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    For Sale (30)

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    Residential Land in Lake Tanglewood
    $165,000
    0.39 Acres

    Residential Land in Lake Tanglewood

    Land for dream home with community amenities access.

    122 Bayshore Dr, Amarillo, TX 79118
    View details
    Turn-Key Amarillo Commercial Property
    $1,190,000
    5,200 SF

    Turn-Key Amarillo Commercial Property

    Versatile commercial property with event space and residential loft.

    118 S Taylor St, Amarillo, TX 79101
    View details
    Amarillo Land with Development Potential
    $34,000
    2.55 Acres

    Amarillo Land with Development Potential

    2.55 acres near Amarillo, TX, ideal for residential development.

    11810 Headquarters Rd, Amarillo, TX 79124
    View details
    Undeveloped Land in Valley De Oro
    $82,950
    16.59 Acres

    Undeveloped Land in Valley De Oro

    16.5 acres of land near Amarillo, Texas.

    Hurd Rd, Amarillo, TX 79124
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    Land Near Fritch Highway
    Contact for pricing
    0.25 Acres

    Land Near Fritch Highway

    Golden Acres land suitable for residential or commercial development.

    Cowden St, Amarillo, TX 79108
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    Residential Land in Bishop Estates
    $50,000
    1.51 Acres

    Residential Land in Bishop Estates

    1.50 acre lot to build your dream home.

    14301 Mile View Dr, Amarillo, TX 79124
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    Land Near Fritch Highway
    Contact for pricing
    0.25 Acres

    Land Near Fritch Highway

    Land suitable for residential or commercial development near Amarillo.

    L15 Cowden St, Amarillo, TX 79108
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    Amarillo Development Land For Sale
    $3,875,000
    155.55 Acres

    Amarillo Development Land For Sale

    155.55 acres of prime development land in Amarillo, Texas.

    S Whitaker Rd, Amarillo, TX 79118
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    Lake Tanglewood Land Opportunity
    $240,000
    4.12 Acres

    Lake Tanglewood Land Opportunity

    4.12 acres in Lake Tanglewood with lake and canyon views.

    120 Caprock Ln, Amarillo, TX 79118
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    Land in Prairie View Estates
    $37,000
    2.56 Acres

    Land in Prairie View Estates

    Homesite lot in Prairie View Estates near Amarillo, Texas.

    1400 Westline Rd, Wildorado, TX 79098
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    Land in Prairie View Estates
    $37,000
    2.56 Acres

    Land in Prairie View Estates

    Homesite lot in Wildorado, minutes from Amarillo.

    1350 Westline Rd, Wildorado, TX 79098
    View details
    Highway Frontage Commercial Opportunity
    $499,000
    924 SF

    Highway Frontage Commercial Opportunity

    5-acre commercial property with highway frontage, redevelopment potential.

    935 E Fm 1151, Amarillo, TX 79118
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    Commercial Land in Amarillo, TX
    $160,000
    0.69 Acres

    Commercial Land in Amarillo, TX

    Commercial property with frontage, ready for development in Amarillo.

    1500 N Western St, Amarillo, TX 79124
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    Amarillo Land Near Fritch Highway
    Contact for pricing
    0.18 Acres

    Amarillo Land Near Fritch Highway

    Land near Fritch Highway with development potential in Amarillo.

    Gloria St, Amarillo, TX 79108
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    Unrestricted Land in Appaloosa Hills
    Contact for pricing
    1.93 Acres

    Unrestricted Land in Appaloosa Hills

    1.93 acres of unrestricted land with development potential.

    1911 Skipper Trl, Amarillo, TX 79108
    View details
    Wildorado, TX Homesite Lot
    $37,000
    2.56 Acres

    Wildorado, TX Homesite Lot

    Homesite lot in Prairie View Estates, minutes from Amarillo.

    1250 Westline Rd, Wildorado, TX 79098
    View details
    Amarillo Land in Tangle Aire
    $106,000
    1.95 Acres

    Amarillo Land in Tangle Aire

    1.95-acre lot in Tangle Aire Estates, Amarillo, TX.

    3401 Tangle Aire Ln, Amarillo, TX 79118
    View details
    Land in Prairie View Estates
    $37,000
    2.56 Acres

    Land in Prairie View Estates

    Homesite lot in Prairie View Estates near Amarillo, Texas.

    1200 Westline Rd, Wildorado, TX 79098
    View details
    Amarillo, TX - 0.17-Acre Lot
    Contact for pricing
    0.17 Acres

    Amarillo, TX - 0.17-Acre Lot

    0.17-acre lot with easy access to downtown, schools, shopping.

    321 N Lamar St, Amarillo, TX 79106
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    Amarillo Land Near Fritch Highway
    Contact for pricing
    0.25 Acres

    Amarillo Land Near Fritch Highway

    Land near Amarillo with development potential and easy access.

    David St, Amarillo, TX 79108
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    Waterfront Lot in Gated Community
    $475,000
    0.36 Acres

    Waterfront Lot in Gated Community

    0.36-acre waterfront lot in Lake Tanglewood, a gated community.

    172 Dolphin Ter, Amarillo, TX 79118
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    Land in Gated Community
    $150,000
    0.22 Acres

    Land in Gated Community

    Residential lot in Lake Tanglewood, Amarillo, TX.

    121 Lago Vista St, Amarillo, TX 79118
    View details
    Amarillo Multifamily Investment Opportunity
    $2,683,900

    Amarillo Multifamily Investment Opportunity

    Portfolio of 12 homes in Amarillo, TX for sale.

    Amarillo, TX 79109
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    Land Near Fritch Highway
    Contact for pricing
    0.23 Acres

    Land Near Fritch Highway

    Land suitable for residential or commercial development near Amarillo.

    Smith Ave, Amarillo, TX 79108
    View details
    Amarillo Land Near Fritch Highway
    Contact for pricing
    0.24 Acres

    Amarillo Land Near Fritch Highway

    Land near Amarillo, ideal for residential or commercial development.

    Smith Ave, Amarillo, TX 79108
    View details
    Amarillo Land Near Fritch Highway
    Contact for pricing
    0.24 Acres

    Amarillo Land Near Fritch Highway

    Land near Fritch Highway with development potential in Amarillo, TX.

    Love Ave, Amarillo, TX 79108
    View details
    Amarillo Land Near Fritch Highway
    Contact for pricing
    0.23 Acres

    Amarillo Land Near Fritch Highway

    Land near Fritch Highway, ideal for residential or commercial development.

    Smith Ave, Amarillo, TX 79108
    View details
    Land in Prairie View Estates
    $37,000
    2.56 Acres

    Land in Prairie View Estates

    Homesite lot in a country setting near Amarillo, Texas.

    1300 Westline Rd, Wildorado, TX 79098
    View details
    Land in Prairie View Estates
    $37,000
    2.56 Acres

    Land in Prairie View Estates

    Homesite lot in a country setting near Amarillo.

    1650 Westline Rd, Wildorado, TX 79098
    View details
    Unrestricted Land in Appaloosa Hills
    Contact for pricing
    1.70 Acres

    Unrestricted Land in Appaloosa Hills

    1.7 acres of unrestricted land in a desirable location.

    1909 Skipper Trl, Amarillo, TX 79108
    View details

    For Lease (1)

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    Office Space in Pin Oak Plaza
    $800 / Mo

    Office Space in Pin Oak Plaza

    Office space available for rent in Amarillo, Texas.

    3419 S Coulter St, Amarillo, TX 79109
    View details

    Leases and Sales on Map

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    RockOne Realty, LLC
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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
    RockOne Realty, LLC
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