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5802 Watauga Rd 3,650 SF 100% Leased Office Building Watauga, TX 76148 $1,250,000 ($342.47/SF) 7.08% Cap Rate
Investment Highlights
- Heavy traffic on major connection
- Private offices, great for professional offices
- 2 Separate Suites with separate enterances
Executive Summary
Beautiful property, currently leased out by medical business. Owner occupies 1 suite, other side leased to separate tenant. There is another 2 years left on lease. Tenant has invested significant investment into building and community and will likely be a long term client in the area.
Building built in 2021, first occupied in 2022. Well maintained with minor wear and tear.
City of Watauga is growing Watauga Road to house be a medical/professional corridor. Good city support being provided. High traffic area.
Sale includes rights with full ownership to build monument signage on main road (does not need to be shared).
Building built in 2021, first occupied in 2022. Well maintained with minor wear and tear.
City of Watauga is growing Watauga Road to house be a medical/professional corridor. Good city support being provided. High traffic area.
Sale includes rights with full ownership to build monument signage on main road (does not need to be shared).
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
3,650 SF
Building Class
C
Year Built
2021
Price
$1,250,000
Price Per SF
$342.47
Cap Rate
7.08%
NOI
$88,500
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,650 SF
Building FAR
0.26
Lot Size
0.32 AC
Zoning
LB - Local Business
Parking
13 Spaces (3.56 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Central Heating
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Medical Company
- Health Care and Social Assistance
-
99,999 SF
- -
-
Lorem Ipsum
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Medical Company | Health Care and Social Assistance | 99,999 SF | - | Lorem Ipsum | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
20/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 42550031 | Total Assessment | $1,108,951 |
| Land Assessment | $84,030 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,024,921 | Tax Year | 2025 |
Property Taxes
Parcel Number
42550031
Land Assessment
$84,030
Improvements Assessment
$1,024,921
Total Assessment
$1,108,951
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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5802 Watauga Rd
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