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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3611 Washington St Amarillo, TX 79110

    • Grocery and convenience stores
    • 2,346 SF
    • 0.32 lot acres
    OFF-MARKET
    Value Estimations
    $310,000
    Show details
    Cap Rate Potential
    9.1%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US82-2140388
    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

    • ATM / Atm

    Property Details for 3611 Washington St

    Year built
    1978
    Lot size
    0.32 lot acres
    Property size
    2,346 SF
    Zone code
    GR
    Property type
    Grocery and convenience stores
    APN
    R-044-6400-1300
    APU
    R04464001300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $305,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $465,000
      6.5%
      $425,000
      7%
      $395,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $205,000
      Market price range: $206k - $326k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $420,000
      COMMERCIAL (GENERAL)
      $385,000
      AUTO REPAIR, GARAGE
      $335,000
      RETAIL STORES
      $190,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -101.848
    Latitude
    35.1756
    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
    $3,748
    $55,757
    $169,523
    $225,280
    -
    $55,757
    $169,523
    $225,280

    Comparable in this City

    • Value Estimation
      $435,000
      9,354 SF

      Washington St

      CONVENIENCE STORE • 9,354 SF
      Washington St, Amarillo, TX 79110
      View Details
    • Value Estimation
      $865,000
      35,939 SF

      4701 Washington St

      GROCERY, SUPERMARKET • 35,939 SF
      4701 Washington St, Amarillo, TX 79110-2619
      View Details
    • Value Estimation
      $345,000
      4,370 SF

      7201 Western St

      CONVENIENCE STORE • 4,370 SF
      7201 Western St, Amarillo, TX 79110-4169
      View Details
    • Value Estimation
      $275,000
      2,828 SF

      4520 Georgia St

      CONVENIENCE STORE • 2,828 SF
      4520 Georgia St, Amarillo, TX 79110-1726
      View Details
    • Value Estimation
      $310,000
      2,400 SF

      7006 Western St

      CONVENIENCE STORE • 2,400 SF
      7006 Western St, Amarillo, TX 79110-4145
      View Details
    • Value Estimation
      $280,000
      1,363 SF

      4041 Washington St

      CONVENIENCE STORE • 1,363 SF
      4041 Washington St, Amarillo, TX 79110-1308
      View Details

    Similar Nearby for Sale

    • $1,250,000
      3,491 SF

      Convenience Store with Car Wash

      Existing convenience store with gas pumps and attached car wash.
      5815 S Western St, Amarillo, TX 79110
      View Details
    • $2,200,000
      12,153 SF

      High-Traffic Commercial Building in Amarillo

      12,153 SF building with high visibility and flexible layout.
      4530 Canyon Dr, Amarillo, TX 79110
      View Details
    • Contact for pricing
      15.50 Acres

      Amarillo Commercial Land Investment

      15.5 Acres, Prime South Amarillo Location
      TX-335 Loop, Amarillo, TX 79110
      View Details
    • $1,600,000
      15,748 SF

      I-27 & S Bonham Property

      Property with excellent accessibility and visibility at I-27 & S Bonham.
      4101 Canyon Dr, Amarillo, TX 79110
      View Details
    • $499,000
      2,842 SF

      Canyon Drive Commercial Property

      Light commercial property with excellent access and visibility.
      4001 Canyon Dr, Amarillo, TX 79110
      View Details
    • $345,000
      1.58 Acres

      Amarillo Commercial Land - 1.58 Acres

      Prime Amarillo development land, ideal for mixed-use.
      0 58Th Ave, Amarillo, TX 79110
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      3,000 SF

      Retail Space Near High Traffic

      Retail property with ample parking and easy highway access.
      4000 SW 58Th Ave, Amarillo, TX 79110
      View Details
    • $14 SF/Yr
      2,700 SF

      Amarillo Retail Building For Sale

      High-traffic location, 2700 sq ft.
      4600 Washington St, Amarillo, TX 79110
      View Details
    • $10 SF/Yr
      19,436 SF

      Prime Retail Space, Amarillo, TX

      Three Suites Available, High Traffic Area
      58 58Th Ave, Amarillo, TX 79110
      View Details
    • $14 SF/Yr
      800 SF

      Amarillo Office Space For Lease

      800 sq ft, Retail/Office, 3 Suites Available
      4516 Georgia St, Amarillo, TX 79110
      View Details
    • $1,575 /Mo
      2,600 SF

      Versatile Business Park Space Available

      Flexible leases in a prestigious Amarillo business park.
      3970 Business Park Dr, Amarillo, TX 79110
      View Details
    • $745 /Mo
      1,000 SF

      Versatile Flex Space in Amarillo

      Adaptable flex, office, and warehouse spaces in a business park.
      4092 Business Park Dr, Amarillo, TX 79110
      View Details
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    3611 Washington St
    Amarillo, TX 79110
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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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