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    Way Amarillo, TX 79118

    For Sale
    $242,193

    5.56 Acres, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 5.56-acre commercial land parcel presents a remarkable opportunity in Amarillo, Texas. Strategically located at the entrance to River Falls, this flat, build-ready site boasts significant frontage on two major roadways: 625 feet on Claude Highway and 385 feet on John's Way. Its prime location ensures high visibility and accessibility, making it ideal for a wide range of commercial developments. The property is zoned for commercial use outside city limits, offering flexibility in development plans. With its expansive size and convenient access, this land is perfectly suited for businesses seeking a prominent presence in a rapidly growing area. The asking price is $242,193. The property is situated in Randall County, Texas, with a 79118 zip code. Its coordinates are 35.1042931 latitude and -101.7296049 longitude. This is a rare opportunity to acquire a substantial commercial lot in a desirable location with excellent visibility and development potential. Don't miss out on this chance to secure a prime piece of Amarillo real estate.

    Property Features for 0 Way

    General Information

    Property type
    Land
    Lot Size
    242,194 SF

    HighLights

    • Level, build‑ready lot.
    • 625 feet of frontage on Claude Highway.
    • 385 feet of frontage on Johns Way.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -101.7296049
    Latitude
    35.1042931

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    FAQs

    What type of property is this?
    Land - 5.56 Acres, High Visibility
    Where is this land located?
    The property is located at Way Amarillo, TX.
    What is the asking price?
    The asking price for this property is $242,193.
    What are key features of this property?
    This property features: Level, build-ready lot.; 625 feet of frontage on Claude Highway.; 385 feet of frontage on Johns Way.
    (806) 584-7365
    Request Owner's contact information
    Way Amarillo, TX 79118
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    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
    Way Amarillo, TX 79118
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