Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1911 Madison St Amarillo, TX 79109

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1911 Madison St Amarillo, TX 79109

    View on Map
    • Commercial real estate
    • 4,440 SF
    Off-Market
    Property ID
    US82-2127731
    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

    • West Texas A & M / University

    Property Details for 1911 Madison St

    Year built
    2020
    Property size
    4,440 SF
    Property type
    Commercial real estate
    APN
    218342

    Description

    This exceptional investment opportunity presents a six-unit apartment building located at 1911 S Madison St, Amarillo, Texas, 79109, in Potter County. The property, built in 2020, boasts 4,440 square feet of net rentable space, spread across a single-story building on an 11,409 square foot lot. Currently operating at 100% occupancy (since January 1, 2021), this Class A multifamily property offers a stabilized investment with a strong NOI of $84,904 and a compelling 7.75% cap rate. The asking price is $1,095,000, translating to $246.62 per square foot and $182,500 per unit. The property is zoned MF and features two parking spaces per unit. Its prime location adjacent to Interstate 40 in Amarillo makes it highly attractive to investors. The building's modern construction and recent history of both short-term and long-term rentals contribute to its strong performance and potential for continued growth. This fee-simple ownership offers a turnkey solution for investors seeking a lucrative addition to their portfolio in a thriving Texas market. The APN is 218342.

    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
    -101.84720258752
    Latitude
    35.193969524356

    Comparable in this City

    • $3,650,000
      9,600 SF

      Amarillo Multifamily Investment Opportunity

      55-unit apartment complex in Amarillo, TX with upside potential.
      3020 SW 27Th Ave, Amarillo, TX 79109
      View Details
    • $2,683,900

      Amarillo Multifamily Investment Opportunity

      Portfolio of 12 homes in Amarillo, TX for sale.
      Amarillo, TX 79109
      View Details
    • $444,000
      3,002 SF

      Amarillo Multifamily Property For Sale

      Fourplex with additional one-bedroom house in Amarillo, Texas.
      3407 Janet Dr, Amarillo, TX 79109
      View Details
    • $180,000
      1,192 SF

      Duplex with Large Rear Shop

      Duplex featuring a large shop with alley access.
      2223 South Taylor St, Amarillo, TX 79109
      View Details
    • $5,250,000
      46,301 SF

      Bell Hillside Shopping Center Investment

      Multi-tenant retail center on 4.48 acres in Amarillo, Texas.
      5901 Bell St, Amarillo, TX 79109
      View Details
    • $749,000
      24,000 SF

      Iconic Amarillo Commercial Building

      Four-story commercial building with redevelopment potential in Amarillo, Texas.
      2711 Stanley St, Amarillo, TX 79109
      View Details

    Similar Nearby for Sale

    • $3,650,000
      9,600 SF

      Amarillo Multifamily Investment Opportunity

      55-unit apartment complex in Amarillo, TX with upside potential.
      3020 SW 27Th Ave, Amarillo, TX 79109
      View Details
    • $444,000
      3,002 SF

      Amarillo Multifamily Property For Sale

      Fourplex with additional one-bedroom house in Amarillo, Texas.
      3407 Janet Dr, Amarillo, TX 79109
      View Details
    • $180,000
      1,192 SF

      Duplex with Large Rear Shop

      Duplex featuring a large shop with alley access.
      2223 South Taylor St, Amarillo, TX 79109
      View Details
    • $2,683,900

      Amarillo Multifamily Investment Opportunity

      Portfolio of 12 homes in Amarillo, TX for sale.
      Amarillo, TX 79109
      View Details
    • $5,250,000
      46,301 SF

      Bell Hillside Shopping Center Investment

      Multi-tenant retail center on 4.48 acres in Amarillo, Texas.
      5901 Bell St, Amarillo, TX 79109
      View Details
    • $749,000
      24,000 SF

      Iconic Amarillo Commercial Building

      Four-story commercial building with redevelopment potential in Amarillo, Texas.
      2711 Stanley St, Amarillo, TX 79109
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office/Retail Space in Peppertree Square

      Office/retail space in Peppertree Square, Amarillo, TX for sublease.
      2600 Paramount Blvd, Amarillo, TX 79109
      View Details
    • Contact for pricing

      High-Rise Office Building in Amarillo

      High-rise office building with ample parking and accessible location.
      2201 Civic Cir, Amarillo, TX 79109
      View Details
    • Contact for pricing
      2,441 SF

      Retail Space in High-Traffic Center

      Retail space available in established Amarillo shopping destination.
      2201-2603 S Georgia St, Amarillo, TX 79109
      View Details
    • $1,500 /Mo

      Professional Office Space Available Now

      Versatile office space with private offices, reception, and breakroom.
      2920 Duniven Cir, Amarillo, TX 79109
      View Details
    • Contact for pricing

      High Rise Office Building

      High rise office building in central Amarillo with ample parking.
      2201 Civic Cir, Amarillo, TX 79109
      View Details
    • Contact for pricing

      Established Shopping Center in Amarillo

      Shopping center in central Amarillo, near affluent neighborhood.
      2803 Civic Cir, Amarillo, TX 79109
      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.
    1911 Madison St
    Amarillo, TX 79109
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!