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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Office buildings
616 Polk St Amarillo, TX 79107-5234
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-4191383
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1950
Total area
3,862 SF
Lot
0.19 ac (8,276 SF)
Zoning code
I1
APN
R-031-0500-8270
UPID
US83-4191383
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
-
Davis Geomatics Land Surveyor
-
Belflower Realty Group Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$330k
CAP Approach
CAP
$725k
Comparable Approach
Comparable
$538k
Blend (final)
Blend
$530k
Owner & transaction history
Belflower Holdings LLC · 3 yrs held
Belflower Holdings LLC
since 2022
5 recorded transactions
Zoning & alternative use
I1 · 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
$330,000
CAP Approach
CAP Return
Estimation
6%
$790,000
6.5%
$725,000
7%
$675,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$845,000
Current use
COMMERCIAL (GENERAL)
$685,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$137 / 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
Tax billed
$3,669
Tax year 2023
Assessed value
$186,497
Assessed 2024
Previous assessed
$169,559
+10.0% YoY
Effective rate
1.97%
On assessed value
Assessed land
$16,553
Assessed improvement
$169,944
Land market value
$16,553
Improvement market value
$169,944
Total market value
$186,497
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
1950
Heating
NONE
Cooling
NONE
Stories
1
Rooms
1
Total area
3,862 SF
Lot
0.19 ac (8,276 SF)
Zoning code
I1
APN
R-031-0500-8270
UPID
US83-4191383
Jurisdiction
POTTER
Zoning & alternative use
I1 · Amarillo, TX
Zoning I1 · permitted uses
I1 · 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
$845,000
COMMERCIAL (GENERAL)
Est. value
$685,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
1950
Heating
NONE
Cooling
Yes
Stories
1
Rooms
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Belflower Holdings LLC
Entity
Mailing address
1301 CLYDE ST, AMARILLO, TX 79106-4209
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2022
—
Belflower Holdings LLC
Firewater Realty LLC
Venders Lien
$205,000 · Firewater Realty LLC
Jul 27, 2021
—
Firewater Realty LLC
A Squared Properties Investments Ll
Venders Lien
$115,000 · Happy State Bank
Feb 20, 2020
—
A Squared Property Investments LLC
Jeremy Davis
Venders Lien
$102,000 · Western Bank
Mar 21, 2006
—
Jeremy Davis
Chudej,william J
Warranty Deed
$83,000 · Citibank Texas NA
—
—
Jeremy D Davis
—
Loan Modification
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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