6601 Watauga RdWatauga, TX 76148

Property Details for 6601 Watauga Rd

Year built

1985

Lot size

4.49 AC

Property size (Sq ft)

47,308 SF

Property type

Community centers

APN

38650-3-25

APU

38650325

Description

Watauga Marketplace, located at 6601 & 6651 Watauga Rd, Watauga, TX 76148, offers a diverse range of office spaces within a 77,299 square foot retail and office center. This Class B property, situated in Tarrant County, provides multiple tenancy options with spaces ranging from a minimum of 1,040 square feet to a maximum contiguous space of 4,700 square feet. Currently, 14,969 square feet are vacant and ready for immediate occupancy. The property is ideally located at the busy intersection of Rufe Snow Drive and Watauga Road, just one mile north of Loop 820, ensuring high visibility and accessibility. Recent renovations have enhanced the center, which currently houses a mix of local restaurants, neighborhood service retailers, and national retailers. The property features state-of-the-art programmable LED parking field lights, further enhancing visibility. Suitable for various uses, including traditional, executive, coworking, medical, and creative office spaces, as well as general commercial tenants. This bustling center offers flexible lease terms and is welcoming to both first-time and franchise businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $13,176,920

  6.5%

  $12,163,311

  7%

  $11,294,503

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,772,784

  Geo Method

  $31,353,912

• Alternative Use

  Use

  Valuation

  Residential

  $10,260,208

  Hospitality

  $9,398,295

  Educational

  $7,819,272

  Medical

  $8,088,188

  Retail

  $12,163,311

Location Insight

City

Watauga

County

Tarrant

State

Texas

Latitude

32.861

Longitude

-97.2399

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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