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    Property profile & analytics

    2500 Folsom Rd Amarillo, TX 79108

    • Turn key restaurants
    • 4,524 SF
    • 0.52 lot acres
    For Sale
    View listing
    $452,400
    Last Sale
    Aug 24, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0338112
    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

    • Turn key restaurants

    Property Details for 2500 Folsom Rd

    Year built
    1994
    Lot size
    0.52 lot acres
    Property size
    4,524 SF
    Zone code
    GR
    Property type
    Turn key restaurants
    APN
    R-022-2050-0355
    APU
    R02220500355

    Description

    This exceptional 4,524-square-foot mixed-use property in Amarillo, Texas, presents a compelling investment opportunity. Located at 2500 Folsom Rd, in Potter County, zip code 79108, this 2010-built building sits on a spacious 22,651-square-foot lot, zoned GR - General Retail. Its convenient location just north of Highway 60 offers easy access to I-40, Rick Husband Amarillo International Airport, the Amazon distribution center, the new Buc-ee's, and Route 66 Motor Speedway, while remaining outside the bustling city center. Previously utilized as a daycare and event center, the adaptable layout caters to diverse commercial or community uses. The building boasts a fully equipped kitchen featuring a vent hood and potential for a grease trap, ADA-compliant restrooms, and a fire suppression system for enhanced safety. A fenced yard and ample front parking add to its functionality. The asking price is $452,400. This property's versatility, prime location, and existing infrastructure make it an ideal investment for a savvy buyer seeking a high-return opportunity in a rapidly growing area. The property's size and zoning allow for a variety of uses, including but not limited to daycare, restaurant, and storefront retail.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $310,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $341,000
      Market price range: $342k - $782k

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

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Potter
    State
    Texas
    Longitude
    -101.724
    Latitude
    35.2381
    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
    $5,460
    $16,988
    $230,637
    $247,625
    -
    $16,988
    $230,637
    $247,625

    Comparable in this City

    • Value Estimation
      $295,000
      1,364 SF

      2380 Fritch Hwy

      RESTAURANT • 1,364 SF
      2380 Fritch Hwy, Amarillo, TX 79108-7723
      View Details
    • Value Estimation
      $290,000
      1,542 SF

      4601 Riv Rd

      RESTAURANT • 1,542 SF
      4601 Riv Rd, Amarillo, TX 79108-5201
      View Details
    • Value Estimation
      $300,000
      2,065 SF

      12800 Us Hwy 287

      RESTAURANT • 2,065 SF
      12800 Us Hwy 287, Amarillo, TX 79108
      View Details
    • Value Estimation
      $290,000
      1,236 SF

      7117 Riv Rd

      RESTAURANT • 1,236 SF
      7117 Riv Rd, Amarillo, TX 79108-3212
      View Details
    • Value Estimation
      $335,000
      1,960 SF

      5608 Riv Rd

      RESTAURANT • 1,960 SF
      5608 Riv Rd, Amarillo, TX 79108-4206
      View Details
    • Value Estimation
      $270,000
      1,789 SF

      400 Hastings Ave

      RESTAURANT • 1,789 SF
      400 Hastings Ave, Amarillo, TX 79108-5264
      View Details

    Similar Nearby for Sale

    • $452,400
      4,524 SF

      Amarillo Mixed-Use Investment

      4,524 SF, Multi-Use Potential
      2500 Folsom Rd, Amarillo, TX 79108
      View Details
    • Contact for pricing
      551.45 Acres

      Buffalo Highlands: Prime Amarillo Land

      551 Acres, Commercial & Residential Potential
      0 24Th Ave, Amarillo, TX 79108
      View Details
    • $70,000

      Amarillo Commercial Land - $70K

      Fenced grazing land, owner financing available.
      1 Lying Adj To, Amarillo, TX 79108
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    • Contact for pricing
      0.24 Acres

      Amarillo Land Near Fritch Highway

      Land near Fritch Highway with development potential in Amarillo, TX.
      Love Ave, Amarillo, TX 79108
      View Details
    • New
      Contact for pricing
      1.70 Acres

      Unrestricted Land in Appaloosa Hills

      1.7 acres of unrestricted land in a desirable location.
      1909 Skipper Trl, Amarillo, TX 79108
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    • $35,000

      Land for Development

      Prime land suitable for warehouse or mobile home development.
      1335 Folsom Rd, Amarillo, TX 79108
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo
      3,400 SF

      Retail Spaces Available for Lease

      Retail spaces available in a bustling area with property restrictions.
      307 E Hastings Ave, Amarillo, TX 79108
      View Details
    • Contact for pricing
      19,000 SF

      Valley Plaza Shopping Center

      Neighborhood centers • 19,000 SF
      311 Hastings Ave, Amarillo, TX 79108
      View Details
    • $18 SF/Yr
      9,000 SF

      I-40 Frontage Road Office Space

      Amarillo, TX Office & Retail Space
      18500 Frontage Rd, Amarillo, TX 79108
      View Details
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    2500 Folsom Rd
    Amarillo, TX 79108
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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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