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    OFF-MARKET
    Commercial real estate

    701 Farmers Ave, Amarillo, TX 79118

    6.61 ac lot Built 1965
    Property ID
    US82-2853228
    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)
    APN 217885
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • U.S. Hydroponics, LP Food Processing Plant
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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