Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4606 45th Ave Amarillo, TX 79109
    Property profile & analytics

    4606 45th Ave, Amarillo, TX 79109

    View on Map
    • Grocery and convenience stores
    • 2,091 SF
    • 0.38 lot acres
    Off-Market
    Last Sale Sep 27, 2024
    Property ID
    US82-2166769
    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

    • Grocery and convenience stores

    Property Details for 4606 45th Ave

    Year built
    2018
    Lot size
    0.38 lot acres
    Zone code
    GR
    Property type
    Grocery and convenience stores
    APN
    R-065-2300-8935
    APU
    R06523008935

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 27, 2024 — Nahid Doragi Trang Huynh Venders Lien $215k · Amarillo Capital Investments LP
    Apr 26, 2017 — Trang Huynh Crouch Anna M Warranty Deed · related —

    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
    -101.89
    Latitude
    35.1619
    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
    $3,636
    $66,211
    $152,210
    $218,421
    -
    $66,211
    $152,210
    $218,421

    Comparable in this City

    • Value Estimation
      $5,230,000
      71,049 SF

      2530 Georgia St, Unit 23

      GROCERY, SUPERMARKET
      2530 Georgia St, Amarillo, TX 79109-1927
      View Details
    • Value Estimation
      $860,000
      7,267 SF

      7410 Bell St

      CONVENIENCE STORE
      7410 Bell St, Amarillo, TX 79109-7006
      View Details
    • Value Estimation by Request
      2,530 SF

      2222 Polk St

      CONVENIENCE STORE
      2222 Polk St, Amarillo, TX 79109-2654
      View Details
    • Value Estimation by Request
      3,312 SF

      5300 Cyn Dr

      CONVENIENCE STORE
      5300 Cyn Dr, Amarillo, TX 79109-6352
      View Details
    • Value Estimation
      $550,000
      4,104 SF

      4500 Western St

      CONVENIENCE STORE
      4500 Western St, Amarillo, TX 79109-8042
      View Details
    • Value Estimation by Request
      2,397 SF

      7149 Bell St

      CONVENIENCE STORE
      7149 Bell St, Amarillo, TX 79109-7004
      View Details

    Similar Nearby for Sale

    • $585,000
      2,400 SF

      Retail Condo NNN Lease Space

      Retail condo space leased to Palm Beach Tan with NNN lease.
      6208 Hillside Rd, 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
    • $5,250,000
      46,301 SF

      Multi-Tenant Retail Shopping Center

      Signalized high-traffic corner shopping center with 21 units, satellite buildings, and billboard income potential.
      5901 Bell St, Amarillo, TX 79109
      View Details
    • Contact for pricing
      20,884 SF

      Copper Ridge Shopping Center Retail

      Retail space for sale in a bustling Amarillo location.
      6801 Bell St S, Amarillo, TX 79109
      View Details
    • $725,000
      2,800 SF

      Commercial Property with Billboard Advertising

      Commercial property with easy access and advertising opportunities in Amarillo.
      6636 Canyon Dr, Amarillo, TX 79109
      View Details
    • $1,000,000
      4,480 SF

      Amarillo Carwash on Bell Street

      4,480+/- sf carwash on 1+/- acre lot.
      4640 Bell St, Amarillo, TX 79109
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,441 SF

      Retail Space in High-Traffic Center

      Retail space available in established Amarillo shopping destination.
      2201-2603 S Georgia St, Amarillo, TX 79109
      View Details
    • Contact for pricing
      1,134 SF

      Move-in Ready Retail Space Available

      Retail space with open layout, restroom, and office/storeroom.
      2921 I-40, Amarillo, TX 79109
      View Details
    • Contact for pricing
      1,995 SF

      Retail Space in Prime Location

      Retail space available in a well-established Amarillo shopping center.
      2301-2335 S Georgia St, Amarillo, TX 79109
      View Details
    • Contact for pricing
      2,720 SF

      Retail Spaces Available for Lease

      Retail spaces available near hotels and retail businesses.
      3701 Olsen Blvd, Amarillo, TX 79109
      View Details
    • Contact for pricing
      1,122 SF

      Retail Space Near Wolfin Village

      Retail space available near high-traffic Wolfin Village.
      2002 S Georgia St, Amarillo, TX 79109
      View Details
    • Contact for pricing
      14,117 SF

      Retail Space in High-Traffic Plaza

      Retail space available in a busy Amarillo shopping center.
      3440 SW 34Th 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.
    4606 45th Ave
    Amarillo, TX 79109
    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
    4606 45th Ave, 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!