Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3609 Georgia St Amarillo, TX 79109-4847
    Back to Search
    Property profile & analytics

    3609 Georgia St, Amarillo, TX 79109-4847

    View on Map
    • Medical Office Space
    • 2,148 SF
    • 0.19 lot acres
    Off-Market
    Last Sale Jan 9, 2020
    Property ID
    US83-4142159
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Full Smile Dental / Dental Office
    • Dr. Emily Donnell / Dental Office

    Property Details for 3609 Georgia St

    Year built
    1985
    Lot size
    0.19 lot acres
    Zone code
    O
    Property type
    Medical Office Space
    Property subtype
    Medical space
    APN
    R-061-4000-2700
    APU
    R06140002700

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 9, 2020 — Dpig LLC Robbi Jolyn Pudwill Venders Lien $156k · Amarillo National Bank
    Jun 9, 2006 — Robbi J Pudwill Yehud Group Ltd Warranty Deed $138k · Yehud Group Ltd

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -101.866
    Latitude
    35.1737
    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
    $3,383
    $32,500
    $77,427
    $109,927
    -
    $32,500
    $77,427
    $109,927

    Comparable in this City

    • Value Estimation
      $1,940,000
      19,736 SF

      2300 Wolflin Ave

      MEDICAL BUILDING
      2300 Wolflin Ave, Amarillo, TX 79109-1832
      View Details
    • Value Estimation by Request
      3,068 SF

      2602 Kentucky St

      DENTAL BUILDING
      2602 Kentucky St, Amarillo, TX 79109-1721
      View Details
    • Value Estimation by Request
      3,308 SF

      2401 Commerce St

      DENTAL BUILDING
      2401 Commerce St, Amarillo, TX 79109-1513
      View Details
    • Value Estimation by Request
      9,942 SF

      3408 Olsen Blvd

      MEDICAL BUILDING
      3408 Olsen Blvd, Amarillo, TX 79109-3017
      View Details
    • Value Estimation
      $975,000
      9,372 SF

      2700 Paramount Blvd

      MEDICAL BUILDING
      2700 Paramount Blvd, Amarillo, TX 79109-3009
      View Details
    • Value Estimation by Request
      2,450 SF

      4014 34th Ave

      MEDICAL BUILDING
      4014 34th Ave, Amarillo, TX 79109-4434
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,990 SF

      Refined Office Space For Sale

      Functional office space with fireplaces, conference areas, and kitchen.
      2700 S Western St, Amarillo, TX 79109
      View Details
    • $460,000

      Spacious Office Space with I-27 Frontage

      End-cap office space featuring executive offices, secure rooms, and generator.
      5500 Bluebird St, Amarillo, TX 79109
      View Details
    • Contact for pricing
      8,000 SF

      Amarillo Commercial Property For Sale

      8,000 SF commercial property in Amarillo, Texas for sale.
      4710 Bell St, Amarillo, TX 79109
      View Details
    • Contact for pricing
      12,153 SF

      High-Traffic Commercial Building in Amarillo

      12,153 SF building with high visibility and flexible layout.
      4530 Canyon Dr, Amarillo, TX 79109
      View Details
    • New
      $699,000
      24,000 SF

      Four-Story Office Building

      Four-story office building with open floor plans on each level and a TPO roof system with lifetime warranty.
      2711 Stanley St, Amarillo, TX 79109
      View Details
    • $345,000
      1,990 SF

      Refined Office Space in Amarillo

      Functional office space with fireplaces, conference area, and kitchen/break room.
      2700 S Western St, Amarillo, TX 79109
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Established Amarillo Shopping Center Space

      Prime location near I-40 suitable for retail or medical.
      2803 Civic Cir, Amarillo, TX 79109
      View Details
    • Contact for pricing

      Retail Space in High-Traffic Corridor

      Exceptional retail opportunities in a vibrant, high-traffic Amarillo location.
      7200 SW 45Th Ave, Amarillo, TX 79109
      View Details
    • Contact for pricing

      Remodeled Shopping Center Space Available

      Newly remodeled shopping center with flexible suites for retail/office/medical.
      2511 Paramount Blvd, Amarillo, TX 79109
      View Details
    • $14 SF/Yr
      20,844 SF

      Copper Ridge Shopping Center

      Neighborhood centers
      6801 Bell St, Amarillo, TX 79109
      View Details
    • Contact for pricing

      Office Building with Natural Lighting

      Office building with natural lighting atrium in southwest Amarillo.
      3505 Olsen Blvd, Amarillo, TX 79109
      View Details
    • Contact for pricing
      291 SF

      Move-in Ready Office Space Available

      Strategically located office space with 16 individual offices for rent.
      4037 SW 50Th Ave, Amarillo, TX 79109
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3609 Georgia St
    Amarillo, TX 79109-4847
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3609 Georgia St, Amarillo, TX, 79109
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!