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    6001 Coulter St Amarillo, TX 79119-6434
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    6001 Coulter St Amarillo, TX 79119-6434

    View on Map
    • Grocery and convenience stores
    • 4,012 SF
    • 1.06 lot acres
    Off-Market
    Property ID
    US82-3951300
    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
    $565,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Phillips 66 / Car Wash
    • Pak-A-Sak / Grocery & Convenience Store
    • Happy State Bank ATM / Atm
    • ATM (Pak-A-Sak) / Atm

    Property Details for 6001 Coulter St

    Year built
    1998
    Lot size
    1.06 lot acres
    Property size
    4,012 SF
    Zone code
    R2
    Property type
    Grocery and convenience stores
    APN
    R-073-1790-3995
    APU
    R07317903995

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $400,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $790,000
      6.5%
      $730,000
      7%
      $680,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $557,000
      Market price range: $352k - $558k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $650,000
      COMMERCIAL (GENERAL)
      $570,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -101.92
    Latitude
    35.1463
    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
    $21,464
    $784,951
    $362,597
    $1,147,548
    -
    $784,951
    $362,597
    $1,147,548

    Comparable in this City

    • Value Estimation
      $1,150,000
      13,800 SF

      Hillside Rd

      GROCERY, SUPERMARKET • 13,800 SF
      Hillside Rd, Amarillo, TX 79119
      View Details
    • Value Estimation
      $615,000
      4,496 SF

      8772 Coulter St

      CONVENIENCE STORE • 4,496 SF
      8772 Coulter St, Amarillo, TX 79119-8369
      View Details
    • Value Estimation by Request
      3,658 SF

      14841 Fm 2590

      CONVENIENCE STORE • 3,658 SF
      14841 Fm 2590, Amarillo, TX 79119-2659
      View Details
    • Value Estimation
      $2,290,000
      55,645 SF

      3552 Soncy Rd

      GROCERY, SUPERMARKET • 55,645 SF
      3552 Soncy Rd, Amarillo, TX 79119-6672
      View Details
    • Value Estimation by Request
      980 SF

      14650 Interstate 27

      CONVENIENCE STORE • 980 SF
      14650 Interstate 27, Amarillo, TX 79119-2737
      View Details
    • Value Estimation
      $545,000
      3,750 SF

      8800 Fm 2590

      CONVENIENCE STORE • 3,750 SF
      8800 Fm 2590, Amarillo, TX 79119-1652
      View Details

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      New Amarillo Oil Changers Property

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      Prime Commercial Lots For Sale

      Commercial lots in high-growth area near I-27, ideal for businesses.
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      Retail Pad Site For Sale

      Commercial land available for retail development.
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    • $2,500,000
      5,201 SF

      Commercial Property in Southwest Amarillo

      Two-building commercial property with eight spaces in rapidly expanding area.
      6103 S Coulter St, Amarillo, TX 79119
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo

      Amarillo Retail Space For Lease

      Commercial lease available in Wildflower Village, Amarillo, Texas.
      8700 Clinton Gln #600 Rd, Amarillo, TX 79119
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    • $18 SF/Yr

      New Retail, Office, Medical Space

      First-generation space in a rapidly growing Amarillo location.
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      View Details
    • $24 SF/Yr
      1,556 SF

      New Construction Retail/Office Space

      New construction office or retail space for lease.
      Pennsylvania Dr, Amarillo, TX 79119
      View Details
    • $25 SF/Yr
      2,005 SF

      Retail Space on Hillside Road

      Retail space with high visibility and traffic in Amarillo, TX.
      7669 Hillside Rd, Amarillo, TX 79119
      View Details
    • $26 SF/Yr
      1,440 SF

      New Retail or Office Space

      New construction retail or office space in southwest Amarillo.
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      View Details
    • $16 SF/Yr

      Versatile Retail Space, Amarillo, TX

      Highly visible retail space on a major street in Amarillo.
      6103 S Coulter St, Amarillo, TX 79119
      View Details
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    6001 Coulter St
    Amarillo, TX 79119-6434
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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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