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    Roach Dr Amarillo, TX 79121

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    Roach Dr Amarillo, TX 79121

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    Cap Rate Potential
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    Current Use by Public Records

    • Land

    Property Details for 0 Roach Dr

    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional agricultural land parcel, located on Roach Drive in Amarillo, Texas (79121), presents a compelling investment opportunity. Situated conveniently just west of Soncy Road, this property boasts readily available city utilities, eliminating the need for costly infrastructure development. The zoning is designated AG - Agricultural, providing flexibility for various agricultural uses. The land is priced competitively at $10 per square foot, representing a strong value proposition in the current market. Its strategic location offers easy access to Interstate 40, ensuring seamless transportation and logistical advantages. This makes it ideal for farmers, ranchers, or investors seeking a well-positioned, utility-serviced agricultural tract in a rapidly growing area of Randall County. The property's proximity to Amarillo provides access to a robust support network for agricultural operations, including equipment suppliers, processing facilities, and a skilled workforce. This is a rare opportunity to acquire prime agricultural land with significant development potential and immediate utility access. Don't miss out on this exceptional investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -101.938
    Latitude
    35.1782

    Comparable in this City

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      0.09 Acres

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      0.19 Acres

      Amarillo, TX 79121

      COMMERCIAL (GENERAL) • 0.19 Acres
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      1,081 SF

      7480 Golden Pond Pl Ste, Unit 300

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    Similar Nearby for Sale

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      Land For Sale Amarillo, TX

      Land available for sale in Amarillo, Texas.
      Roach Dr, Amarillo, TX 79121
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    • Contact for pricing

      Development Land Behind Markets

      Prime development land in a robust retail area.
      8920 Roach Dr, Amarillo, TX 79121
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    • $3,290,000
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      Westgate Parkway Retail Center

      Amarillo, TX Retail Investment Opportunity
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      14,461 SF

      High Visibility Retail Building

      Retail building near I-40 and Westgate Mall available for sale.
      100 Westgate Pkwy E, Amarillo, TX 79121
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    • $2,200,000
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      High Visibility Commercial Building

      Commercial building in high-traffic location near I-40 and Westgate Mall.
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    Similar Nearby for Lease

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      1,770 SF

      Retail Space in Southwest Amarillo

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      Amarillo Retail Space - 14,461 SF

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      1,708 SF

      Modern Shopping Center For Lease

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      High-Visibility Retail Space Available

      Prime retail location near I-40 & Soncy in Amarillo.
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    • $20 SF/Yr

      Retail Space Near Westgate Mall

      High-visibility retail space with ample parking near I-40.
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    • $11 SF/Yr

      Accessible Shop Space in Amarillo

      Shop space ideal for contractors, service businesses, or storage.
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    Roach Dr
    Amarillo, TX 79121
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    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
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