5625 Watauga RdWatauga, TX 76148
- Retail space
- 3,288 SF
For Sale
$849,000
View listing
Property Details for 5625 Watauga Rd
- Year built
- 1950
- Lot size
- 0.50 AC
- Property size (Sq ft)
- 3,288 SF
- Property type
- Retail space
- APN
- 37570-5-5
- APU
- 3757055
Description
This exceptional commercial property, located at 5625 Watauga Road in Watauga, Texas, presents a unique investment opportunity. The 0.5-acre lot features two buildings totaling approximately 2,100 square feet. One building, with a commercial aesthetic, offers roughly 1,100 square feet of space, while the second building, resembling a house, provides approximately 1,000 square feet. This dual-building setup offers versatility for a variety of uses. The property boasts a highly desirable location, enjoying exceptional visibility directly on Watauga Road. Its strategic proximity to major transportation arteries enhances its appeal
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $915,822
- 6.5%
- $845,374
- 7%
- $784,990
-
Comparable approach
- Method
- Valuation
- Relative Method
- $957,236
- Geo Method
- $2,179,483
-
Alternative Use
- Use
- Valuation
- Residential
- $713,105
- Hospitality
- $653,200
- Educational
- $543,455
- Medical
- $562,145
- Retail
- $845,374
Location Insight
- City
- Watauga
- County
- Tarrant
- State
- Texas
- Latitude
- 32.8609
- Longitude
- -97.2622
- 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
$6,587
$152,250
$137,357
$289,607
-
$152,250
$137,357
$289,607
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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