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    502 W Farm To Market Rd, Unit 1151 Amarillo, TX 79118

    For Sale
    $500,000

    LAND - Amarillo, TX

    Property size:
    1,728 SF
    Lot size:
    9.49 Acres
    Days on Market:
    325
    Last Refresh:
    Dec 10 at 8:06 pm

    Property Features for 502 W Farm To Market Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    150013
    Size
    1,728 SF
    Lot size
    9.49 Acres

    Lyons Realty (806) 358-3900 [email protected]

    Listing agent Jennifer Johnson

    Listing date Jan 20, 2025

    MLS# 23-489 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

    Amarillo Land with Development Potential

    This 9.49-acre land parcel in Amarillo, Texas, presents a development opportunity near the intersection of Washington and Claude Highway. The property includes a portable building converted into a recreational space, featuring a mini kitchen, two bathrooms, and two flex rooms. An additional portable building, previously used as a contractor's site office, is also present. The site is equipped with electrical, well, and septic systems. Pipe fencing encloses the property. A shop with an overhead door is located on the premises, along with horse stalls and runs in the northwest corner.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -101.8433
    Latitude
    35.092601

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    FAQs

    What type of property is this?
    Commercial land - 9.49 acres near Washington/Claude Highway, suitable for commercial/residential development.
    Where is this commercial land located?
    The property is located at 502 W Farm To Market Rd, Unit 1151 Amarillo, TX.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: - Commercial/Residential Development Opportunity near Washington/Claude Highway intersection.; - Includes Electrical, Well, and Septic systems.; - Shop with Overhead Door.
    (806) 358-3900
    Request Owner's contact information
    502 W Farm To Market Rd, Unit 1151 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
    502 W Farm To Market Rd, Unit 1151 Amarillo, TX 79118
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