Back to Search
Property profile & analytics
FOR LEASE
Motels
2915 East Interstate 40 Amarillo, TX 79104
Entity Owned
1-yr Hold
Free & Clear
Property ID
US82-2141328
For Lease
1 / 2
$555,000
2915 East Interstate 40, Amarillo, TX 79104
View Listing →
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1968
Total area
35,820 SF
Lot
3.29 ac (143,312 SF)
Zoning code
GR
APN
R-022-0700-8800
UPID
US82-2141328
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
$700k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$407k
Blend (final)
Blend
$555k
Owner & transaction history
Shri Rang Avdhut Corporation · 1 yrs held
Shri Rang Avdhut Corporation
since 2025
7 recorded transactions
Zoning & alternative use
GR · Amarillo, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$830,000
Current use
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$15 / 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
Tax billed
$22,643
Tax year 2023
Assessed value
$515,183
Assessed 2024
Previous assessed
$1,046,517
-50.8% YoY
Effective rate
4.40%
On assessed value
Assessed land
$250,797
Assessed improvement
$264,386
Land market value
$250,797
Improvement market value
$264,386
Total market value
$515,183
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Motels
Use group
MOTEL
Status
For Lease
Year built
1968
Heating
FORCED AIR
Buildings
2
Stories
2
Rooms
90
Total area
35,820 SF
Lot
3.29 ac (143,312 SF)
Zoning code
GR
APN
R-022-0700-8800
UPID
US82-2141328
Jurisdiction
POTTER
Zoning & alternative use
GR · Amarillo, TX
Zoning GR · permitted uses
GR · 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
HOTEL/MOTEL Current
Est. value
$830,000
HOTEL/MOTEL Current
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
1968
Heating
FORCED AIR
Stories
2
Buildings
2
Rooms
90
Lot
3.29 ac
Current owner
From public records · entity-resolved
Shri Rang Avdhut Corporation
Entity
Free & Clear · 1 yrs held
Mailing address
2915 E INTERSTATE 40, AMARILLO, TX 79104-3503
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2025
$100,000
Shri Rang Avdhut Corporation
Amarillo Choice Investments LLC
Deed
related
—
Aug 9, 2024
—
2915 I 40 West LLC
Cibolero LLC
Deed
$1,920,000 · First United Bank
May 2, 2022
—
Amarillo Choice Investments LLC
Shri Rang Avdhut Corporation
Venders Lien
$1,850,000 · Shri Rang Avdhut Corporatio
Dec 9, 2019
—
Willam L Price
—
Deed
related
$50,000 · Citizens Bk
Sep 10, 2018
—
W L Price
—
Deed
related
$720,000 · Citizens Bank
Feb 4, 2009
—
Shri Rang Avdhut Corp
—
Trustees Deed
related
$196,019 · Plains Capital Bank
—
—
Shri Rang Avdhut Corp
—
Deed Of Trust
related
$203,849 · Plains Capital 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
