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    The Largest CRE Database in the US with Over 1 Million Listings

    Cathy Derr, Amarillo, TX

    License ID: TX 0412282
    Gaut Whittenburg Emerson Cre
    Association
    North Texas Commercial Association Of Realtors

    Service Locations

    Georgia

    Texas

    Contact details

    Phone:
    (806) 373-3111
    Office Address:
    600 Styler Ste 101, Amarillo, TX, 79101

    Performance

    Listings
    19

    Listings

    For Sale (13)

    View map
    • Contact for pricing
      1.80 Acres

      Prime Amarillo Commercial Land

      1.8-Acre Lot, High Visibility
      0 Bell At Hollywood - Cor, Amarillo, TX 79110
      View Details
    • Contact for pricing
      2.67 Acres

      Amarillo Commercial Land - 2.67 Acres

      Prime Amarillo location, Light Commercial zoning, 2.67 acres.
      0 Hollywood Rd, Amarillo, TX 79109
      View Details
    • Contact for pricing
      1.56 Acres

      Hollywood Rd Commercial Land

      1.56 Acres, Light Commercial Zoning, Amarillo, TX
      0 Hollywood Rd, Amarillo, TX 79110
      View Details
    • $5,000,000
      5.80 Acres

      Prime Columbus Commercial Land

      5.8 Acres, High-Traffic Location
      0 Us-27, Butler, GA 31039
      View Details
    • Contact for pricing
      27.30 Acres

      Prime Amarillo Commercial Land

      27.3 Acres, Heavy Commercial Zoning
      0 Whitaker Rd, Amarillo, TX 79118
      View Details
    • $3,975,000
      20,884 SF

      Copper Ridge Center: Amarillo Retail

      Thriving Amarillo retail center, 20,884 SF, 6% cap rate.
      6801 Bell St, Amarillo, TX 79109
      View Details
    • $1,600,000
      15,748 SF

      I-27 & S Bonham Property

      Property with excellent accessibility and visibility at I-27 & S Bonham.
      4101 Canyon Dr, Amarillo, TX 79110
      View Details
    • $677,740

      Prime Land Near Randall High

      Highly accessible commercial land adjacent to residential development and school.
      Hollywood Rd, Amarillo, TX 79118
      View Details
    • $1,425,196

      Borger Land Investment Opportunity

      Industrial-zoned land in prime location with development possibilities.
      1700 S Main St, Borger, TX 79007
      View Details
    • $546,000

      Development Land Near Whitaker Road

      Land parcel with utilities access near I-40.
      2330 S Whitaker Rd, Amarillo, TX 79118
      View Details
    • $751,680
      41,760 SF

      High-Visibility Retail Lot on Soncy

      Retail lot with frontage on S. Soncy Road.
      4601 S Soncy Rd, Amarillo, TX 79119
      View Details
    • Contact for pricing

      Prime Land Parcel For Sale

      1.56-acre land with utilities and frontage on Hollywood/Loop 335.
      8626 Olympia Dr, Amarillo, TX 79110
      View Details
    • $5,000,000

      Prime Commercial Land Opportunity

      High-traffic commercial land suitable for various developments.
      2727 Phillips Dr, Amarillo, TX 79109
      View Details

    For Lease (6)

    View map
    • $3 SF/Yr
      1,887 SF

      Amarillo Blvd East Commercial Space

      High-traffic corner lot, versatile space.
      1606 Amarillo Blvd, Amarillo, TX 79107
      View Details
    • $13 SF/Yr
      104,531 SF

      Amarillo Executive Office Suites

      Prime Amarillo location, multiple suites available
      1619 Kentucky St, Amarillo, TX 79102
      View Details
    • Contact for pricing
      19,000 SF

      Valley Plaza Shopping Center

      Neighborhood centers • 19,000 SF
      311 Hastings Ave, Amarillo, TX 79108
      View Details
    • $14 SF/Yr
      20,844 SF

      Copper Ridge Shopping Center

      Neighborhood centers • 20,844 SF
      6801 Bell St, Amarillo, TX 79109
      View Details
    • $1,500 /Mo
      3,400 SF

      Retail Spaces Available for Lease

      Retail spaces available in a bustling area with property restrictions.
      307 E Hastings Ave, Amarillo, TX 79108
      View Details
    • $600 /Mo

      I-40 Frontage Ground Lease

      High-visibility ground lease along I-40 in East Amarillo.
      3500 SE 16Th Ave, Amarillo, TX 79104
      View Details

    Leases and Sales on Map

    • For Sale
    • For Lease

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    Cathy Derr, Amarillo, TX
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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.

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