Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    I-40 Rd Amarillo, TX 79124

    For Sale
    $4,500,000

    20 Acres, High Visibility, I-40 Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 20-acre property boasts a prime location at the southwest corner of I-40 and Hope Road in Amarillo, Texas, within Potter County. Zoned AG - Agricultural, this versatile land offers significant potential for commercial development. The asking price is $4,500,000. Its high visibility and convenient access to Interstate 40 make it an ideal site for a variety of businesses seeking high traffic exposure. The property is currently offered as a whole, but the seller is open to dividing the land into parcels ranging from 5 to 20 acres, providing flexibility for different development needs. This presents a unique opportunity to acquire a substantial tract of land in a rapidly growing area of Amarillo, offering excellent potential for return on investment. The property's address is clearly identifiable at the intersection of I-40 and Hope Road, SWC, Amarillo, TX 79124. The latitude and longitude coordinates are 35.1908129, -102.0472262 respectively. Serious inquiries are encouraged to explore the possibilities of this strategically located land.

    Property Features for I-40 Rd

    General Information

    Property type
    Farms
    Lot Size
    871,200 SF

    HighLights

    • High‑visibility location with convenient I‑40 access.
    • Commercial land only.
    • Divisible parcels ranging from 5 to 20 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Amarillo
    County
    Potter
    State
    Texas
    Longitude
    -102.0472262
    Latitude
    35.1908129

    Nearby Similar for Sale

    • $2,929,300

      Amarillo Portfolio of 12 Homes

      Portfolio of 12 homes in Amarillo, TX for sale.
      Amarillo, TX 79109
      View Details
    • $375,000
      0.51 Acres

      Multifamily Investment Opportunity in Amarillo

      Five units in two buildings, potential for owner financing.
      1403 S Hughes St, Amarillo, TX 79102
      View Details
    • $999,000

      New Multifamily Investment Opportunity

      New construction quadplex in Amarillo, TX, built for rental efficiency.
      4010 Clive Ave, Amarillo, TX 79118
      View Details
    • $620,000
      38.55 Acres

      Barndominium on 38+ Acres

      Barndominium on 38.55 acres near Amarillo with pond.
      18501 Gold Rd, Amarillo, TX 79124
      View Details
    • $180,000
      1,207 SF

      Updated Duplex in Amarillo, Texas

      Charming, updated duplex perfect for various living arrangements.
      3804 NE 26Th Ave, Amarillo, TX 79107
      View Details
    • $1,925,000
      11,776 SF

      Multifamily Investment in Amarillo, TX

      Multifamily property in Amarillo's Tierra Santa development, ideal for investors.
      16100 Del Sol Dr, Amarillo, TX 79119
      View Details

    FAQs

    What type of property is this?
    Farm - 20 Acres, High Visibility, I-40 Access
    Where is this farm located?
    The property is located at I-40 Rd Amarillo, TX.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: High-visibility location with convenient I-40 access.; Commercial land only.; Divisible parcels ranging from 5 to 20 acres.
    Request Owner's contact information
    I-40 Rd 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.
    I-40 Rd
    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 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 Rd 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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.