5700 Park DrWatauga, TX 76148

  • Healthcare properties
  • 3,152 SF
For Lease

Property Details for 5700 Park Dr

Year built
2020
Lot size
0.67 AC
Property size (Sq ft)
3,152 SF
Property type
Healthcare properties
Property subtype
Medical offices
APN
45137-1-6R1
APU
4513716R1

Description

This exceptional ±3,100 square foot standalone building, constructed in 2021, presents a unique opportunity for a single tenant seeking a prominent location in Watauga, Texas. Situated at 5700 N Park Dr, 76148, this property offers a versatile space ideal for retail or medical office use. The building's single-story design provides convenient access and ample space for various business needs. The property type is classified as both retail and office, with subtypes including medical office and traditional office, making it suitable for a wide range of potential occupants. The building's modern construction ensures efficiency and functionality, while its standalone nature provides excellent visibility and independent control. This ±3,100 square foot space is perfect for businesses seeking a high-profile location in a thriving community. The address is easily accessible, offering convenient access for both employees and clients. The single-tenancy aspect ensures privacy and control over the entire space. This property represents a rare opportunity to secure a well-appointed, modern building in a desirable location. Its versatility and prime location make it an attractive option for businesses seeking to establish or expand their presence in the Watauga market. Don't miss this chance to own a highly sought-after commercial property.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $597,239
    6.5%
    $551,298
    7%
    $511,919
  • Comparable approach

    Method
    Valuation
    Relative Method
    $364,144
    Geo Method
    $827,132
  • Alternative Use

    Use
    Valuation
    Residential
    $683,609
    Hospitality
    $626,182
    Educational
    $520,976
    Medical
    $538,893
    Retail
    $810,408
5700 Park Dr, Watauga, Texas

Location Insight

City
Watauga
County
Tarrant
State
Texas
Latitude
32.8862
Longitude
-97.2583
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
$30,706
$146,655
$853,345
$1,000,000
-
$146,655
$853,345
$1,000,000

FAQs

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