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    Raef Rd Amarillo, TX 79108

    • Land
    • 5.33 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Raef Rd

    Lot size
    5.33 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 5.33-acre property presents a unique opportunity in Amarillo, Texas. Located in Potter County, on Raef Rd, zip code 79108, this unrestricted land offers unparalleled versatility. The property is zoned for commercial, farm, and residential use, providing flexibility for a wide range of development possibilities. Its convenient location places it near key employers such as Tyson, Pantex, Amazon, and Amarillo's airport, making it an attractive investment for businesses or individuals seeking proximity to urban amenities. The expansive 5.33 acres provide ample space for various projects, from building a custom home to establishing a commercial venture or agricultural operation. Enjoy the benefits of West Texas living with the convenience of city access. This raw land parcel is offered at $39,999 and presents a compelling investment opportunity in a rapidly growing area. The absence of zoning restrictions allows for maximum creative freedom in developing this prime real estate.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Potter
    State
    Texas
    Longitude
    -101.636
    Latitude
    35.2538

    Comparable in this City

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      36.05 Acres

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      5.32 Acres

      24th Nwc

      Land • 5.32 Acres
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    Similar Nearby for Sale

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      551.45 Acres

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      36.05 Acres

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      11.30 Acres

      Amarillo Industrial Land - 11.3 Acres

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    • New
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      2.06 Acres

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      0.24 Acres

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    Similar Nearby for Lease

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      I-40 Frontage Road Office Space

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      19,000 SF

      Valley Plaza Shopping Center

      Neighborhood centers • 19,000 SF
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      3,400 SF

      Retail Spaces Available for Lease

      Retail spaces available in a bustling area with property restrictions.
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    Raef Rd
    Amarillo, TX 79108
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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
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