Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    121 LAGO VISTA Street Amarillo, TX 79118

    View on Map
    For Sale
    $150,000

    LAND - Amarillo, TX

    Lot size:
    0.22 Acres
    Added:
    Jan 28, 2026
    Days on Market:
    65
    Last Refresh:
    Apr 3 at 8:06 pm

    Property Features for 121 LAGO VISTA Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    142457
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Description
    LAKEVIEW ESTATES, TRACT 8, 0.2200 ACRES

    We can help!

    Listing Contact
    Amanda Bell

    Listing agent Amanda Bell

    Listing office RockOne Realty, LLC 14422 FM 2590, Amarillo, TX

    Listing date Jan 28, 2026

    MLS# 25-10270 Listing URL

    Copyright © 2026 Amarillo Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land in Gated Community

    This 0.22-acre lot is located within the gated community of Lake Tanglewood in Amarillo, Texas. The property offers the opportunity to build a custom home or simply enjoy the amenities of the private community. Lake Tanglewood features an 18-hole golf course, church, fire department, cafe, tennis and basketball courts, and an event center. Residents also have access to a gas station within the community. The area is known for its peaceful environment and abundance of wildlife, making it suitable for golf cart rides.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Realty Central Real Estate Agency

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Auto Parts Store Department Store Grocery & Convenience Store Bar & Pub Veterinary Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -101.791023
    Latitude
    35.069824

    Nearby Similar for Sale

    • $990,000
      2,520 SF

      Versatile Commercial Space in Amarillo

      Commercial property with updated offices, multiple amenities, and development potential.
      512 NE 2nd Avenue, Amarillo, TX 79107
      View Details
    • $700,000

      Commercial Property in Southwest Amarillo

      Functional commercial space with great access and visibility.
      4533 CANYON Drive, Amarillo, TX 79110
      View Details
    • $319,900
      2,640 SF

      Commercial Property Near Downtown Amarillo

      Versatile commercial space near I-40 and downtown in Opportunity Zone.
      1515 S GARFIELD Street, Amarillo, TX 79102-4222
      View Details
    • $500,000
      4,609 SF

      Professional Office Property in Amarillo

      Versatile office property with mature landscaping and recent parking upgrades.
      1721 S Tyler Street, Amarillo, TX 79102
      View Details
    • $2,500,000
      5,201 SF

      Commercial Property in Southwest Amarillo

      Two-building commercial property with eight spaces in rapidly expanding area.
      6103 S COULTER Street, Amarillo, TX 79119-6750
      View Details
    • $290,000
      3,916 SF

      Office and Warehouse Blend

      Updated office and warehouse space near I-40 and downtown.
      1502 S LIPSCOMB Street, Amarillo, TX 79102-2603
      View Details
    • $499,000
      924 SF

      Highway Frontage Commercial Opportunity

      5-acre commercial property with highway frontage, redevelopment potential.
      935 E FM 1151, Amarillo, TX 79118-4224
      View Details
    • $1,190,000
      5,200 SF

      Turn-Key Amarillo Commercial Property

      Versatile commercial property with event space and residential loft.
      118 S TAYLOR Street, Amarillo, TX 79101-1549
      View Details
    • $635,000
      26,856 SF

      Amarillo Church and School Facility

      7.65-acre property with redevelopment potential in Amarillo, Texas.
      2800 NW 9th Avenue, Amarillo, TX 79106
      View Details
    • $550,000
      10,559 SF

      Event Venue with Expansion Potential

      Commercial event venue with unfinished expansion space in Amarillo, TX.
      3300 SE 10TH Avenue, Amarillo, TX 79104-2604
      View Details
    • $344,000
      3,864 SF

      Amarillo Multi-Family Investment Opportunity

      Triplex and Duplex sold together, offering five units total.
      3701 S VAN BUREN Street, Amarillo, TX 79110-1500
      View Details
    • $220,000
      6,280 SF

      Industrial Warehouse with Office Space

      Industrial warehouse with office space in Amarillo, Texas.
      712 SW 5TH Avenue, Amarillo, TX 79101-1220
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot in Lake Tanglewood, Amarillo, TX.
    Where is this residential land & home lot located?
    The property is located at 121 LAGO VISTA Street Amarillo, TX.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: Gated community of Lake Tanglewood; Access to all Lake Tanglewood amenities; Enjoy the 18‑hole golf course
    (806) 599-9900
    We can help!
    Listing Contact
    Amanda Bell
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!