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Property profile & analytics
OFF-MARKET
Turn key restaurants
3213 Western St, Amarillo, TX 79109-1205
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-3873745
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1962
Total area
2,153 SF
Lot
1.05 ac (45,738 SF)
Zoning code
LC
APN
R-044-5000-1615
UPID
US83-3873745
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
-
Fade'em All Barbershop & Salon Barber Shop
-
Devjyn's Boutique Clothing & Fashion Store
-
GET RIGHT! With Sergio Marquez (Beto) Barber Shop
-
Lotman Gerald Insurance Agency
-
Amarillo Cellular Repair Tech Support Center (Bike/Boat/Book/etc) Store
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
Two Properties Ltd · 9 yrs held
Two Properties Ltd
since 2016
5 recorded transactions
Zoning & alternative use
LC · 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
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
$10,842
Tax year 2023
Assessed value
$466,662
Assessed 2024
Previous assessed
$557,794
-16.3% YoY
Effective rate
2.32%
On assessed value
Assessed land
$229,550
Assessed improvement
$237,112
Land market value
$229,550
Improvement market value
$237,112
Total market value
$466,662
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1962
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Total area
2,153 SF
Lot
1.05 ac (45,738 SF)
Zoning code
LC
APN
R-044-5000-1615
UPID
US83-3873745
Jurisdiction
RANDALL
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.
Building & site characteristics
From public records
Year built
1962
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
1.05 ac
Current owner
From public records · entity-resolved
Two Properties Ltd
Entity
Mailing address
7420 GOLDEN POND PL STE #100, AMARILLO, TX 79121-1977
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2016
—
Two Properties Ltd
Ray,ron & Micah
Trustees Deed
$2,564,700 · Aimbank
Jan 14, 2014
—
Ron Ray
Ron Rayl LP
Quit Claim Deed
—
Mar 20, 2006
—
Ron Ray
Baker,larry S
Grant Deed
$540,000 · Gregory Malooly
—
—
Ron Ray
—
Deed Of Trust
related
$550,000 · Bank Of Commerce
—
—
Rondel Ray
—
Deed Of Trust
related
$300,000 · International Bk/commerce
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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