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    920 Fm 1151 Amarillo, TX 79118

    Sponsored
    For Lease
    $14 SF/Yr ($4,000 /Mo)

    Free-standing retail building, 3,318 sq ft, 2.51 acres.

    Lot size:
    3,318 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 3,318-square-foot free-standing retail building is situated on a prominent 2.51-acre lot at the northeast corner of Washington (FM 1541) and Claude Highway (FM 1151) in Randall County. Built in 2012, the property boasts a convenient location with high visibility. The building, previously used as a convenience store, offers significant potential for a variety of retail uses. The property includes a well and septic system. A drive-through option is a possibility, enhancing its appeal to prospective tenants. The zoning is OCL. Please note that restrictive covenants prohibit the sale of car wash services, oil change services, motor vehicle lubrication services, check cashing services, grocery items, beer or wine for off-premises consumption, tobacco products, lottery tickets, motor fuel, fountain drinks, or teas. These covenants are binding on all future owners. This property presents a unique opportunity for an investor or business owner seeking a high-traffic location with ample space and development potential. The property's size and location make it an ideal investment for a variety of retail businesses.

    Property Features for 920 Fm 1151

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,318 SF
    Total Rate
    4000.96

    Building Details

    Year Built
    2012

    Unit(s) available at that property

    Space
    Size
    3,318 SF
    Rate per SF
    $14

    HighLights

    • Prime retail location at the NE corner of Washington (FM 1541) & Claude Hwy (FM 1151).
    • 2.51‑acre lot with existing well and septic.
    • 3,318 SF freestanding building, previously used as a convenience store.
    • Potential for drive‑through installation.
    • OCL zoning in Randall County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Freestanding property

    Suggested Use

    Auto Repair Shop Clothing Store Department Store Storage Facility Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -101.8477731
    Latitude
    35.0917991

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    FAQs

    What type of property is this?
    Individual retail property - Free-standing retail building, 3,318 sq ft, 2.51 acres.
    Where is this individual retail property located?
    The property is located at 920 Fm 1151 Amarillo, TX.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Prime retail location at the NE corner of Washington (FM 1541) & Claude Hwy (FM 1151).; 2.51-acre lot with existing well and septic.; 3,318 SF freestanding building, previously used as a convenience store.
    Request Owner's contact information
    920 Fm 1151 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
    920 Fm 1151 Amarillo, TX 79118
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