Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1024 Georgia St Amarillo, TX 79102-1331
    Back to Search
    Property profile & analytics

    1024 Georgia St, Amarillo, TX 79102-1331

    View on Map
    • Medical Office Space
    • 4,583 SF
    • 0.45 lot acres
    Off-Market
    Property ID
    US82-4591286
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Derek Davis, DDS / Dental Office

    Property Details for 1024 Georgia St

    Year built
    2020
    Lot size
    0.45 lot acres
    Zone code
    O1
    Property type
    Medical Office Space
    Property subtype
    Medical space
    APN
    R-078-1200-0280
    APU
    R07812000280

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 19, 2018 — Grv Holdings LLC Miller,john S Warranty Deed · related $103k · Happy Sts Bk
    Jun 2, 2014 — John S Miller Income Investments LLC Grant Deed · related —
    Jul 6, 2007 — Income Investments LLC Stevens Fam Living Trust Warranty Deed $50k · Stevens Family Living Trust
    — — Grv Holdings LLC — Deed Of Trust · related $1.5M · Happy Sts Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Potter
    State
    Texas
    Longitude
    -101.867
    Latitude
    35.2027
    CBSA code
    11100
    CBSA name
    AMARILLO, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,353
    $58,806
    $1,145,895
    $1,204,701
    -
    $58,806
    $1,145,895
    $1,204,701

    Comparable in this City

    • Value Estimation by Request
      1,410 SF

      1623 Washington St

      DENTAL BUILDING
      1623 Washington St, Amarillo, TX 79102-2669
      View Details
    • Value Estimation by Request
      5,330 SF

      3629 Wolflin Ave

      DENTAL BUILDING
      3629 Wolflin Ave, Amarillo, TX 79102-2119
      View Details
    • Value Estimation by Request
      4,996 SF

      1312 15th Ave

      MEDICAL BUILDING
      1312 15th Ave, Amarillo, TX 79102-2615
      View Details
    • Value Estimation by Request
      2,218 SF

      1901 3rd Ave

      OFFICE BUILDING
      1901 3rd Ave, Amarillo, TX 79102-3404
      View Details
    • Value Estimation by Request
      1,296 SF

      1501 10th Ave

      OFFICE BUILDING
      1501 10th Ave, Amarillo, TX 79102-4139
      View Details
    • Value Estimation
      $3,800,000
      33,957 SF

      3521 15th Ave

      OFFICE BUILDING
      3521 15th Ave, Amarillo, TX 79102-2027
      View Details

    Similar Nearby for Sale

    • $500,000
      4,609 SF

      Professional Office Property in Amarillo

      Versatile office property with mature landscaping and recent parking upgrades.
      1721 S Tyler St, Amarillo, TX 79102
      View Details
    • $675,000
      3,750 SF

      Historic Amarillo Office/Residential Building

      1913 three-story building suitable for office or residential use.
      1608 S Polk St, Amarillo, TX 79102
      View Details
    • $319,900
      2,640 SF

      Commercial Property Near Downtown Amarillo

      Versatile commercial space near I-40 and downtown in Opportunity Zone.
      1515 S Garfield St, Amarillo, TX 79102
      View Details
    • $319,900
      2,640 SF

      Commercial Property Near Downtown Amarillo

      Versatile commercial property near I-40 and downtown in Opportunity Zone.
      1515 S Garfield St, Amarillo, TX 79102
      View Details
    • Contact for pricing
      29,498 SF

      Warehouse and Office Space

      Warehouse and office space in Amarillo opportunity zone.
      803 S Garfield St, Amarillo, TX 79102
      View Details
    • $187,000
      1,495 SF

      Renovated Commercial Building Near Downtown

      Renovated commercial building near downtown Amarillo, suitable for diverse uses.
      1408 SW 15Th Ave, Amarillo, TX 79102
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      New Construction Office Space

      New office space with tenant finish allowance and I-40 visibility.
      1916 S Carolina St, Amarillo, TX 79102
      View Details
    • Contact for pricing

      New Amarillo Office Space Available

      New construction office space with tenant finish allowance available.
      1916 S Carolina, Amarillo, TX 79102
      View Details
    • Contact for pricing
      6,944 SF

      Versatile Warehouse with Office Space

      Warehouse with office, fenced yard, and multiple overhead doors.
      1004 SE 5Th Ave, Amarillo, TX 79102
      View Details
    • Contact for pricing

      Class A Office Building

      Premium office environment near I-40 and Georgia Street.
      1616 S Kentucky St, Amarillo, TX 79102
      View Details
    • $5,000 /Mo
      29,498 SF

      Warehouse with Dock-High Loading

      Loading-ready warehouse with dock-high and grade-level doors plus a dedicated office and restrooms.
      803 Garfield St, Amarillo, TX 79102
      View Details
    • Contact for pricing

      Amarillo Shop/Warehouse Space For Rent

      Shop/warehouse spaces in SE Amarillo with I-40 access.
      1710 SE 16Th Ave, Amarillo, TX 79102
      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.
    1024 Georgia St
    Amarillo, TX 79102-1331
    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.

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1024 Georgia St, Amarillo, TX, 79102
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!