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

    4717 Washington St Amarillo, TX 79110-2619

    • Outlet malls
    • 54,728 SF
    • 5.07 lot acres
    OFF-MARKET
    Last Sale
    Aug 07, 2020
    Value Estimations
    $1,550,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2985787
    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

    • Sutherlands HomeBase / Home Improvement Store / Garden Center

    Property Details for 4717 Washington St

    Year built
    1975
    Lot size
    5.07 lot acres
    Property size
    54,728 SF
    Zone code
    I1
    Property type
    Outlet malls
    APN
    R-086-1150-0240
    APU
    R08611500240

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -101.847
    Latitude
    35.1611
    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
    2018
    $15,518
    $165,772
    $550,973
    $716,745
    -
    $165,772
    $550,973
    $716,745

    Comparable in this City

    • Value Estimation
      $815,000
      8,340 SF

      4203 Cyn Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 8,340 SF
      4203 Cyn Dr, Amarillo, TX 79110-1105
      View Details
    • Value Estimation
      $2,205,000
      24,870 SF

      8511 Ih 27

      WHOLESALE OUTLET, DISCOUNT STORE • 24,870 SF
      8511 Ih 27, Amarillo, TX 79110
      View Details
    • Value Estimation
      $1,370,000
      13,619 SF

      8521 Cyn Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 13,619 SF
      8521 Cyn Dr, Amarillo, TX 79110-4810
      View Details
    • Value Estimation
      $980,000
      5,890 SF

      4300 Georgia St

      AUTO REPAIR, GARAGE • 5,890 SF
      4300 Georgia St, Amarillo, TX 79110-1722
      View Details
    • Value Estimation by Request
      5,768 SF

      5018 Susan Dr

      GYM, HEALTH SPA • 5,768 SF
      5018 Susan Dr, Amarillo, TX 79110-2331
      View Details
    • Value Estimation by Request
      2,804 SF

      3657 Cyn Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,804 SF
      3657 Cyn Dr, Amarillo, TX 79110-1455
      View Details

    Similar Nearby for Sale

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      3,491 SF

      Convenience Store with Car Wash

      Existing convenience store with gas pumps and attached car wash.
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      I-27 & S Bonham Property

      Property with excellent accessibility and visibility at I-27 & S Bonham.
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    • Contact for pricing
      15.50 Acres

      Amarillo Commercial Land Investment

      15.5 Acres, Prime South Amarillo Location
      TX-335 Loop, Amarillo, TX 79110
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    • $2,200,000
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      12,153 SF building with high visibility and flexible layout.
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      3.73 Acres

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      Prime Amarillo retail land, high traffic, $6.50/SF
      5700 Georgia St, Amarillo, TX 79110
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    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
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    • $14 SF/Yr
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      Amarillo Retail Building For Sale

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

      Prime Retail Space, Amarillo, TX

      Three Suites Available, High Traffic Area
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    • $7 SF/Yr
      19,434 SF

      Canyon Business Park Flex Space

      Industrial Flex & Warehouse Units Available
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    • $1,055 /Mo
      1,290 SF

      Versatile Flex Space in Amarillo

      Adaptable office and warehouse spaces in a business park.
      3852 Business Park Dr, Amarillo, TX 79110
      View Details
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    4717 Washington St
    Amarillo, TX 79110-2619
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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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