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    3340 Western St Amarillo, TX 79109-3242
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    Property profile & analytics

    3340 Western St, Amarillo, TX 79109-3242

    View on Map
    • Drug stores
    • 11,937 SF
    • 1.49 lot acres
    Off-Market
    Property ID
    US83-4017071
    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.
    Value Estimations
    $700,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CVS Photo / (Bike/Boat/Book/etc) Store
    • CVS Pharmacy / Pharmacy
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store
    • Buy Bitcoin / Crypto Atm
    • LibertyX Bitcoin ATM / Atm

    Property Details for 3340 Western St

    Year built
    2008
    Lot size
    1.49 lot acres
    Zone code
    GR
    Property type
    Drug stores
    APN
    R-044-9700-0900
    APU
    R04497000900

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 10, 2025 — Amarillo Net Lease LLC Surrey Drug Store 7757 LP Special Warranty Deed —
    Aug 9, 2011 — Surrey Drug Store 7757 LP Scp 2009-c32-catx LP Grant Deed · related —
    Jan 15, 2008 — Cvs Pharmacy INC Gilbert,jere M Grant Deed · related —
    — — Scp 2009-c32-catx LP — Deed Of Trust · related $3.8M · Wells Fargo Bk Northwest NA (t

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $540,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $862,000
      Market price range: $514k - $1.29M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $880,000
      Current use
      AUTO REPAIR, GARAGE
      $1,125,000
      Change: +28% Conversion: Difficult
      WAREHOUSE, STORAGE
      $970,000
      Change: +11% Conversion: Difficult
      MEDICAL BUILDING
      $880,000
      Change: +0% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -101.885
    Latitude
    35.1768
    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
    2018
    $28,597
    $584,140
    $451,255
    $1,035,395
    -
    $584,140
    $451,255
    $1,035,395

    Comparable in this City

    • Value Estimation
      $515,000
      9,907 SF

      2012 Washington St

      DRUG STORE, PHARMACY
      2012 Washington St, Amarillo, TX 79109-2415
      View Details
    • Value Estimation
      $1,290,000
      14,505 SF

      4504 Western St

      DRUG STORE, PHARMACY
      4504 Western St, Amarillo, TX 79109-8042
      View Details
    • Value Estimation
      $1,310,000
      15,036 SF

      5921 Hillside Rd

      DRUG STORE, PHARMACY
      5921 Hillside Rd, Amarillo, TX 79109-6294
      View Details
    • Value Estimation
      $780,000
      14,406 SF

      2601 Georgia St

      DRUG STORE, PHARMACY
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      View Details
    • Value Estimation by Request
      31,179 SF

      2803 Civic Cir

      Neighborhood centers
      2803 Civic Cir, Amarillo, TX 79109
      View Details
    • Value Estimation
      $1,780,000
      56,751 SF

      4225 Danbury Dr

      GYM, HEALTH SPA
      4225 Danbury Dr, Amarillo, TX 79109-5199
      View Details

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      Retail Condo NNN Lease Space

      Retail condo space leased to Palm Beach Tan with NNN lease.
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      Retail Property in High-Traffic Corridor

      Freestanding retail building in Amarillo's established retail corridor.
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    • $5,250,000
      46,301 SF

      Multi-Tenant Retail Shopping Center

      Signalized high-traffic corner shopping center with 21 units, satellite buildings, and billboard income potential.
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    • $550,000
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      4001 SW 51st St - Whiskey River Bar

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      Amarillo TX Collision Center For Sale

      Collision center with corporate guaranteed lease in high-growth Amarillo market.
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    Similar Nearby for Lease

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      2,441 SF

      Retail Space in High-Traffic Center

      Retail space available in established Amarillo shopping destination.
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      View Details
    • Contact for pricing
      1,134 SF

      Move-in Ready Retail Space Available

      Retail space with open layout, restroom, and office/storeroom.
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      View Details
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      1,995 SF

      Retail Space in Prime Location

      Retail space available in a well-established Amarillo shopping center.
      2301-2335 S Georgia St, Amarillo, TX 79109
      View Details
    • Contact for pricing
      2,720 SF

      Retail Spaces Available for Lease

      Retail spaces available near hotels and retail businesses.
      3701 Olsen Blvd, Amarillo, TX 79109
      View Details
    • Contact for pricing
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      Retail Space Near Wolfin Village

      Retail space available near high-traffic Wolfin Village.
      2002 S Georgia St, Amarillo, TX 79109
      View Details
    • Contact for pricing
      14,117 SF

      Retail Space in High-Traffic Plaza

      Retail space available in a busy Amarillo shopping center.
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      View Details
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    3340 Western St
    Amarillo, TX 79109-3242
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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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