Property profile

0 Raef Rd Amarillo, TX 79108

OFF-MARKET
Land
5.33 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 5.33 ac (232,175 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Raef Rd Amarillo, TX 79108
Amarillo metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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