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Property profile & analytics
OFF-MARKET
Estimated value
$1,115,000
Grocery and convenience stores
4021 Washington St Amarillo, TX 79110-1308
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-4497251
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1956
Total area
12,035 SF
Lot
1.02 ac (44,431 SF)
Zoning code
GR
APN
R-022-8000-2460
UPID
US82-4497251
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$1.12M
Owner & transaction history
14 Texas Real Estate LLC · 3 yrs held
14 Texas Real Estate LLC
since 2022
7 recorded transactions
Zoning & alternative use
GR · Amarillo, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+74.6%
Restaurant
$1.4M
+47.1%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$980,000
Current use
AUTO REPAIR, GARAGE
$1,715,000
Change: +75% · Conversion: Difficult
RESTAURANT
$1,445,000
Change: +47% · Conversion: Easy
WAREHOUSE, STORAGE
$925,000
Change: -6% · Conversion: Difficult
MEDICAL BUILDING
$795,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.12M
Range $1.00M – $1.23M · ±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
$93 / 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
$17,204
Tax year 2023
Assessed value
$950,379
Assessed 2024
Previous assessed
$886,993
+7.1% YoY
Effective rate
1.81%
On assessed value
Assessed land
$66,938
Assessed improvement
$883,441
Land market value
$66,938
Improvement market value
$883,441
Total market value
$950,379
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1956
Heating
FLOOR/WALL FURNACE
Stories
1
Rooms
1
Total area
12,035 SF
Lot
1.02 ac (44,431 SF)
Zoning code
GR
APN
R-022-8000-2460
UPID
US82-4497251
Jurisdiction
RANDALL
Zoning & alternative use
GR · Amarillo, TX
Zoning GR · permitted uses
GR · 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
RETAIL STORES Current
Est. value
$980,000
AUTO REPAIR, GARAGE
Est. value
$1.7M
RESTAURANT
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$925,000
MEDICAL BUILDING
Est. value
$795,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
RESTAURANT
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
1956
Heating
FLOOR/WALL FURNACE
Stories
1
Rooms
1
Lot
1.02 ac
Current owner
From public records · entity-resolved
14 Texas Real Estate LLC
Entity
Mailing address
1201 S TAYLOR ST, AMARILLO, TX 79101-4313
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2022
—
14 Texas Real Estate LLC
Lindy Dang
Venders Lien
$950,000 · Amarillo National Bank
Sep 27, 2019
—
Lindy Dang
—
Deed
related
$100,000 · Happy Sts Bk
Sep 26, 2019
—
Tri Bao Huynh
—
Deed
related
$200,000 · Happy State Bank
Feb 4, 2019
—
Tri B Huynh
—
Deed
related
$900,000 · Happy State Bank
Apr 1, 2013
—
Tri B Huynh
Lewis,larry R & Tammy
Warranty Deed
$116,000 · Amarillo National Bank
Jun 28, 2006
—
Larry R Lewis
Lewis,herbert E & Helen F
Quit Claim Deed
related
$120,000 · Herbert E & Helen F Lewis
—
—
Lindy Dang
—
Deed Of Trust
related
$100,000 · Happy Sts 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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