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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Retail space
2600 Paramount Blvd, Amarillo, TX 79109-3089
Entity Owned
6-yr Hold
Free & Clear
Property ID
US82-5301251
Property summary
AI-generated overview
This exceptional commercial property, located at 2600 Paramount in Amarillo, Texas, offers a unique blend of retail and office spaces within a single-story, 14,499 square foot building. Constructed in 1976 and renovated in 1996, the property is zoned PD and situated in Potter County, zip code 79109. The building features a diverse tenant mix, including a salon, retail businesses, and offices, creating a vibrant and established commercial environment. Currently, two spaces are available, ranging from 1,000 to 2,000 square feet, providing flexibility for various business needs. One notable space includes a large reception area, four sizable offices, and an additional area suitable for a breakroom or office. Recent updates include fresh paint and new flooring throughout, offering a modern and appealing aesthetic. The property's convenient location, just west of SW 26th & Paramount in Peppertree Square, ensures high visibility and accessibility for businesses. This is an excellent opportunity to establish or expand your business in a thriving Amarillo commercial center.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1977
Total area
15,186 SF
Lot
1.14 ac (49,658 SF)
Zoning code
LC
APN
R-044-4900-1806
UPID
US82-5301251
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
-
Damron's Jewelry Guns and Pawn Discount Store (Bike/Boat/Book/etc) Store
-
Shear Perfection 2600 Paramount B4 Amarillo Tx Hair Salon
-
27:40 Art and Apparel Formerly Spirited Expressions Art Studio Art Center
-
Farmers Insurance - David Cox Insurance Agency
-
Northwestern Mutual Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$902k
Blend (final)
Blend
$715k
Owner & transaction history
AMARILLO HABITAT HUMANITY INC
AMARILLO HABITAT HUMANITY INC
Zoning & alternative use
LC · Amarillo, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+0.3%
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
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,120,000
Current use
MEDICAL BUILDING
$1,120,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$715k
Range $644k – $787k · ±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
$47 / 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
$1,082,072
Assessed 2024
Previous assessed
$851,503
+27.1% YoY
Assessed land
$198,634
Assessed improvement
$883,438
Land market value
$198,634
Improvement market value
$883,438
Total market value
$1,082,072
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1977
Heating
NONE
Cooling
NONE
Stories
1
Rooms
1
Total area
15,186 SF
Lot
1.14 ac (49,658 SF)
Zoning code
LC
APN
R-044-4900-1806
UPID
US82-5301251
Jurisdiction
POTTER
Zoning & alternative use
LC · Amarillo, TX
Zoning LC · permitted uses
LC · 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
RETAIL STORES Current
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
RETAIL STORES Current
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
1977
Heating
NONE
Cooling
Yes
Stories
1
Rooms
1
Lot
1.14 ac
Current owner
From public records · entity-resolved
AMARILLO HABITAT HUMANITY INC
Entity
Free & Clear · 0 yrs held
Mailing address
2700 S WILSON ST, AMARILLO, TX 79103-2613
Mailing matches property
Yes
Owner-occupied
Yes
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
No recorded transactions
No recorded transactions found for this property.
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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