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    Property profile & analytics

    1500 3rd Ave Amarillo, TX 79106-8307

    • Retail space
    • 2,400 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimation
    $325,000
    Location Intelligence
    Property ID
    US82-4478735
    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.

    Current Use by Public Records

    • Clint's Customs / Car Detailing Service
    • B&S Wholesale / Wholesaler / Liquidator
    • 3rd Avenue Apparel / Clothing Store
    • Quality Carpet & Flooring / Carpet Store / Concrete Contractor

    Property Details for 1500 3rd Ave

    Year built
    1945
    Lot size
    0.20 lot acres
    Property size
    2,400 SF
    Zone code
    I1
    Property type
    Retail space
    APN
    R-056-0100-1268
    APU
    R05601001268

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $325,000

    • CAP approach

      CAP return
      Estimation
      6%
      $295,000
      6.5%
      $310,000
      7%
      $320,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $285,000
      Geo Method
      $335,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $335,000
      Retail
      $345,000
      Mixed-Use
      $315,000
      Hospitality
      $300,000
      Educational
      $365,000
      Residential Income
      $290,000
      Energy
      $300,000
      Income-Based Land
      $320,000
      Food Service
      $320,000

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Potter
    State
    Texas
    Longitude
    -101.853
    Latitude
    35.2134
    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
    $3,113
    $28,662
    $227,078
    $255,740
    -
    $28,662
    $227,078
    $255,740

    Comparable in this City

    • Value Estimation by Request
      2,502 SF

      506 Georgia St

      RETAIL STORES (PERSONAL SERVICES) • 2,502 SF
      506 Georgia St, Amarillo, TX 79106-8910
      View Details
    • Value Estimation by Request
      3,252 SF

      300 Georgia St

      RETAIL STORES (PERSONAL SERVICES) • 3,252 SF
      300 Georgia St, Amarillo, TX 79106-8809
      View Details
    • Value Estimation by Request
      680 SF

      3223 6th Ave

      RETAIL STORES (PERSONAL SERVICES) • 680 SF
      3223 6th Ave, Amarillo, TX 79106-8743
      View Details
    • Value Estimation by Request
      2,407 SF

      3903 6th Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,407 SF
      3903 6th Ave, Amarillo, TX 79106-8577
      View Details
    • Value Estimation by Request
      1,080 SF

      3511 6th Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,080 SF
      3511 6th Ave, Amarillo, TX 79106-8661
      View Details
    • Value Estimation by Request
      467 SF

      3713 6th Ave

      RETAIL STORES (PERSONAL SERVICES) • 467 SF
      3713 6th Ave, Amarillo, TX 79106-8665
      View Details

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    Similar Nearby for Lease

    • $1,800 /Mo
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      Warehouse and Retail Space Available

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      Retail Space Near Walmart

      Retail space with high visibility near a high-performing Walmart.
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    • $12 SF/Yr
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      Retail Space in High-Traffic Area

      Retail space available in a shopping center with tenant finish.
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    • $20 SF/Yr
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      Amarillo Executive Office Space

      Prime I-40 West location, 3,665 sq ft office.
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      View Details
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    1500 3rd Ave
    Amarillo, TX 79106-8307
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    Realmo Value Estimation

    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.

    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.

    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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