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    For Sale (33)

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    Amarillo Land in Gated Community
    $150,000
    1.05 Acres

    Amarillo Land in Gated Community

    Spacious 1+ acre lot in Tascocita Hills, Amarillo, TX.

    2601 Spyglass Ln, Amarillo, TX 79124
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    Brownfield Commercial Land Opportunity
    $50,000
    8.69 Acres

    Brownfield Commercial Land Opportunity

    8.69-acre tract ideal for commercial or industrial development.

    Us Hwy 385 Hwy 385 U.S, Brownfield, TX 79316
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    Amarillo Land in Gated Community
    $150,000
    1.01 Acres

    Amarillo Land in Gated Community

    Spacious 1+ acre lots in Tascocita Hills, Amarillo, TX.

    8450 Spyglass Ln, Amarillo, TX 79124
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    Amarillo Land in Gated Community
    $150,000
    1.00 Acre

    Amarillo Land in Gated Community

    Spacious 1+ acre lots in Tascocita Hills, Amarillo, TX.

    8350 Spyglass Ln, Amarillo, TX 79124
    View details
    Lubbock Quadplex: Investor Opportunity
    $240,000
    5,500 SF

    Lubbock Quadplex: Investor Opportunity

    Quadplex in Lubbock with versatile units and convenient parking.

    1341 65Th Dr, Lubbock, TX 79412
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    Residential Land in Canyon, TX
    $37,500
    1.14 Acres

    Residential Land in Canyon, TX

    Residential land suitable for building a home near Canyon, TX.

    26601 Hix Dr, Canyon, TX 79015
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    Amarillo Land in Gated Community
    $150,000
    1.00 Acre

    Amarillo Land in Gated Community

    Land in Tascocita Hills, build your ideal living space.

    8400 Spyglass Ln, Amarillo, TX 79124
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    Residential Lot in Mesquite Ridge
    $60,000
    1.01 Acres

    Residential Lot in Mesquite Ridge

    One-acre lot in established Canyon ISD neighborhood near Amarillo.

    9520 Thornbush Dr, Amarillo, TX 79119
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    Amarillo, TX Acre Lot
    $60,000
    1.02 Acres

    Amarillo, TX Acre Lot

    One-acre lot in established Amarillo neighborhood, Canyon ISD.

    9421 Thornbush Dr, Amarillo, TX 79119
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    Unrestricted Land Near Denver City
    $130,000
    10.01 Acres

    Unrestricted Land Near Denver City

    10-acre property between Denver City and Seagraves, TX.

    County Road 217, Denver City, TX 79323
    View details
    Historic Brady Commercial Bank Building
    $395,000
    2,701 SF

    Historic Brady Commercial Bank Building

    Two-story, 5,580 SF commercial building in downtown Brady, Texas.

    101 N Church St, Brady, TX 76825
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    Residential Lot in Mesquite Ridge
    $60,000
    1.02 Acres

    Residential Lot in Mesquite Ridge

    One-acre lot in established Canyon ISD neighborhood near Amarillo.

    9501 Thornbush Dr, Amarillo, TX 79119
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    Land with Beautiful Views
    $99,500
    7.58 Acres

    Land with Beautiful Views

    7+ acre property with views near Canyon, Texas.

    26180 Newton Rd, Canyon, TX 79015
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    Residential Land in Lubbock, TX
    $119,900
    0.50 Acres

    Residential Land in Lubbock, TX

    Half acre lot in Vinyards at Escondido Ranch.

    7702 46Th St, Lubbock, TX 79407
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    Half Acre Lot in Lubbock
    $134,900
    0.57 Acres

    Half Acre Lot in Lubbock

    Half acre lot in Vinyards at Escondido Ranch.

    7801 47Th St, Lubbock, TX 79407
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    Land in Palo Duro Canyon
    $125,000
    1.01 Acres

    Land in Palo Duro Canyon

    One acre of land with canyon views and recreational opportunities.

    11100 Indian Camp Trl, Canyon, TX 79015
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    Amarillo Land For Sale
    $45,000
    1.19 Acres

    Amarillo Land For Sale

    Spacious 1.19 acre lot in Silverpointe, Amarillo.

    13565 Antenor Rd, Amarillo, TX 79124
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    Land in Restricted Canyon Community
    $109,900
    9.81 Acres

    Land in Restricted Canyon Community

    9.81 acres in a restricted community with utilities.

    620 Canyon Pkwy, Canyon, TX 79015
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    Residential Land in Smyer ISD
    $252,330
    38.82 Acres

    Residential Land in Smyer ISD

    38.82 acres in Smyer ISD, ideal for custom home.

    E Ellis St, Lubbock, TX 79407
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    Amarillo Land in Gated Community
    $165,000
    1.00 Acre

    Amarillo Land in Gated Community

    Spacious 1+ acre lots near Amarillo's medical district.

    2700 Augusta Ave, Amarillo, TX 79124
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    Amarillo Land in Gated Community
    $150,000
    1.00 Acre

    Amarillo Land in Gated Community

    Spacious 1+ acre lots in Tascocita Hills, Amarillo, TX.

    2650 Augusta Ave, Amarillo, TX 79124
    View details
    Amarillo Land in Gated Community
    $150,000
    1.14 Acres

    Amarillo Land in Gated Community

    Spacious 1+ acre lot in Tascocita Hills, Amarillo.

    8500 Spyglass Ln, Amarillo, TX 79124
    View details
    Amarillo Land Development Opportunity
    $595,000
    9.49 Acres

    Amarillo Land Development Opportunity

    9.49 acres near Washington/Claude Highway intersection, suitable for development.

    502 W Farm To Market Rd 1151, Amarillo, TX 79118
    View details
    217 Acres of Unimproved Land
    $564,200
    217.06 Acres

    217 Acres of Unimproved Land

    Unimproved land between Amarillo and Lubbock with no restrictions.

    1752 Fm 689, Lockney, TX 79241
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    Amarillo Land with Improvements
    $595,000
    9.49 Acres

    Amarillo Land with Improvements

    9.49 acres suitable for commercial or residential development.

    502 Claude Hwy, Amarillo, TX 79118
    View details
    Land with Beautiful Views
    $99,500
    7.47 Acres

    Land with Beautiful Views

    7+ acre property with views near Newton Road, Canyon.

    26200 Newton Rd, Canyon, TX 79015
    View details
    Commercial Lot in Canyon, TX
    $100,000

    Commercial Lot in Canyon, TX

    Commercial lot with possibilities for a new or growing business.

    11851 Bold Venture Ave, Canyon, TX 79015
    View details
    Commercial Lot in Canyon, TX
    $100,000

    Commercial Lot in Canyon, TX

    Commercial lot suitable for new or growing business.

    11801 Bold Venture Ave, Canyon, TX 79015
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    Commercial Lot in Canyon, TX
    $100,000

    Commercial Lot in Canyon, TX

    Commercial lot suitable for new or growing business.

    11751 Bold Venture Ave, Canyon, TX 79015
    View details
    Residential Lot in Mesquite Ridge
    $60,000
    1.02 Acres

    Residential Lot in Mesquite Ridge

    One-acre lot in established Canyon ISD neighborhood near Amarillo.

    9461 Thornbush Dr, Amarillo, TX 79119
    View details
    Unrestricted Land Near Denver City
    $215,000
    32.97 Acres

    Unrestricted Land Near Denver City

    33 acres of unrestricted land ideal for ranching or recreation.

    County Road 370, Denver City, TX 79323
    View details
    Residential Land in Canyon, Texas
    $115,000
    1.53 Acres

    Residential Land in Canyon, Texas

    1.53 acre lot in Spring Canyon, Canyon, Texas.

    50 Stone Blf Dr, Canyon, TX 79015
    View details
    Commercial Lot in Canyon, TX
    Contact for pricing

    Commercial Lot in Canyon, TX

    Commercial lot with possibilities for new or growing business.

    11751 Bold Venture Ave, Canyon, TX 79015
    View details

    Leases and Sales on Map

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    Lyons Realty
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Lyons Realty
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