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Property profile & analytics
OFF-MARKET
Land

0 Forest St Amarillo, TX 79106

52.5 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 52.5-acre land parcel in Amarillo, Texas, presents a remarkable investment opportunity. Located at 1806 N Forest St, 79106, in Potter County, this property is already zoned and approved for development as a mobile home park, offering immediate potential for high yield with up to 380 spaces. City utilities are readily available, maximizing efficiency and minimizing infrastructure costs. The asking price is $1,850,000, translating to a land value of $35,000 per acre. The property's strategic location within Amarillo offers significant advantages. The surrounding area boasts a substantial population base, exceeding 116,000 residents within a 5-mile radius, with an average household income of $58,999, creating a strong demand for affordable housing options. The seller is open to considering subdivision proposals, providing flexibility for various development plans. This property presents a unique opportunity to capitalize on the current zoning for a mobile home park or explore alternative uses such as single-family or multifamily affordable housing, potentially leveraging tax credit programs to enhance profitability. The property's size and location make it an ideal investment for developers and investors seeking high-return opportunities in a growing market. This is a blank canvas ready for a profitable venture.

Property profile
Verified
Property type Land
Lot 52.5 ac (2,286,900 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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