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Property profile & analytics
FOR LEASE
Office buildings
2201 Civic Cir Amarillo, TX 79109
Entity Owned
11-yr Hold
Free & Clear
Property ID
US82-2245246
For Lease
1 / 8
$16 SF/Yr
2201 Civic Cir, Amarillo, TX 79109
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Property summary
AI-generated overview
The Herring Bank Building, a Class A, ten-story office building located at 2201 Civic Cir, Amarillo, TX 79109, offers exceptional executive office space in the heart of Amarillo. Built in 1961, this 116,963 square foot building boasts a unique position as the only high-rise office building in Southwest Amarillo, providing unparalleled visibility and accessibility. Multiple tenancy options are available, with spaces ranging from a minimum of 191 square feet to a maximum contiguous space of 6,700 square feet
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1961
Total area
63,672 SF
Lot
1.11 ac (48,352 SF)
Zoning code
GR
APN
R-090-0700-5620
UPID
US82-2245246
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
-
Credent Wealth Management - Amarillo Fee-Only Financial Planner Financial Advisor
-
Amarillo Abeo Anesthesia Medical Clinic
-
1098 T Consultant
-
Investment Centers of America Financial Advisor
-
OA Systems Corporation Environmental Consultant Environmental Program
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.99M
Comparable Approach
Comparable
$8.83M
Blend (final)
Blend
$10.41M
Owner & transaction history
Rule Tower LLC
Rule Tower LLC
1 recorded transaction
Zoning & alternative use
GR · Amarillo, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$12,990,000
6.5%
$11,990,000
7%
$11,135,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,315,000
Current use
COMMERCIAL (GENERAL)
$8,295,000
Change: 0% · Conversion: Easy
RESTAURANT
$6,805,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$10.41M
Range $9.37M – $11.45M · ±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
$163 / 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
$110,082
Tax year 2023
Assessed value
$6,147,678
Assessed 2024
Previous assessed
$5,087,862
+20.8% YoY
Effective rate
1.79%
On assessed value
Assessed land
$194,196
Assessed improvement
$5,953,482
Land market value
$194,196
Improvement market value
$5,953,482
Total market value
$6,147,678
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1961
Heating
NONE
Buildings
2
Stories
9
Rooms
1
Total area
63,672 SF
Lot
1.11 ac (48,352 SF)
Zoning code
GR
APN
R-090-0700-5620
UPID
US82-2245246
Jurisdiction
POTTER
Zoning & alternative use
GR · Amarillo, TX
Zoning GR · permitted uses
GR · 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
OFFICE BUILDING Current
Est. value
$8.3M
COMMERCIAL (GENERAL)
Est. value
$8.3M
RESTAURANT
Est. value
$6.8M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
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
1961
Heating
NONE
Stories
9
Buildings
2
Rooms
1
Lot
1.11 ac
Current owner
From public records · entity-resolved
Rule Tower LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 50488, AMARILLO, TX 79159-0488
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Rule Tower LLC
—
Loan Modification
related
—
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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