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Property profile & analytics
OFF-MARKET
Estimated value
$2,535,000
Distribution centers
2406 3rd Ave, Amarillo, TX 79106-6853
Entity Owned
11-yr Hold
Free & Clear
Property ID
US82-0156485
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1961
Total area
23,800 SF
Lot
1.03 ac (44,867 SF)
Zoning code
I1
APN
R-056-0100-5309
UPID
US82-0156485
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
-
Snack Pak 4 Kids Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.87M
Comparable Approach
Comparable
$2.20M
Blend (final)
Blend
$2.54M
Owner & transaction history
Snack Pak 4 Kids Of Texas LLC · 11 yrs held
Snack Pak 4 Kids Of Texas LLC
since 2014
2 recorded transactions
Zoning & alternative use
I1 · Amarillo, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.4M
+76.6%
Auto repair, garage
$3.2M
+68.0%
Restaurant
$2.9M
+50.3%
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%
$3,105,000
6.5%
$2,870,000
7%
$2,665,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,895,000
Current use
RETAIL STORES
$3,350,000
Change: +77% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,185,000
Change: +68% · Conversion: Easy
RESTAURANT
$2,850,000
Change: +50% · Conversion: Difficult
MEDICAL BUILDING
$1,735,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$2.54M
Range $2.28M – $2.79M · ±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
$107 / 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
Assessed value
$918,855
Assessed 2024
Previous assessed
$885,798
+3.7% YoY
Assessed land
$112,168
Assessed improvement
$806,687
Land market value
$112,168
Improvement market value
$806,687
Total market value
$918,855
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1961
Heating
FLOOR/WALL FURNACE
Stories
1
Rooms
1
Total area
23,800 SF
Lot
1.03 ac (44,867 SF)
Zoning code
I1
APN
R-056-0100-5309
UPID
US82-0156485
Jurisdiction
POTTER
Zoning & alternative use
I1 · Amarillo, TX
Zoning I1 · permitted uses
I1 · 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
WAREHOUSE, STORAGE Current
Est. value
$1.9M
RETAIL STORES
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$3.2M
RESTAURANT
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$1.7M
WAREHOUSE, STORAGE Current
RETAIL STORES
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
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
FLOOR/WALL FURNACE
Stories
1
Rooms
1
Lot
1.03 ac
Current owner
From public records · entity-resolved
Snack Pak 4 Kids Of Texas LLC
Entity
Free & Clear · 11 yrs held
Mailing address
701 PARK PL AVE, AMARILLO, TX 79101-4064
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2014
—
Snack Pak 4 Kids Of Texas LLC
Elliott Real Estate LP
Grant Deed
related
—
Aug 14, 2007
—
Elliott Real Estate
Russell,emory & Barbara
Warranty Deed
—
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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