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Property profile & analytics
OFF-MARKET
Estimated value
$10,505,000
Office buildings
4320 Western St Amarillo, TX 79109-6196
Entity Owned
5-yr Hold
Free & Clear
Property ID
US82-3873011
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1974
Total area
63,893 SF
Lot
5.48 ac (238,709 SF)
Zoning code
GR
APN
R-065-2300-8985
UPID
US82-3873011
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
-
Randall County Tax Assessor County Government Office
-
Randall County Annex County Government Office
-
Randall County Justice-Peace County Government Office
-
Randall County Civil Division County Government Office
-
Vines Martha Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.03M
Comparable Approach
Comparable
$8.98M
Blend (final)
Blend
$10.51M
Owner & transaction history
County Of Randall · 5 yrs held
County Of Randall
since 2021
3 recorded transactions
Zoning & alternative use
GR · Amarillo, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$13,035,000
6.5%
$12,030,000
7%
$11,170,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,345,000
Current use
COMMERCIAL (GENERAL)
$8,320,000
Change: 0% · Conversion: Easy
RESTAURANT
$6,830,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$10.51M
Range $9.45M – $11.56M · ±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
$164 / 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
Assessed value
$6,253,003
Assessed 2024
Previous assessed
$6,253,003
+0.0% YoY
Assessed land
$954,835
Assessed improvement
$5,298,168
Land market value
$954,835
Improvement market value
$5,298,168
Total market value
$6,253,003
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1974
Heating
YES
Cooling
YES
Stories
1
Rooms
1
Total area
63,893 SF
Lot
5.48 ac (238,709 SF)
Zoning code
GR
APN
R-065-2300-8985
UPID
US82-3873011
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
OFFICE BUILDING Current
Est. value
$8.3M
COMMERCIAL (GENERAL)
Est. value
$8.3M
RESTAURANT
Est. value
$6.8M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
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
1974
Heating
YES
Cooling
Yes
Stories
1
Rooms
1
Lot
5.48 ac
Current owner
From public records · entity-resolved
County Of Randall
Entity
Free & Clear · 5 yrs held
Mailing address
501 16TH ST STE #301, CANYON, TX 79015-3823
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2021
—
County Of Randall
Samuel Mark Wallen
Sheriffs Deed
related
—
Apr 9, 2021
$17,000
Alisha Vieths
Estate Of Freddie D Williams
Sheriffs Deed
related
—
Aug 25, 2016
—
Randall County
Amarillo Economic Dev Corp
Grant Deed
related
—
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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