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Property profile & analytics
OFF-MARKET
Drive through restaurants
2416 Georgia St Amarillo, TX 79109-1925
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-1658000
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2004
Total area
2,712 SF
Lot
0.74 ac (32,234 SF)
Zoning code
LC
APN
R-044-4600-2197
UPID
US82-1658000
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
-
Panda Express Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Cft Devs LLC · 14 yrs held
Cft Devs LLC
since 2011
6 recorded transactions
Zoning & alternative use
LC · 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
Light Commercial
General category
COMMERCIAL
Zone area
3,479.44 ac
Source
code of ordinances
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$12,070
Tax year 2023
Assessed value
$570,000
Assessed 2024
Previous assessed
$557,873
+2.2% YoY
Effective rate
2.12%
On assessed value
Assessed land
$322,344
Assessed improvement
$247,656
Land market value
$322,344
Improvement market value
$247,656
Total market value
$570,000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2004
Heating
NONE
Cooling
NONE
Stories
1
Total area
2,712 SF
Lot
0.74 ac (32,234 SF)
Zoning code
LC
APN
R-044-4600-2197
UPID
US82-1658000
Jurisdiction
POTTER
Zoning & alternative use
LC · Amarillo, TXZoning LC · permitted uses
LC · 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
Light Commercial
General category
COMMERCIAL
Zone area
3,479.44 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
2004
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
Cft Devs LLC
Entity
Mailing address
3750 LAS VEGAS BLVD S UNIT #4106, LAS VEGAS, NV 89158-4374
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
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
Aug 24, 2022
—
Cft Nv Development LLC
—
Deed
related
$700,000 · East West Bank
Sep 20, 2011
—
Cft Devs LLC
Rutter & Wilbanks Corp
Warranty Deed
—
Dec 27, 2010
—
Rutter & Wilbanks Corp
Houghton Heights LP
Grant Deed
—
Sep 21, 2009
—
Houghton Heights
Spirit Master Funding LLC
Grant Deed
—
Mar 17, 2009
—
Spirit Master Funding LLC
Spirit Fin Acqusitions LLC
Quit Claim Deed
related
—
—
—
Cft Devs LLC
—
Deed Of Trust
related
$595,000 · Far East National Bank
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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