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    Property profile & analytics

    302 24th St Canyon, TX 79015-3158

    • Specialty properties
    • 9,292 SF
    • 0.43 lot acres
    OFF-MARKET
    Value Estimations
    $350,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2995402
    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

    • Church of Christ Bible Chair / Church / Religious Organization

    Property Details for 302 24th St

    Year built
    1958
    Lot size
    0.43 lot acres
    Property size
    9,292 SF
    Zone code
    C
    Property type
    Specialty properties
    APN
    R-001-1300-0010
    APU
    R00113000010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $345,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $423,000
      Market price range: $346k - $716k

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

    Location Insight

    • Map
    • Local Demand
    City
    Canyon
    County
    Randall
    State
    Texas
    Longitude
    -101.918
    Latitude
    34.9804
    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
    $0.00
    $37,462
    $491,772
    $529,234
    -
    $37,462
    $491,772
    $529,234

    Comparable in this City

    • Value Estimation
      $325,000
      5,568 SF

      909 9th Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 5,568 SF
      909 9th Ave, Canyon, TX 79015-4339
      View Details
    • Value Estimation
      $310,000
      6,858 SF

      24860 Soncy Rd

      CHARITABLE ORGANIZATION • 6,858 SF
      24860 Soncy Rd, Canyon, TX 79015
      View Details
    • Value Estimation
      $390,000
      14,448 SF

      1620 4th Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 14,448 SF
      1620 4th Ave, Canyon, TX 79015-3825
      View Details
    • Value Estimation
      $330,000
      4,268 SF

      24700 Hix Dr

      CHARITABLE ORGANIZATION • 4,268 SF
      24700 Hix Dr, Canyon, TX 79015
      View Details
    • Value Estimation
      $410,000
      10,772 SF

      300 16th St

      CHARITABLE ORGANIZATION • 10,772 SF
      300 16th St, Canyon, TX 79015-2829
      View Details
    • Value Estimation by Request
      2,400 SF

      11600 Rockwell Rd

      Land • 2,400 SF
      11600 Rockwell Rd, Canyon, TX 79015
      View Details

    Similar Nearby for Sale

    • New
      $150,000
      1,800 SF

      Commercial Shop Near Highway 60

      1,800 SF commercial shop with fenced yard near Highway 60.
      903 1St Ave, Canyon, TX 79015
      View Details
    • $210,000
      2,400 SF

      Canyon, TX Light Industrial Shop

      2,400 SF Shop w/ Yard - Owner Financing Available
      11600 Rockwell Rd, Canyon, TX 79015
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    • $100,000

      Canyon Commercial Lot - Build to Suit

      Prime commercial lot, build-to-suit option, highway access.
      11851 Bold Venture Ave, Canyon, TX 79015
      View Details
    • $100,000

      Canyon Commercial Lot - Build to Suit

      Prime commercial land, highway access, build-to-suit option.
      11751 Bold Venture Ave, Canyon, TX 79015
      View Details
    • $79,900
      3.42 Acres

      Land in Gated Canyon Community

      Residential land in a gated community with lake views.
      314 Prairie Pt, Canyon, TX 79015
      View Details
    • $30,600
      2.94 Acres

      Amarillo Land For Sale

      2.94 acres of land available between Amarillo and Canyon.
      816 Canyon Pkwy, Canyon, TX 79015
      View Details

    Similar Nearby for Lease

    • $775,000
      7,784 SF

      Downtown Canyon Commercial Space Available

      Flexible commercial space in a high-traffic, growing downtown area.
      408 15Th St, Canyon, TX 79015
      View Details
    • $20 SF/Yr
      2,304 SF

      Canyon Office Space For Lease

      Office space in Canyon suitable for various business uses.
      2100 Soncy Rd, Canyon, TX 79015
      View Details
    • $18 SF/Yr

      Prime Retail Space Near University

      High-traffic location ideal for retail, restaurant, or service businesses.
      3404 4Th Ave, Amarillo, TX 79015
      View Details
    • $18 SF/Yr
      14,400 SF

      Canyon Retail Space - 3600 SF Available

      Prime Canyon retail space near WTAMU
      3404 4Th Ave, Canyon, TX 79015
      View Details
    • $22 SF/Yr
      6,700 SF

      Canyon Retail Space Available

      Prime Canyon storefront, 1,250-2,588 sq ft.
      710 23Rd St, Canyon, TX 79015
      View Details
    • $9 SF/Yr
      9,000 SF

      Canyon Industrial Flex Space

      9,000 SF Flex Space - I-27 Access
      18600 I-27 Frontage Rd Cyn, Canyon, TX 79015
      View Details
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    302 24th St
    Canyon, TX 79015-3158
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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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