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Property profile & analytics
OFF-MARKET
Estimated value
$1,850,000
Distribution centers
1324 Mirror St Amarillo, TX 79107-6738
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-3580647
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1979
Total area
27,509 SF
Lot
2.32 ac (101,059 SF)
Zoning code
HC
APN
R-090-1000-0660
UPID
US82-3580647
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
Current use
Occupant on record · Public records
-
Retail Ready Foods Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.71M
Blend (final)
Blend
$1.85M
Owner & transaction history
Aaaa Properties LLC · 8 yrs held
Aaaa Properties LLC
since 2018
7 recorded transactions
Zoning & alternative use
HC · Amarillo, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.4M
+65.0%
Medical building
$1.8M
+27.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Amarillo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Amarillo submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,425,000
Current use
RETAIL STORES
$2,355,000
Change: +65% · Conversion: Moderate
MEDICAL BUILDING
$1,820,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$1.85M
Range $1.67M – $2.04M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$67 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$14,970
Tax year 2023
Assessed value
$698,957
Assessed 2024
Previous assessed
$691,915
+1.0% YoY
Effective rate
2.14%
On assessed value
Assessed land
$50,530
Assessed improvement
$648,427
Land market value
$50,530
Improvement market value
$648,427
Total market value
$698,957
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1979
Heating
YES
Cooling
YES
Stories
1
Rooms
1
Total area
27,509 SF
Lot
2.32 ac (101,059 SF)
Zoning code
HC
APN
R-090-1000-0660
UPID
US82-3580647
Jurisdiction
POTTER
Zoning & alternative use
HC · Amarillo, TX
Zoning HC · permitted uses
HC · Amarillo, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Amarillo. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.4M
RETAIL STORES
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$1.8M
WAREHOUSE, STORAGE Current
RETAIL STORES
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Heating
YES
Cooling
Yes
Stories
1
Rooms
1
Lot
2.32 ac
Current owner
From public records · entity-resolved
Aaaa Properties LLC
Entity
Mailing address
1401 W FARMERS AVE, AMARILLO, TX 79118-6134
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2018
—
Aaaa Properties LLC
—
Deed
related
$2,500,000 · Amarillo Nat'l Bk
Jan 31, 2018
—
Aaaa Properties LLC
Retail Ready Foods INC
Grant Deed
related
—
Mar 14, 2017
—
Retail Ready Foods INC
—
Deed
related
$270,700 · Jp Morgan Chase Bk
—
—
Retail Ready Foods INC
—
Deed Of Trust
related
$550,000 · Amarillo National Bank
—
—
Retail Ready Foods INC
—
Loan Modification
related
$504,697 · Amarillo Nat'l Bk
—
—
Retail Ready Foods INC
—
Deed Of Trust
related
$270,700 · Jp Morgan Chase Bk
—
—
Aaaa Properties LLC
—
Deed Of Trust
related
$2,500,000 · Amarillo Nat'l Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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