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    For Sale (29)

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    16 Acres on U.S. Highway
    $289,000
    16.01 Acres

    16 Acres on U.S. Highway

    16.01 acres with home, potential for development and expansion.

    986 S 287, Claude, TX 79019
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    20-Acre Homesite Near Canyon, TX
    $175,000
    20.00 Acres

    20-Acre Homesite Near Canyon, TX

    20-acre homesite with paved drive, suitable for horses.

    1062 Tract 2, Canyon, TX 79015
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    Canyon, TX Homesite Land
    $175,000
    20.00 Acres

    Canyon, TX Homesite Land

    20-acre homesite near Canyon, TX, suitable for horses.

    1062 Tract 3, Canyon, TX 79015
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    Hereford Commercial Property with Potential
    $415,000

    Hereford Commercial Property with Potential

    Versatile commercial property in Hereford, suitable for various uses.

    411 E 6Th St, Hereford, TX 79045
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    Prime Commercial Land in Canyon,TX
    $695,000
    5.08 Acres

    Prime Commercial Land in Canyon,TX

    Five acre commercial land tract with highway frontage in Canyon.

    6110 4Th Ave, Canyon, TX 79015
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    Hereford TX Land For Sale
    $215,000
    2.36 Acres

    Hereford TX Land For Sale

    Land with multi-family zoning near Aquatic Center and local amenities.

    E 15Th St, Hereford, TX 79045
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    Residential Land in Vega, TX
    $45,000
    0.64 Acres

    Residential Land in Vega, TX

    Residential land for sale in Vega, Texas near schools.

    1 St, Vega, TX 79092
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    Prime Commercial Land in Canyon, TX
    $695,000
    5.08 Acres

    Prime Commercial Land in Canyon, TX

    Five acre commercial land tract with highway frontage in Canyon.

    6110 4Th Ave, Canyon, TX 79015
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    80 Acres Near Canyon, TX
    $640,000
    80.00 Acres

    80 Acres Near Canyon, TX

    80-acre property suitable for horses and livestock near Canyon.

    80 Acres, Canyon, TX 79015
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    Residential Land in Lake Ridge
    $54,500
    2.29 Acres

    Residential Land in Lake Ridge

    Spacious lot in a quiet cul-de-sac, ideal for building.

    8450 Kemper Rd, Canyon, TX 79015
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    New Multifamily Investment Opportunity
    $530,000
    3,792 SF

    New Multifamily Investment Opportunity

    New construction multifamily property in Hereford, Texas, featuring four units.

    423 Avenue F, Hereford, TX 79045
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    Updated Duplex in Hereford, TX
    $329,900
    2,539 SF

    Updated Duplex in Hereford, TX

    Updated duplex with new electrical, plumbing, and modern finishes.

    501 N Irving St, Hereford, TX 79045
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    Spacious Lot in River Falls
    $89,000
    1.50 Acres

    Spacious Lot in River Falls

    1.5-acre lot near Wildlife Refuge, golf, and equestrian center.

    12800 Montana Way, Amarillo, TX 79118
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    Vega, TX Land Opportunity
    $365,000
    6.20 Acres

    Vega, TX Land Opportunity

    Land available for residential development near schools in Vega, TX.

    Lubbock St, Vega, TX 79092
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    Residential Land in Yucca Hills
    $30,000
    2.36 Acres

    Residential Land in Yucca Hills

    Land for sale in Yucca Hills, Hereford, Texas.

    26 Yucca Hills Dr, Hereford, TX 79045
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    Spacious Claude, TX Land Tract
    $85,000
    9.96 Acres

    Spacious Claude, TX Land Tract

    Large 10-acre tract ideal for custom home or barndominium.

    6 Tract 3, Claude, TX 79019
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    20-Acre Homesite Near Canyon, TX
    $175,000
    20.00 Acres

    20-Acre Homesite Near Canyon, TX

    20-acre homesite with paved drive, suitable for livestock.

    1062 Tract 1, Canyon, TX 79015
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    Hereford, TX Land For Sale
    $30,000
    2.54 Acres

    Hereford, TX Land For Sale

    Residential land in Yucca Hills, 5 miles from Walmart.

    27 Yucca Hills Dr, Hereford, TX 79045
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    Residential Land in Vega, TX
    $30,000
    0.32 Acres

    Residential Land in Vega, TX

    Land available for building a home in Vega, Texas.

    1 St, Vega, TX 79092
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    Amarillo Commercial Property with Residence
    $724,900
    6.02 Acres

    Amarillo Commercial Property with Residence

    Versatile property with workspace and residence on 6.02 acres.

    2501 Trammel Ave, Amarillo, TX 79118
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    Land in The Canyons
    $65,000
    6.49 Acres

    Land in The Canyons

    6.49 acre lot with views and greenway access.

    710 Canyon Pkwy, Canyon, TX 79015
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    Land with Runway Access
    $72,000
    1.85 Acres

    Land with Runway Access

    Land available at Buffalo Airport with direct runway access.

    14010 Buffalo Airport Rd, Amarillo, TX 79118
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    Hereford Commercial Property on Corner
    $350,000
    0.57 Acres

    Hereford Commercial Property on Corner

    Corner lot with high traffic, great business potential.

    316 N 25 Mile Ave, Hereford, TX 79045
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    Texas Land Near Canyon
    $84,000
    10.01 Acres

    Texas Land Near Canyon

    10-acre homesite with frontage on paved road near Canyon, TX.

    33241 S Fm 1705, Canyon, TX 79015
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    20-Acre Homesite Near Canyon, TX
    $175,000
    20.00 Acres

    20-Acre Homesite Near Canyon, TX

    20-acre homesite near Canyon, TX, suitable for livestock.

    1062 Tract 4, Canyon, TX 79015
    View details
    Amarillo Land in Timbercreek Canyon
    $72,000
    2.23 Acres

    Amarillo Land in Timbercreek Canyon

    2.23 acre tract in Timbercreek Canyon, Amarillo, TX.

    2.23 Acre Timbercreek Tract, Amarillo, TX 79118
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    Prime Canyon Corner Acreage
    $5,500,000

    Prime Canyon Corner Acreage

    19.64-acre hard corner parcel with high visibility and development potential.

    8691 W Country Club Rd, Canyon, TX 79015
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    Hereford TX Commercial Property
    $399,000
    4,884 SF

    Hereford TX Commercial Property

    Commercial property for sale in Hereford, Texas.

    344 E 3Rd St, Hereford, TX 79045
    View details
    Commercial Land in Canyon, TX
    $750,000
    221,285 SF

    Commercial Land in Canyon, TX

    Five acre commercial land tract with highway frontage.

    6110 4Th Ave, Canyon, TX 79015
    View details

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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
    Palo Duro Real Estate
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