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Property profile & analytics
OFF-MARKET
Estimated value
$22,200,000
Office buildings
301 Polk St Amarillo, TX 79101-1446
Entity Owned
15-yr Hold
Free & Clear
Property ID
US82-2506982
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1925
Total area
101,678 SF
Lot
0.48 ac (20,909 SF)
Zoning code
CB
APN
R-031-0500-1513
UPID
US82-2506982
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
-
Hudgins Crosier Sumpter PC Accounting Firm Tax Preparation
-
David Bradley Attorney at Law Law Firm
-
Rotary Club of Amarillo Charitable Organization Social Service Agency
-
DFB Insurance Group of Amarillo, LLC Insurance Agency
-
Johnson Dee Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$19.15M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$22.20M
Owner & transaction history
Amarillo Commercial Group LP · 15 yrs held
Amarillo Commercial Group LP
since 2011
7 recorded transactions
Zoning & alternative use
CB · 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
by Request
CAP Approach
CAP Return
Estimation
6%
$20,740,000
6.5%
$19,145,000
7%
$17,780,000
Blend value · Realmo final
$22.20M
Range $19.98M – $24.42M · ±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
$218 / 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
$73,931
Tax year 2023
Assessed value
$3,417,000
Assessed 2024
Previous assessed
$3,417,000
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$125,015
Assessed improvement
$3,291,985
Land market value
$125,015
Improvement market value
$3,291,985
Total market value
$3,417,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1925
Heating
FORCED AIR
Stories
2
Rooms
1
Total area
101,678 SF
Lot
0.48 ac (20,909 SF)
Zoning code
CB
APN
R-031-0500-1513
UPID
US82-2506982
Jurisdiction
POTTER
Zoning & alternative use
CB · Amarillo, TX
Zoning CB · permitted uses
CB · 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.
Building & site characteristics
From public records
Year built
1925
Heating
FORCED AIR
Stories
2
Rooms
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Amarillo Commercial Group LP
Entity
Free & Clear · 15 yrs held
Mailing address
301 S POLK ST STE #320, AMARILLO, TX 79101-1405
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2022
—
Amarillo Building LLC
—
Deed
related
$1,200,000 · Amarillo National Bank
Nov 23, 2020
—
Amarillo Building LLC
—
Deed
related
$6,500,000 · Amarillo Nat'l Bk
Apr 4, 2017
—
Amarillo Building LLC
—
Grant Deed
related
$6,000,000 · Commercial Ln
Apr 18, 2011
—
Amarillo Commercial Group LP
Mrd Investments LP
Grant Deed
related
—
Aug 17, 2006
—
Amarillo Commercial Group
Mrd Investments
Grant Deed
$6,000,000 · Firstbank Of Southwest
—
—
Amarillo Building LLC
—
Deed Of Trust
related
$300,000 · Dennis C Nelson
—
—
Amarillo Building LLC
—
Deed Of Trust
related
$5,175,000 · Firstbank Southwest NA
—
—
Amarillo Building LLC
—
Loan Modification
related
$6,500,000 · Amarillo Nat'l Bk
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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