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

    I-27 At Sundown Cor Amarillo, TX 79119

    • Land
    • 450.00 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for I-27 At Sundown Cor

    Lot size
    450.00 lot acres
    Property type
    Land

    Description

    This exceptional 450-acre commercial land parcel presents a unique investment opportunity in Amarillo, Texas. Located on the highly trafficked east side of I-27, just south of Sundown Lane, this property boasts unparalleled visibility and accessibility for businesses seeking maximum exposure. The site is zoned OCL (Outside City Limits) in Randall County, offering flexibility for a wide range of commercial developments. With a land value of $10 per square foot, this represents a significant opportunity to acquire a substantial tract of land in a prime location. The property's substantial size and prime I-27 frontage make it ideal for large-scale commercial projects, including retail centers, service stations, or other businesses requiring high visibility and convenient access for customers. The location ensures easy access for northbound travelers and commuters, providing a strong foundation for attracting a large customer base. This is a rare chance to secure a strategically positioned property with immense potential for growth and return on investment in a rapidly developing area. The $4.00 per square foot price for front pad sites offers additional development possibilities. Detailed zoning information and site plans are available upon request.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -101.918
    Latitude
    35.0777

    Comparable in this City

    • Value Estimation by Request
      4.21 Acres

      6100 Coulter St

      Land • 4.21 Acres
      6100 Coulter St, Amarillo, TX 79119
      View Details
    • Value Estimation by Request
      1.17 Acres

      7616 Jackelope Trl

      Land • 1.17 Acres
      7616 Jackelope Trl, Amarillo, TX 79119
      View Details
    • Value Estimation by Request
      1.19 Acres

      2219 And Helium Rd

      Land • 1.19 Acres
      2219 And Helium Rd, Amarillo, TX 79119
      View Details
    • Value Estimation by Request
      44.05 Acres

      Hollywood Rd

      Land • 44.05 Acres
      0 Hollywood Rd, Amarillo, TX 79119
      View Details
    • Value Estimation by Request
      5.31 Acres

      15101 I-27

      Land • 5.31 Acres
      15101 I-27, Amarillo, TX 79119
      View Details
    • Value Estimation by Request
      10.77 Acres

      Of Pineridge Amarillo Tx

      Land • 10.77 Acres
      0 Of Pineridge Amarillo Tx, Amarillo, TX 79119
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7.46 Acres

      Amarillo Commercial Land Investment

      7.46 Acres, High Visibility, SW Amarillo
      0 Soncy At Hollywood, Amarillo, TX 79119
      View Details
    • Contact for pricing
      1.10 Acres

      Amarillo Commercial Land - Loop 335

      Prime Amarillo land, multiple lots available.
      NEC New Loop 335/Helium Rd & Hollywood Rd, Amarillo, TX 79119
      View Details
    • Contact for pricing
      0.84 Acres

      Amarillo Commercial Land - Prime Location

      High-visibility lot, ready for development.
      0 Of Hillside, Amarillo, TX 79119
      View Details
    • $175,000
      1.17 Acres

      Amarillo Commercial Land - 1.17 Acres

      Prime Amarillo commercial lot, build-to-suit.
      7632 Jackelope Trl, Amarillo, TX 79119
      View Details
    • Contact for pricing
      26.00 Acres

      I-27 Amarillo Commercial Land

      High-traffic, divisible land near Amarillo.
      I-27 At Fm 2219, Amarillo, TX 79119
      View Details
    • Contact for pricing

      Amarillo Commercial Land for Sale

      Prime Amarillo lots, various sizes.
      0 New Loop 335/Helium Rd Between Hillside, Amarillo, TX 79119
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      40,075 SF

      South Amarillo Commercial Land

      Prime 1-Acre Development Site
      8639 Coulter St, Amarillo, TX 79119
      View Details
    • $18 SF/Yr
      12,000 SF

      Prime Retail Space in Amarillo

      Two Suites Available, High-Traffic Location
      0 Buccola & Soncy - The Markets At Soncy, Amarillo, TX 79119
      View Details
    • $21 SF/Yr
      2,223 SF

      Modern Office Space in Amarillo

      Prime Amarillo address with modern office spaces and ample parking.
      7759 Hillside Rd, Amarillo, TX 79119
      View Details
    • $24 SF/Yr
      2,259 SF

      Modern Retail Space on Hillside

      Finished retail space in high-traffic Amarillo location.
      7410 Hillside Rd, Amarillo, TX 79119
      View Details
    • $16 SF/Yr
      1,508 SF

      Retail Space in Growing Amarillo

      Retail space for rent in rapidly growing SW Amarillo.
      8801 Buccola Ave, Amarillo, TX 79119
      View Details
    • $20 SF/Yr
      2,500 SF

      Prime Randall County Retail Space

      2,500 SF Retail Space Available Now
      7401 45Th Ave, Amarillo, TX 79119
      View Details
    Request Owner's contact information
    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-27 At Sundown Cor
    Amarillo, TX 79119
    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.

    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
    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.