • Bakery Discount Store
  • Restaurant
  • (Bike/Boat/Book/etc) Store

Location

8247 Rufe Snow Dr Watauga, TX 76148
Watauga metro Census 113803 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2022
6 recorded transactions
2022
Price N/A
2021
Price N/A
2021
Price N/A
2019
Price N/A
2013
Price N/A
2005
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $945,000 +83.6%
Office building $935,000 +81.7%
Retail stores $905,000 +75.9%

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
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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