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    12481 Montana Way Amarillo, TX 79118

    For Sale
    $95,000

    LAND - Amarillo, TX

    Lot size:
    1.20 Acres
    Days on Market:
    102
    Last Refresh:
    Dec 5 at 2:06 pm

    Property Features for 12481 Montana Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    167875
    Lot size
    1.20 Acres

    Palo Duro Real Estate (806) 476-0583

    Listing agent Annie Miller

    Listing date Aug 26, 2025

    MLS# 25-7457 Listing URL

    Copyright © 2025 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

    River Falls Air Park Hangar

    This is a tremendous opportunity to own a hangar lot in River Falls Air Park. The lot, located at 12481 Montana Way, Amarillo, TX 79118, is approximately 1.2000 acres. It is located a short distance from Amarillo, Bushland, Canyon, Claude, and Palo Duro Canyon, and a short drive from Buccee's. This Montana Way lot provides ease of travel from a short taxi to the runway. The River Falls Airport POA includes access to a 500+ acre wildlife refuge with fishing, hiking trails, biking, ATV trails, an equestrian center, a driving range, and a 9-hole golf course. The refuge contains waterfalls, rock formations, and wildlife such as Aoudad sheep, mule deer, whitetail, and various birds. Exploration is encouraged.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Aviation real estate

    Suggested Use

    Restaurant Storage Facility Bed & Breakfast Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -101.757615
    Latitude
    35.08186

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    FAQs

    What type of property is this?
    Aviation real estate - Hangar lot in River Falls Air Park near Amarillo.
    Where is this aviation real estate located?
    The property is located at 12481 Montana Way Amarillo, TX.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: - 1.2 Acre Hangar Lot at River Falls Air Park; - Access to River Falls Airport POA Amenities; - Enjoy a 500+ Acre Wildlife Refuge with Fishing
    (806) 476-0583
    Request Owner's contact information
    12481 Montana Way Amarillo, TX 79118
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    Amarillo, TX 79118
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    Realmo Value Estimation

    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.

    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.

    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
    12481 Montana Way Amarillo, TX 79118
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