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

    2201 1st Ave Amarillo, TX 79106-8111

    • Warehouses
    • 2,060 SF
    • 0.13 lot acres
    OFF-MARKET
    Last Sale
    Aug 16, 2021
    Value Estimations
    $275,000
    Show details
    Cap Rate Potential
    5.5%
    Warehouses
    Location Intelligence
    Property ID
    US82-2716950
    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

    • Quality Mechanical Linc Services / Air Conditioning Contractor

    Property Details for 2201 1st Ave

    Year built
    1981
    Lot size
    0.13 lot acres
    Property size
    2,060 SF
    Zone code
    I1
    Property type
    Warehouses
    APN
    R-056-0100-0702
    APU
    R05601000702

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $295,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $270,000
      6.5%
      $250,000
      7%
      $230,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $450,000
      OFFICE BUILDING
      $370,000
      RETAIL STORES
      $290,000
      AUTO REPAIR, GARAGE
      $275,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Potter
    State
    Texas
    Longitude
    -101.861
    Latitude
    35.2159
    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
    $914
    $7,079
    $42,112
    $49,191
    -
    $7,079
    $42,112
    $49,191

    Comparable in this City

    • Value Estimation
      $225,000
      1,420 SF

      200 Milam St

      WAREHOUSE, STORAGE • 1,420 SF
      200 Milam St, Amarillo, TX 79106-8229
      View Details
    • Value Estimation
      $310,000
      7,386 SF

      106 Fannin St

      WAREHOUSE, STORAGE • 7,386 SF
      106 Fannin St, Amarillo, TX 79106-8245
      View Details
    • Value Estimation
      $215,000
      1,672 SF

      826 Georgia St

      WAREHOUSE, STORAGE • 1,672 SF
      826 Georgia St, Amarillo, TX 79106
      View Details
    • Value Estimation
      $660,000
      20,550 SF

      2002 Hardy St

      WAREHOUSE, STORAGE • 20,550 SF
      2002 Hardy St, Amarillo, TX 79106-2102
      View Details
    • Value Estimation
      $260,000
      1,280 SF

      7100 9th Ave

      WAREHOUSE, STORAGE • 1,280 SF
      7100 9th Ave, Amarillo, TX 79106-1704
      View Details
    • Value Estimation
      $230,000
      1,476 SF

      402 Bonham St

      WAREHOUSE, STORAGE • 1,476 SF
      402 Bonham St, Amarillo, TX 79106-6755
      View Details

    Similar Nearby for Sale

    • $575,000
      4,950 SF

      Amarillo Warehouse on Amarillo Blvd

      Nearly new warehouse with high-capacity access and excellent visibility.
      807 N Tennessee St, Amarillo, TX 79106
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    • $369,000
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      Office & Warehouse with Expansion

      Versatile commercial property with office, warehouse, and room to grow.
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    • $1,850,000
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      Amarillo Mobile Home Park Land

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    • $400,000
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      Functional Office Space Available

      Office space featuring fireplaces, kitchen, conference area, and reception.
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    • $431,600
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      Medical Office Building For Sale

      Medical office building with exam rooms and ample parking.
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    • $55,000
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      City lot in gated community near hospitals, shopping, and dining.
      6 Kingsridge Pl, Amarillo, TX 79106
      View Details

    Similar Nearby for Lease

    • $1,800 /Mo
      3,050 SF

      Warehouse and Retail Space Available

      Versatile warehouse and retail space with high traffic visibility.
      719 S Georgia St, Amarillo, TX 79106
      View Details
    • $20 SF/Yr
      3,665 SF

      Amarillo Executive Office Space

      Prime I-40 West location, 3,665 sq ft office.
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      View Details
    • $14 SF/Yr
      33,192 SF

      Interstate Village Creative Office Spaces

      Bell Street I-40 West Retail/Office
      2300 Bell St, Amarillo, TX 79106
      View Details
    • Contact for pricing
      50,965 SF

      Amarillo Commercial Land - 1.17 Acres

      Prime Amarillo land, single tenant, ideal location.
      6005 Lowes Ln, Amarillo, TX 79106
      View Details
    • Contact for pricing
      276,573 SF

      Westgate Mall Retail Spaces Available

      Amarillo, TX Shopping Mall Leases
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      View Details
    • $4,417 /Mo
      3,313 SF

      High Visibility Office Space Available

      Office space with I-40 visibility and flexible layout.
      4211 W Interstate 40, Amarillo, TX 79106
      View Details
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    2201 1st Ave
    Amarillo, TX 79106-8111
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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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