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Property profile & analytics
OFF-MARKET
Estimated value
$1,885,000
Drug stores
2205 34th Ave Amarillo, TX 79103-1700
Individually Owned
7-yr Hold
Free & Clear
Property ID
US82-1755823
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2009
Total area
13,344 SF
Lot
1.76 ac (76,622 SF)
Zoning code
GR
APN
R-073-1850-2800
UPID
US82-1755823
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
-
Walgreens Pharmacy Pharmacy
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Linda A. Moore, RPh Pharmacy
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
FedEx OnSite Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.99M
Comparable Approach
Comparable
$1.79M
Blend (final)
Blend
$1.89M
Owner & transaction history
Charles W Reser · 7 yrs held
Charles W Reser
since 2019
6 recorded transactions
Zoning & alternative use
GR · Amarillo, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
remelting purposes, which is located in the A, GR, LC, CB, HC, I-1 and PD Zoning Districts. It also does not include the incidental outdoor display of commodities for retail sale where the use is permitted by section 4-10-82 in a GR General Retail District. Where either this designation of an open storage activity or another designation might apply, the more…
Zone name
General Retail
General category
COMMERCIAL
Zone area
2,652.18 ac
Source
code of ordinances
Top alternative use upside
Commercial (general)
$2.2M
+46.5%
Office building
$2.1M
+42.3%
Restaurant
$1.8M
+21.9%
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%
$2,150,000
6.5%
$1,985,000
7%
$1,840,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,490,000
Current use
COMMERCIAL (GENERAL)
$2,185,000
Change: +46% · Conversion: Easy
OFFICE BUILDING
$2,125,000
Change: +42% · Conversion: Easy
RESTAURANT
$1,820,000
Change: +22% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,455,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$1.89M
Range $1.70M – $2.07M · ±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
$141 / 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
$24,790
Tax year 2023
Assessed value
$1,278,119
Assessed 2024
Previous assessed
$1,278,119
+0.0% YoY
Effective rate
1.94%
On assessed value
Assessed land
$613,325
Assessed improvement
$664,794
Land market value
$613,325
Improvement market value
$664,794
Total market value
$1,278,119
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2009
Heating
NONE
Cooling
NONE
Stories
1
Total area
13,344 SF
Lot
1.76 ac (76,622 SF)
Zoning code
GR
APN
R-073-1850-2800
UPID
US82-1755823
Jurisdiction
RANDALL
Zoning & alternative use
GR · Amarillo, TXZoning GR · permitted uses
GR · Amarillo, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
remelting purposes, which is located in the A, GR, LC, CB, HC, I-1 and PD Zoning Districts. It also does not include the incidental outdoor display of commodities for retail sale where the use is permitted by section 4-10-82 in a GR General Retail District. Where either this designation of an open storage activity or another designation might apply, the more restrictive shall govern. (89) Secondhand Merchandise Dealers or Storage: The keeping, handling, storage or use of furniture, appliances and/or other merchandise or goods for sale or display. "Secondhand merchandise" is defined as an item which has previously been sold at the wholesale or retail level or previously used by an individual or business. Except in an I-2 Zoning District, any outdoor storage or display of such merchandise shall require visual screening to the standards set out in
Zone name
General Retail
General category
COMMERCIAL
Zone area
2,652.18 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.1M
RESTAURANT
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.5M
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2009
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.76 ac
Current owner
From public records · entity-resolved
Charles W Reser
Individual
Free & Clear · 7 yrs held
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2020
—
Roe Family Trust
—
Deed
related
$2,650,000 · Capstar Bk
Feb 28, 2019
—
Charles W Reser
Test Helen R
Correction Deed
related
—
Dec 20, 2018
—
Charles W Reser
Test,richard K
Grant Deed
related
—
Oct 11, 2017
—
Ralph G Reser
Reser Jane G
Quit Claim Deed
related
—
Nov 1, 2010
—
Roe Family Trust
Minerva Partners Ltd
Grant Deed
$3,080,000 · American-amicable Life Ins Co/
—
—
Roe Family Trust
—
Deed Of Trust
related
$2,650,000 · Capstar Bk
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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