Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Land Near Lake Tanglewood Title is generated by Realmo AI

    12407 Tanglewood Rd, Amarillo, TX 79118

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land near Lake Tanglewood ideal for workshop or storage.

    Type:Land
    Lot size:
    0.23 Acres
    Added:
    Jan 13, 2026
    Days on Market:
    132
    Last Refresh:
    Mar 17 at 1:20 pm

    Property Features for 12407 Tanglewood Rd

    General Information

    Standard status
    Active
    Lot size
    0.23 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Kirk Chudej
    Kirk Chudej

    Listing agent Kirk Chudej License #TX 604402

    Listing office FIMC Commercial Realty

    Listing date Jan 13, 2026

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of FIMC Commercial Realty

    HighLights

    • Land close to Lake Tanglewood.
    • Outside city limits, offering a peaceful setting.
    • Suitable for workshop or storage space.
    • Flexible lot options: Lot 1 (95x105) for $85,000; Lots 2&3 (50x75) for $75,000 each.
    • Convenient access to River Falls Airport and Amarillo Dragway.
    • Potential for personal hobbies or investment.

    Overview

    Located at PALISADES at 12407 TANGLEWOOD ROAD in Amarillo, Texas, this property presents an opportunity to own land near Lake Tanglewood. It is suitable for a workshop or storage space. Situated outside city limits, the property offers a peaceful setting with access to River Falls Airport and Amarillo Dragway. Lot 1 measures 95x105 and is listed for $85,000. Lots 2&3 each measure 50x75 and are available for $75,000 per lot. The location is suitable for personal hobbies or investment opportunities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Dental Office Auto Repair Shop Department Store Bar & Pub Storage Facility 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
    -101.7946251
    Latitude
    35.0784773

    Nearby Similar for Sale

    • $680,000
      6,250 SF

      Functional Commercial Property in Amarillo

      Commercial property with office and shop areas in Amarillo, Texas.
      4533 CANYON Drive, Amarillo, TX 79110
      View Details
    • $850,000
      10,300 SF

      Downtown Amarillo Flex Building

      Remodeled flex building with showroom, warehouse, and office space.
      701 SE 10TH Avenue, Amarillo, TX 79101-3613
      View Details
    • $425,000
      8,448 SF

      Former Truck Shop with Bays

      Functional commercial property with bay areas, ideal for automotive use.
      3801 SE 22ND Avenue, Amarillo, TX 79103-6103
      View Details
    • $895,000
      2,130 SF

      Established Auto Repair Business

      Profitable auto repair business and real estate for sale.
      1601 S WASHINGTON Street, Amarillo, TX 79102-2661
      View Details
    • $1,200,000
      13,600 SF

      Amarillo Commercial Property on I-40

      1.18-acre commercial property with 13,600 SF rentable space.
      11403 W INTERSTATE 40, Amarillo, TX 79124-2312
      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
    • $2,500,000
      10,402 SF

      Commercial Property in Southwest Amarillo

      Two-building commercial property with eight units in growing Amarillo area.
      6103 S COULTER Street, Amarillo, TX 79119-6750
      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
    • $324,500
      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
    • $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
    • $1,189,000
      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
    • $825,000
      7,600 SF

      Amarillo Commercial Flex Space

      New commercial property with office and warehouse space for sale.
      8501 CARGO Lane, Amarillo, TX 79118-6471
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land near Lake Tanglewood ideal for workshop or storage.
    Where is this commercial land located?
    The property is located at 12407 Tanglewood Rd Amarillo, TX.
    What is the asking price?
    The asking price for this property is $85,000.
    What are key features of this property?
    This property features: Land close to Lake Tanglewood.; Outside city limits, offering a peaceful setting.; Suitable for workshop or storage space.
    (806) 358-7151 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kirk Chudej
    Kirk Chudej
    Real Estate License ID: TX 604402
    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

    Thank You for Inquiry
    12407 Tanglewood Rd, Amarillo, TX 79118
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!