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Property profile & analytics
OFF-MARKET
Warehouses
2606 Spruce St Amarillo, TX 79103
Individually Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-4266598
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1959
Total area
2,176 SF
Lot
0.34 ac (14,810 SF)
Zoning code
MH
APN
R-026-0400-0585
UPID
US83-4266598
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
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
Jeffrey A Reese · 18 yrs held
Jeffrey A Reese
since 2008
3 recorded transactions
Zoning & alternative use
MH · Amarillo, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Sec. 4-10-86. - MH Manufactured Home District. It is recognized that certain areas of the City may be suitable for the development of Manufactured Home Parks and Manufactured Home Subdivisions. It is for these areas that the MH District is designed. The MH District is not intended to be utilized for the placement or location of a single Manufactured Home. An…
Zone name
Manufactured Home District
General category
RESIDENTIAL
Zone area
879.75 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
$617
Tax year 2023
Assessed value
$29,914
Assessed 2024
Previous assessed
$28,530
+4.9% YoY
Effective rate
2.06%
On assessed value
Assessed land
$15,000
Assessed improvement
$14,914
Land market value
$15,000
Improvement market value
$14,914
Total market value
$29,914
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1959
Heating
FLOOR/WALL FURNACE
Stories
1
Rooms
1
Total area
2,176 SF
Lot
0.34 ac (14,810 SF)
Zoning code
MH
APN
R-026-0400-0585
UPID
US83-4266598
Jurisdiction
POTTER
Zoning & alternative use
MH · Amarillo, TXZoning MH · permitted uses
MH · Amarillo, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Sec. 4-10-86. - MH Manufactured Home District. It is recognized that certain areas of the City may be suitable for the development of Manufactured Home Parks and Manufactured Home Subdivisions. It is for these areas that the MH District is designed. The MH District is not intended to be utilized for the placement or location of a single Manufactured Home. Any rezoning application for MH District shall include an area of not less than two (2) acres unless it is immediately adjacent to an existing MH District containing not less than two (2) acres. All Manufactured Home Park Development shall comply with
Zone name
Manufactured Home District
General category
RESIDENTIAL
Zone area
879.75 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1959
Heating
FLOOR/WALL FURNACE
Stories
1
Rooms
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Jeffrey A Reese
Individual
Mailing address
7001 W ROCKWELL RD, CANYON, TX 79015-7049
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2008
—
Jeffrey A Reese
Jones,cloyce M
Warranty Deed
$17,500 · Cloyce M Jones
—
—
Reese,jeffrey A
—
Deed Of Trust
related
$50,000 · Firstbank Southwest
—
—
Jeffrey A Reese
—
Deed Of Trust
related
$20,500 · Thomas J Underwood
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.
Try Rey
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