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Property profile & analytics
OFF-MARKET
Estimated value
$3,235,000
Grocery and convenience stores
1501 Amarillo Blvd Amarillo, TX 79107-5554
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-0202271
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1989
Total area
35,699 SF
Lot
3.1 ac (135,036 SF)
Zoning code
LC
APN
R-044-8500-8200
UPID
US82-0202271
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
-
Payphone Telecommunications Service
-
FedEx OnSite Postal Service Courier Service
-
United Supermarkets Grocery & Convenience Store Food Market
-
Primo Water Refill & Exchange Big Box & Wholesale Store
-
Martin Luther King Memorial Park Park Tourist Attraction
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.57M
Blend (final)
Blend
$3.24M
Owner & transaction history
Svc Abs LLC · 3 yrs held
Svc Abs LLC
since 2023
5 recorded transactions
Zoning & alternative use
LC · Amarillo, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.0M
+65.0%
Auto repair, garage
$4.4M
+42.4%
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
RETAIL STORES
$3,055,000
Current use
RESTAURANT
$5,040,000
Change: +65% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,350,000
Change: +42% · Conversion: Difficult
Blend value · Realmo final
$3.24M
Range $2.91M – $3.56M · ±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
$91 / 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
$50,845
Tax year 2023
Assessed value
$2,350,000
Assessed 2024
Previous assessed
$2,350,000
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$270,072
Assessed improvement
$2,079,928
Land market value
$270,072
Improvement market value
$2,079,928
Total market value
$2,350,000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1989
Heating
YES
Cooling
YES
Stories
1
Rooms
1
Total area
35,699 SF
Lot
3.1 ac (135,036 SF)
Zoning code
LC
APN
R-044-8500-8200
UPID
US82-0202271
Jurisdiction
POTTER
Zoning & alternative use
LC · Amarillo, TX
Zoning LC · permitted uses
LC · 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
RETAIL STORES Current
Est. value
$3.1M
RESTAURANT
Est. value
$5.0M
AUTO REPAIR, GARAGE
Est. value
$4.4M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
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
1989
Heating
YES
Cooling
Yes
Stories
1
Rooms
1
Lot
3.1 ac
Current owner
From public records · entity-resolved
Svc Abs LLC
Entity
Free & Clear · 3 yrs held
Mailing address
255 WASHINGTON ST, NEWTON, MA 02458-1637
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2023
—
Svc Abs LLC
Svcn 4 LLC
Special Warranty Deed
—
Jan 5, 2015
—
Spirit Master Funding Vi LLC
Spirit Spe Us Amarillo 527 LP
Special Warranty Deed
$250,000,000 · Citibank NA
Oct 15, 2012
—
Spirit Spe Us Amarillo 527 LP
—
Deed Of Trust
related
$2,240,000 · Us Bank NA 2005-c3 (te)
Jun 10, 2005
—
Spirit Spe Us Amarillo 527
Bli-united Of Amarillo Blvd Ltd
Grant Deed
—
Dec 15, 2004
—
Bli-united Of Amarillo Blvd Ltd
Bli Amarillo Ltd
Grant Deed
$2,240,000 · Citigroup Global Markets Realt
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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