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Property profile & analytics
OFF-MARKET
Office buildings
5001 Lexington Sq Amarillo, TX 79119-6576
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US82-2890708
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2014
Total area
3,156 SF
Lot
0.44 ac (19,166 SF)
APN
R-009-1681-3125
UPID
US82-2890708
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
-
Russ Glaze - State Farm Insurance Agent Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
5001 Lexington Square Company · 2 yrs held
5001 Lexington Square Company
since 2023
7 recorded transactions
Zoning & alternative use
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2018Property tax & assessments
Tax year 2018
Tax billed
$13,123
Tax year 2018
Assessed value
$614,791
Assessed 2024
Previous assessed
$541,394
+13.6% YoY
Effective rate
2.13%
On assessed value
Assessed land
$100,624
Assessed improvement
$514,167
Land market value
$100,624
Improvement market value
$514,167
Total market value
$614,791
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
2014
Heating
NONE
Cooling
NONE
Stories
1
Total area
3,156 SF
Lot
0.44 ac (19,166 SF)
APN
R-009-1681-3125
UPID
US82-2890708
Jurisdiction
RANDALL
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2014
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
5001 Lexington Square Company
Entity
Mailing address
5001 LEXINGTON SQ, AMARILLO, TX 79119-6576
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2023
—
5001 Lexington Square Company
Rkgr Real Estate LLC
Venders Lien
$512,000 · Rkgr Real Est LLC
Sep 7, 2021
—
Rkgr Real Estate LLC
—
Deed
related
$512,000 · Happy State Bank
Oct 2, 2015
—
Rkgr Real Estate LLC
Glaze,russ & Kristen
Grant Deed
related
—
Nov 5, 2014
—
Glaze,russ & Kristen
—
Trustees Deed
related
$169,200 · First United Bk
Mar 18, 2014
—
Glaze,russell & Kristen
—
Trustees Deed
related
$388,000 · First United Bk
Nov 20, 2013
—
Russ Glaze
Rockrose Dev LLC
Grant Deed
—
—
—
Russ Glaze
—
Deed Of Trust
related
$50,000 · First United Bank
—
—
Russell Glaze
—
Deed Of Trust
related
$177,000 · Community Dev Commission
—
—
Glaze,russ & Kristen
—
Deed Of Trust
related
$211,500 · First United 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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