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Property profile & analytics
OFF-MARKET
Estimated value
$955,000
Turn key restaurants
626 Polk St Amarillo, TX 79101-2320
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US83-3910745
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1925
Total area
11,313 SF
Lot
0.29 ac (12,632 SF)
Zoning code
CB
APN
R-065-1000-0039
UPID
US83-3910745
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
-
45 Wine & Whiskey Bar & Grill Restaurant
-
45 Wine & Whiskey Bar & Grill sponsors ELEMENTS SHOT BAR AND ULTRA LOUNGE Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$955k
Owner & transaction history
Joe B Mccartt · 12 yrs held
Joe B Mccartt
since 2013
7 recorded transactions
Zoning & alternative use
CB · Amarillo, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.2M
+1.2%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,145,000
Current use
RETAIL STORES
$1,160,000
Change: +1% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,070,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±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
$84 / 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
$13,435
Tax year 2023
Assessed value
$756,408
Assessed 2024
Previous assessed
$620,935
+21.8% YoY
Effective rate
1.78%
On assessed value
Assessed land
$88,200
Assessed improvement
$668,208
Land market value
$88,200
Improvement market value
$668,208
Total market value
$756,408
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1925
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Total area
11,313 SF
Lot
0.29 ac (12,632 SF)
Zoning code
CB
APN
R-065-1000-0039
UPID
US83-3910745
Jurisdiction
POTTER
Zoning & alternative use
CB · Amarillo, TX
Zoning CB · permitted uses
CB · 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
RESTAURANT Current
Est. value
$1.1M
RETAIL STORES
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RESTAURANT Current
RETAIL STORES
AUTO REPAIR, GARAGE
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
1925
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
0.29 ac
Current owner
From public records · entity-resolved
Joe B Mccartt
Individual
Mailing address
PO BOX 9920, AMARILLO, TX 79105-5920
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2017
—
79101 Properties LP
—
Trustees Deed
related
$3,277,012 · Frontier Cap
Sep 10, 2013
—
Joe B Mccartt
Jbka Holdings II LLP
Grant Deed
related
—
Jan 5, 2009
—
Holdings Jbka II
—
Deed Of Trust
related
$1,253,963 · Amarillo National Bank
Dec 30, 2008
—
Holdings Jbka II
Downtown Amarillo Dev
Grant Deed
—
Jun 7, 2006
—
Amarillo Dev Downtown
626 Polk Ltd
Warranty Deed
—
Jun 5, 2006
—
Amarillo Dev Downtown
—
Trustees Deed
related
$1,316,700 · Amarillo National Bank
Nov 30, 2005
—
626 Polk Ltd
—
Trustees Deed
related
$69,000 · Amarillo National Bank
Apr 1, 2005
—
Gossetts INC
626 Polk Ltd
Warranty Deed
related
—
Dec 29, 2004
—
626 Polk Ltd
Woolworth Renovations Ltd
Grant Deed
$460,000 · Amarillo Nat'l Bk
—
—
79101 Properties LP
—
Deed Of Trust
related
$2,200,000 · Frontier Cap
—
—
Holdings Jbka II
—
Deed Of Trust
related
$87,818 · Amarillo National Bank
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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