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

    6300 Cyn Dr Amarillo, TX 79109-6731

    • Office buildings
    • 2,933 SF
    • 0.38 lot acres
    OFF-MARKET
    Last Sale
    Feb 27, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2980579
    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

    • Office buildings

    Property Details for 6300 Cyn Dr

    Year built
    1958
    Lot size
    0.38 lot acres
    Property size
    2,933 SF
    Zone code
    HC
    Property type
    Office buildings
    APN
    R-035-8550-0130
    APU
    R03585500130

    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
    -101.891
    Latitude
    35.1423
    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
    2023
    $2,174
    $40,293
    $90,840
    $131,133
    -
    $40,293
    $90,840
    $131,133

    Comparable in this City

    • Value Estimation
      $5,125,000
      30,998 SF

      6200 Bell St

      OFFICE BUILDING • 30,998 SF
      6200 Bell St, Amarillo, TX 79109-6623
      View Details
    • Value Estimation
      $7,130,000
      37,798 SF

      4701 Parkside Dr

      OFFICE BUILDING • 37,798 SF
      4701 Parkside Dr, Amarillo, TX 79109-7509
      View Details
    • Value Estimation by Request
      1,705 SF

      4021 50th Ave

      OFFICE BUILDING • 1,705 SF
      4021 50th Ave, Amarillo, TX 79109-6125
      View Details
    • Value Estimation by Request
      792 SF

      2801 Buchanan St

      OFFICE BUILDING • 792 SF
      2801 Buchanan St, Amarillo, TX 79109-2723
      View Details
    • Value Estimation by Request
      5,258 SF

      3144 28th Ave

      OFFICE BUILDING • 5,258 SF
      3144 28th Ave, Amarillo, TX 79109-3169
      View Details
    • Value Estimation
      $1,365,000
      11,136 SF

      4423 45th Ave

      OFFICE BUILDING • 11,136 SF
      4423 45th Ave, Amarillo, TX 79109-5405
      View Details

    Similar Nearby for Sale

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      Freestanding Office Building For Sale

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    • $345,000
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      Functional office space with fireplaces, conference area, and kitchen/break room.
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    • $365,000

      Commercial Building with Warehouse Space

      Large commercial building with warehouse space and office areas.
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    • $5,500,000
      67,285 SF

      5120 Cyn Expy

      Bowling alleys • 67,285 SF
      5120 Cyn Expy, Amarillo, TX 79109
      View Details
    • $749,000
      32,000 SF

      Amarillo Commercial Gem

      32,000 SF Mixed-Use Building
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      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      116,963 SF

      Amarillo Executive Office Space

      High-rise office building, prime location.
      2201 Civic Cir, Amarillo, TX 79109
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    • $13 SF/Yr
      45,909 SF

      Amarillo Executive Office Suites

      Prime Amarillo Office Space, 4 Units Available
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    • $14 SF/Yr
      20,844 SF

      Copper Ridge Shopping Center

      Neighborhood centers • 20,844 SF
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    • $800 /Mo

      Office Space in Pin Oak Plaza

      Office space available for rent in Amarillo, Texas.
      3419 S Coulter St, Amarillo, TX 79109
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    • Contact for pricing
      1,250 SF

      Office and Warehouse Space Available

      Office and warehouse space for lease on Olsen Blvd.
      3350 Olsen Blvd, Amarillo, TX 79109
      View Details
    • Contact for pricing
      2,000 SF

      Amarillo Office Space for Lease

      Modern coworking & executive suites in Amarillo, TX
      2766 Duniven Cir, Amarillo, TX 79109
      View Details
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    6300 Cyn Dr
    Amarillo, TX 79109-6731
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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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