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    I-40 South Amarillo, TX 79124

    For Sale
    $6,534,000

    30-Acre Farm, I-40 Access, Development Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    Exceptional 30-acre farm located just west of Amarillo, Texas, on the Interstate I-40 service road near Bushland. Priced at $6,534,000 ($5/sq ft), this prime property offers significant development potential outside city limits, yet conveniently close to Amarillo (5 minutes away). The land is ideal for a variety of uses, including light industrial manufacturing, business storefronts, warehousing, a business park, medical center, or truck parking center (excluding scrapyards). The property is readily subdividable to meet specific needs. Utilities are readily accessible, with electricity available on the road and water obtainable via well. This location benefits from its proximity to the growth corridor west of Amarillo along the Interstate, making it an attractive investment for long-term investors and developers seeking unrestricted development opportunities. No comparable properties of this size and price are available in the immediate area. This presents a unique chance to acquire a substantial tract of land with exceptional potential for future development and significant return on investment.

    Property Features for I-40 South

    General Information

    Property type
    Farms

    HighLights

    • Exceptional 30‑acre development opportunity at the city limits, offering unrestricted build potential.
    • 30 acres available, with subdivision options to suit buyer needs.
    • Unbeatable price of $5.00 per square foot; no comparable properties available nearby.
    • Significant development potential; ideal for long‑term investors and developers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -102.04566052967
    Latitude
    35.190539981257

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    FAQs

    What type of property is this?
    Farm - 30-Acre Farm, I-40 Access, Development Ready
    Where is this farm located?
    The property is located at I-40 South Amarillo, TX.
    What is the asking price?
    The asking price for this property is $6,534,000.
    What are key features of this property?
    This property features: Exceptional 30-acre development opportunity at the city limits, offering unrestricted build potential.; 30 acres available, with subdivision options to suit buyer needs.; Unbeatable price of $5.00 per square foot; no comparable properties available nearby.
    Request Owner's contact information
    I-40 South Amarillo, TX 79124
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    Amarillo, TX 79124
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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
    I-40 South Amarillo, TX 79124
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