5700 Park DrWatauga, TX 76148

Property Details for 5700 Park Dr

Year built

2020

Lot size

0.67 AC

Property size (Sq ft)

3,152 SF

Property type

Medical offices

Property subtype

Medical centers

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.

• 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

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

FAQs

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