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    Darren Mooneyham, Amarillo, TX

    License ID: 0507498
    Years of Experience
    16
    Association
    Amarillo Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (806) 358-7421
    Office Address:
    6110 SW 34th Ave, Amarillo, TX 79109

    Property Types

    • Commercial Sale
    • Land

    Performance

    Listings
    17
    Total transactions
    126
    Total transactions amount
    $19M
    Price range
    $101k - 227k
    Average price
    $151k

    Listings

    For Sale (17)

    View map
    • $36,500
      2.85 Acres

      Residential Land in Canyon, TX

      2.85 acre lot for residential development in Canyon, Texas.
      210 Prairie Pt, Canyon, TX 79015
      View Details
    • $780,000
      86.00 Acres

      Prime Land in Canyon, TX

      86+ acres in a rapidly developing area near Amarillo.
      208 Prairie Pt, Canyon, TX 79015
      View Details
    • $279,000
      10.18 Acres

      Amarillo Land Near Airport

      10.18 acres near Rick Husband International Airport.
      8800 Triangle Dr, Amarillo, TX 79107
      View Details
    • $279,000
      10.18 Acres

      Amarillo Land For Sale

      10.18 acres suitable for business, storage, housing, or restaurant.
      8800 Triangle Dr, Amarillo, TX 79107
      View Details
    • $240,000
      Pending

      Land with Lake Views

      9+/- acre lot with stunning lake and wildlife views.
      Canyon Pkwy, Canyon, TX 79015
      View Details
    • $169,000
      1.50 Acres

      Amarillo Commercial Hangar Lot

      Prime airport lot with custom hangar construction available.
      11880 Wild Horse Trl, Amarillo, TX 79118
      View Details
    • $169,000
      1.50 Acres

      Amarillo Airport Hangar Lot

      Prime airport lot with custom hangar construction available.
      11840 Wild Horse Trl, Amarillo, TX 79118
      View Details
    • $169,000
      1.50 Acres

      Amarillo Airport Hangar Lot

      Prime airport lot with custom hangar construction available.
      11800 Wild Horse Trl, Amarillo, TX 79118
      View Details
    • $169,000
      1.99 Acres

      Amarillo, TX Hanger Lot

      Prime airport lot with custom hanger construction available.
      12251 Montana Way, Amarillo, TX 79118
      View Details
    • $189,000
      1.50 Acres

      Amarillo Land with Hanger Potential

      Prime airport lot with custom hanger construction available.
      11921 Equestrian Trl, Amarillo, TX 79118
      View Details
    • $189,000
      1.50 Acres

      Amarillo Airport Hangar Lot

      Prime airport lot with custom hangar construction available.
      11881 Equestrian Trl, Amarillo, TX 79118
      View Details
    • $30,600
      2.94 Acres

      Amarillo Land For Sale

      2.94 acres of land available between Amarillo and Canyon.
      816 Canyon Pkwy, Canyon, TX 79015
      View Details
    • $30,600
      2.94 Acres

      Amarillo, TX Land For Sale

      2.94 acre land for development in restricted community.
      211 Prairie Pt, Canyon, TX 79015
      View Details
    • $30,600
      2.94 Acres

      Amarillo Land For Development

      2.94 acre lots for development in Amarillo, Texas.
      215 Prairie Pt, Canyon, TX 79015
      View Details
    • $74,950
      2.00 Acres

      Land Near Canyon Country Club

      Acreage available near Canyon, TX, with flexible building options.
      20100 Crk Rdg, Canyon, TX 79015
      View Details
    • $74,950
      2.00 Acres

      Amarillo Land for Sale

      Acreage near Canyon Country Club with no HOA.
      20200 Crk Rdg, Amarillo, TX 79015
      View Details
    • $780,000

      Canyon Commercial Land Opportunity

      86+ Acres, Prime Development Land
      208 Prairie Pt, Canyon, TX 79015
      View Details

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    Darren Mooneyham, 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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    Darren Mooneyham, Amarillo, TX
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