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    1491 Tascosa Rd Amarillo, TX 79124
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    1491 Tascosa Rd Amarillo, TX 79124

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    • Commercial land
    For Sale
    $886,184
    View Listing →
    Commercial Land on Tascosa Road For Sale
    $886,184

    Commercial Land on Tascosa Road

    Prime commercial land with high visibility in a developing area.

    1491 Tascosa Rd, Amarillo, TX 79124
    View Listing
    Property ID
    US82-5480461
    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

    • Commercial land

    Property Details for 1491 Tascosa Rd

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Commercial land located along the bustling Tascosa Road in Amarillo, TX. This prime property boasts an impressive 361 feet of frontage, providing outstanding visibility and accessibility for potential retail or commercial ventures. Situated adjacent to the rapidly expanding Estancia neighborhood and near several established communities including Quail Creek, Westcliff, Woodlands, and La Paloma, this property is strategically positioned in a thriving area of Amarillo. The location benefits from high traffic volume and favorable demographics, characterized by strong disposable income levels. This site is ideal for retail development, offering significant potential in a fast-developing area.

    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
    Randall
    State
    Texas
    Longitude
    -101.91038
    Latitude
    35.220866

    Comparable in this City

    • $617,685
      1.28 Acres

      Amarillo, TX Development Opportunity

      1.28-acre parcel on high-growth corridor, ideal for development.
      Plum Creek Dr, Amarillo, TX 79124
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      Prime Land For Development

      Land suitable for retail or office development in Amarillo, TX.
      West Of Amarillo Blvd, Amarillo, TX 79124
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      Amarillo Land For Sale

      Land for sale in a rapidly growing Amarillo area.
      4100 Soncy Rd S & Bent Tree, Amarillo, TX 79124
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      Retail Development Land For Sale

      Prime retail development land with city utilities and access.
      6135 S Soncy Rd, Amarillo, TX 79124
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      90,000 SF

      Amarillo Medical District Development Land

      Prime commercial land in Amarillo's Medical District, suitable for development.
      601 S Soncy Rd, Amarillo, TX 79124
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    • $875,000

      I-40 Frontage Development Opportunity

      Premier land for development with high visibility and excellent connectivity.
      Nec I-40 & Simmons Rd/Fm2381, Bushland, TX 79124
      View Details

    Similar Nearby for Sale

    • $617,685
      1.28 Acres

      Amarillo, TX Development Opportunity

      1.28-acre parcel on high-growth corridor, ideal for development.
      Plum Creek Dr, Amarillo, TX 79124
      View Details
    • Contact for pricing

      Prime Land For Development

      Land suitable for retail or office development in Amarillo, TX.
      West Of Amarillo Blvd, Amarillo, TX 79124
      View Details
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      Amarillo Land For Sale

      Land for sale in a rapidly growing Amarillo area.
      4100 Soncy Rd S & Bent Tree, Amarillo, TX 79124
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      Retail Development Land For Sale

      Prime retail development land with city utilities and access.
      6135 S Soncy Rd, Amarillo, TX 79124
      View Details
    • Contact for pricing
      90,000 SF

      Amarillo Medical District Development Land

      Prime commercial land in Amarillo's Medical District, suitable for development.
      601 S Soncy Rd, Amarillo, TX 79124
      View Details
    • $875,000

      I-40 Frontage Development Opportunity

      Premier land for development with high visibility and excellent connectivity.
      Nec I-40 & Simmons Rd/Fm2381, Bushland, TX 79124
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail Corridor Land

      Land in Amarillo's best retail corridor with high visibility.
      2480 S Soncy Rd, Amarillo, TX 79124
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      Versatile Retail/Warehouse Space Available

      50,790 SF multi-use building on 6.46 acres for lease.
      10300 I-40 Frontage Rd, Amarillo, TX 79124
      View Details
    • Contact for pricing
      1,360 SF

      Retail Space in Westgate Plaza

      Retail space available in high-traffic Westgate Plaza, Amarillo, TX.
      2710-2912 S Soncy Rd, Amarillo, TX 79124
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    • Contact for pricing

      Storage Units/Warehouse Property For Rent

      Storage and warehouse units available in various sizes.
      18901 19Th Ave, Amarillo, TX 79124
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    • Contact for pricing
      2,800 SF

      Retail Space in Westgate Plaza

      Retail space for lease in high-traffic Westgate Plaza.
      3240 S Soncy Rd, Amarillo, TX 79124
      View Details
    • $24 SF/Yr
      3,936 SF

      Retail Space in Growing Corridor

      Retail space available in Amarillo's growing retail corridor.
      3350 S Soncy Rd, Amarillo, TX 79124
      View Details
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    1491 Tascosa Rd
    Amarillo, TX 79124
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    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
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