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    10777 Western St Palisades, TX 79118

    Sponsored
    For Sale
    Contact for pricing

    7.42 Acres, Expandable to 9.53

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 7.42-acre commercial and industrial land parcel presents a prime development opportunity in Amarillo, Texas. Located in Randall County, at 10777 S Western St, zip code 79118, this property boasts convenient access to major transportation arteries. It sits just one mile south of the loop and two miles west of I-27, ensuring excellent visibility and accessibility. The property's zoning is OCL (Outside City Limits). A significant advantage is the possibility of acquiring an adjacent 2.11-acre parcel, expanding the total acreage to 9.53 acres, significantly increasing development potential. This strategic location offers proximity to Perry Williams' new Beacon Pointe residential development, creating a synergistic environment for various commercial ventures. While a portion of the land is situated within a flood zone, this feature actually benefits drainage. To facilitate a smooth development process, a survey, final plat, and Phase 1 environmental report are readily available for review. This comprehensive package makes due diligence straightforward and expedites the development timeline. This is an exceptional opportunity for developers seeking a large, well-located tract of land with significant expansion potential in a rapidly growing area.

    Property Features for 10777 Western St

    General Information

    Property type
    Land
    Lot Size
    91,912 SF

    HighLights

    • 7.42‑acre commercial/industrial land parcel available for development in Amarillo, TX, one mile south of the loop.
    • Located across from Perry Williams' Beacon Pointe residential development.
    • Excellent highway access: two miles west of I‑27 and one mile south of the loop.
    • Potential to acquire adjacent 2.11 acres, totaling 9.53 acres.
    • Flood zone in rear portion improves drainage.
    • Survey, final plat, and Phase I environmental report available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Department Store Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Palisades
    County
    Randall
    State
    Texas
    Longitude
    -101.883612
    Latitude
    35.0997622

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    FAQs

    What type of property is this?
    Land - 7.42 Acres, Expandable to 9.53
    Where is this land located?
    The property is located at 10777 Western St Palisades, TX.
    What are key features of this property?
    This property features: 7.42-acre commercial/industrial land parcel available for development in Amarillo, TX, one mile south of the loop.; Located across from Perry Williams' Beacon Pointe residential development.; Excellent highway access: two miles west of I-27 and one mile south of the loop.
    Request Owner's contact information
    10777 Western St Palisades, TX 79118
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    Palisades, 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
    10777 Western St Palisades, TX 79118
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