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Property profile & analytics
OFF-MARKET
Estimated value
$1,180,000
Warehouses
3855 Business Park Dr Amarillo, TX 79110
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-4493424
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2006
Total area
10,000 SF
Lot
1.28 ac (55,757 SF)
Zoning code
PD
APN
R-073-1810-7330
UPID
US82-4493424
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
-
Amarillo Area Appliance Service Home Appliance Store
-
Professional Finishes Painting Service General Contractor
-
806vapes wholesale (Bike/Boat/Book/etc) Store Alternative Medicine Practice
-
A Maid Just For You LLC (Bike/Boat/Book/etc) Store
-
A Maid Just For You Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.21M
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$1.18M
Owner & transaction history
Investment Capital Solutions Corp L · 2 yrs held
Investment Capital Solutions Corp L
since 2024
7 recorded transactions
Zoning & alternative use
PD · Amarillo, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.8M
+131.2%
Commercial (general)
$1.6M
+112.8%
Auto repair, garage
$1.4M
+85.1%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,305,000
6.5%
$1,205,000
7%
$1,120,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$770,000
Current use
OFFICE BUILDING
$1,780,000
Change: +131% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,640,000
Change: +113% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,425,000
Change: +85% · Conversion: Easy
RESTAURANT
$1,200,000
Change: +56% · Conversion: Difficult
RETAIL STORES
$815,000
Change: +6% · Conversion: Moderate
Blend value · Realmo final
$1.18M
Range $1.06M – $1.30M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$118 / SF
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
$12,902
Tax year 2023
Assessed value
$723,889
Assessed 2024
Previous assessed
$662,347
+9.3% YoY
Effective rate
1.78%
On assessed value
Assessed land
$55,757
Assessed improvement
$668,132
Land market value
$55,757
Improvement market value
$668,132
Total market value
$723,889
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Heating
NONE
Cooling
NONE
Stories
1
Total area
10,000 SF
Lot
1.28 ac (55,757 SF)
Zoning code
PD
APN
R-073-1810-7330
UPID
US82-4493424
Jurisdiction
RANDALL
Zoning & alternative use
PD · Amarillo, TX
Zoning PD · permitted uses
PD · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$770,000
OFFICE BUILDING
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RESTAURANT
Est. value
$1.2M
RETAIL STORES
Est. value
$815,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.28 ac
Current owner
From public records · entity-resolved
Investment Capital Solutions Corp L
Entity
Mailing address
7821 E BRIARWOOD RD, ORANGE, CA 92869-6520
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2024
—
Investment Capital Solutions Corp L
Falcon Financial Solutions
Venders Lien
$500,000 · Us Funding LLC
Jan 7, 2021
—
Falcon Financial Solutions
3855 Business Park Partners LP
Grant Deed
—
Sep 29, 2017
—
3855 Business Park Partners LP
Montecarlo INC
Grant Deed
related
—
May 2, 2016
—
Montecarlo INC
—
Deed
related
$15,431,221 · Amarillo Nat'l Bk
Apr 9, 2015
—
Montecarlo INC
—
Trustees Deed
related
$20,414,940 · Amarillo Nat'l Bk
Nov 6, 2012
—
Montecarlo INC
M & K Investments Ltd
Grant Deed
related
—
Nov 8, 2005
—
M & K Investments Ltd
Mike Long
Warranty Deed
$412,500 · Wells Fargo Bank NA
—
—
Montecarlo INC
—
Loan Modification
related
$15,431,221 · Amarillo Nat'l Bk
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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