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    5307 Royce Dr Amarillo, TX 79110

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    For Sale
    $1,695,000

    Prime land in Amarillo, ideal for commercial or office development.

    Lot size:
    3.25 Acres

    Property Features for 5307 Royce Dr

    General Information

    Lot size
    3.25 Acres

    Source: Llano Real Estate Group Agent Josh Langham

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Amarillo Land for Development

    This property is located in the expanding Amarillo area and is suitable for land or office development. It offers potential for a distinctive enterprise and provides excellent visibility and accessibility. The property is strategically positioned in a rapidly growing area, presenting an opportunity for a range of profitable ventures. It is a promising location for commercial or office space.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -101.8771354
    Latitude
    35.1496234

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    FAQs

    What type of property is this?
    Commercial land - Prime land in Amarillo, ideal for commercial or office development.
    Where is this commercial land located?
    The property is located at 5307 Royce Dr Amarillo, TX.
    What is the asking price?
    The asking price for this property is $1,695,000.
    What are key features of this property?
    This property features: - Prime location in the expanding Amarillo area; - Ideal for land or office development; - Excellent visibility and accessibility for investors
    (806) 236-3736
    Request Owner's contact information
    5307 Royce Dr Amarillo, TX 79110
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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
    5307 Royce Dr Amarillo, TX 79110
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