Property profile

701 Farmers Ave Amarillo, TX 79118

OFF-MARKET
Commercial real estate
Property ID
US82-2853228
6.61 ac lot Built 1965
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 6.61-acre property in Amarillo, Texas (Randall County, zip code 79118, APN 217885) presents a unique opportunity to acquire a strategically developed hydroponic farm. The 8,755-square-foot facility, built in 1965 and featuring one story, includes ten 39' x 108' greenhouses and two 147' x 240' high tunnels, totaling 80,000 square feet of growing space. The property boasts recently updated infrastructure, including wet walls, efficient exhaust and gable fans, water recirculation technology, and low-energy hardware. Greenhouse 7 is connected to a germination house capable of producing 14,000 plant starts. A fully equipped warehouse with new overhead doors, an updated reception office, and dedicated quality control space complements the facility. Additionally, a converted residence provides an executive conference room and two offices. This Class B, owner-user investment opportunity is priced at $4,500,000 and offers significant potential for year-round production. The farm's design prioritizes sustainability, utilizing minimal resources and organic chemicals. Letters of Intent exist with Affiliated Foods, Sutherlands, and Double D, indicating established distribution channels. This is an ideal investment for expanding agricultural portfolios or establishing a sustainable, high-yield operation.

Property profile

Verified
Property type Commercial real estate
Year built 1965
Lot 6.61 ac (287,932 SF)
UPID US82-2853228

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Food Processing Plant

Location

701 Farmers Ave Amarillo, TX 79118
Amarillo metro
Google Maps

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

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 701 Farmers Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message