Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5595 Plum Creek Dr Amarillo, TX 79124

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime Amarillo development land, divisible, $1.05M

    Property Features for 5595 Plum Creek Dr

    General Information

    Property type
    Land
    Lot Size
    395,960 SF

    We can help!

    Listing Contact
    Holly Coats, Cpa, Ccim
    Holly Coats, Cpa, Ccim

    Listing Agency: KW Commercial Listing Agent: Holly Coats, Cpa, Ccim

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

    Learn more

    Overview

    This exceptional 9.09-acre commercial land parcel in Amarillo, Texas, presents a remarkable investment opportunity. Located at 5595 Plum Creek Dr., in Potter County, zip code 79124, this unimproved property is ideally situated in Northwest Amarillo, strategically positioned between two burgeoning residential communities. Its Commercial zoning allows for diverse development possibilities, including multi-family housing, a retirement center, or a mixed-use project. The asking price is $1,050,000, translating to a land value of $2.65 per square foot. The property's significant size and convenient access from Amarillo Boulevard or Tascosa Road enhance its appeal. Furthermore, the flexibility to divide the land into smaller parcels provides added development potential, catering to a wider range of projects and investors. This prime location and versatile zoning make this a highly attractive proposition for developers seeking a substantial land holding in a rapidly growing area of Amarillo.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Potter
    State
    Texas
    Longitude
    -101.90540635542
    Latitude
    35.217831529474

    Nearby Similar for Sale

    • $345,000
      1,990 SF

      Refined Office Space in Amarillo

      Functional office space with fireplaces, conference area, and kitchen/break room.
      2700 S Western St, Amarillo, TX 79109
      View Details
    • $369,000
      Pending

      Office & Warehouse with Expansion

      Versatile commercial property with office, warehouse, and room to grow.
      1041 N Forest St, Amarillo, TX 79106
      View Details
    • New
      $700,000
      0.52 Acres

      Commercial Property in Southwest Amarillo

      Functional commercial space with great access and visibility.
      4533 Canyon Dr, Amarillo, TX 79110
      View Details
    • New
      $205,000
      3,360 SF

      Amarillo Commercial Building on Corner

      Commercial building with large offices, conference room, and ample parking.
      501 N Arthur St, Amarillo, TX 79107
      View Details
    • New
      $2,500,000
      5,201 SF

      Commercial Property in Southwest Amarillo

      Two-building commercial property with eight spaces in rapidly expanding area.
      6103 S Coulter St, Amarillo, TX 79119
      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 St, Amarillo, TX 79102
      View Details
    • $749,000
      2,280 SF

      Amarillo Commercial Property with Residence

      Versatile property with shop, residence, and acreage in Amarillo.
      2501 Trammel Ave, Amarillo, TX 79118
      View Details
    • New
      $525,000
      3,418 SF

      Versatile Commercial Building in Amarillo

      Updated commercial building with high visibility in central Amarillo.
      4500 Ste A&B, Amarillo, TX 79106
      View Details
    • $130,000
      1,328 SF

      Versatile Commercial Property in Amarillo

      Commercial property with warehouse, showroom, and secure outdoor space.
      3507 W Amarillo Blvd, Amarillo, TX 79106
      View Details
    • $850,000
      15,976 SF

      Large Commercial Building on Spade Drive

      Versatile commercial building suitable for retail, event center, gym, church.
      3506 Spade Dr, Amarillo, TX 79104
      View Details
    • $149,000
      1,800 SF

      Amarillo Commercial Property For Sale

      Commercial property in Amarillo, Texas, featuring secure fenced yard.
      415 NE 3Rd Ave, Amarillo, TX 79107
      View Details
    • New
      $500,000
      4,609 SF

      Professional Office Property in Amarillo

      Versatile office property with mature landscaping and recent parking upgrades.
      1721 S Tyler St, Amarillo, TX 79102
      View Details

    FAQs

    What type of property is this?
    Land - Prime Amarillo development land, divisible, $1.05M
    Where is this land located?
    The property is located at 5595 Plum Creek Dr Amarillo, TX.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: Large development parcel.; Excellent access from Amarillo Blvd and Tascosa Rd.; Subdividable.
    (806) 359-4000 Call to check price and availability
    Request Owner's contact information
    5595 Plum Creek Dr Amarillo, TX 79124
    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.
    5595 Plum Creek Dr
    Amarillo, TX 79124
    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
    5595 Plum Creek Dr Amarillo, TX 79124
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Holly Coats, Cpa, Ccim
    Holly Coats, Cpa, Ccim
    Real Estate License ID: 606152
    (806) 359-4000 (806) 683-1330
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!