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

    716 Interstate 40 Amarillo, TX 79102-3011

    • Outlet malls
    • 57,149 SF
    • 5.03 lot acres
    OFF-MARKET
    Value Estimations
    $7,595,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2495883
    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

    • Outlet malls

    Property Details for 716 Interstate 40

    Year built
    1997
    Lot size
    5.03 lot acres
    Property size
    57,149 SF
    Zone code
    PD
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    R-073-0205-0001
    APU
    R07302050001

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $9,200,000
      6.5%
      $8,495,000
      7%
      $7,885,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $6,697,000
      Market price range: $2.50M - $8.11M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $5,305,000
      Current use
      COMMERCIAL (GENERAL)
      $9,360,000
      Change: +76% Conversion: Easy
      OFFICE BUILDING
      $8,570,000
      Change: +62% Conversion: Easy
      AUTO REPAIR, GARAGE
      $7,535,000
      Change: +42% Conversion: Difficult
      RESTAURANT
      $6,525,000
      Change: +23% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Potter
    State
    Texas
    Longitude
    -101.848
    Latitude
    35.1957
    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
    $75,117
    $875,564
    $2,797,445
    $3,673,009
    -
    $875,564
    $2,797,445
    $3,673,009

    Comparable in this City

    • Value Estimation by Request
      10,960 SF

      3015 Plns Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 10,960 SF
      3015 Plns Blvd, Amarillo, TX 79102-1229
      View Details
    • Value Estimation
      $1,055,000
      11,680 SF

      3800 Interstate 40

      WHOLESALE OUTLET, DISCOUNT STORE • 11,680 SF
      3800 Interstate 40, Amarillo, TX 79102-1710
      View Details
    • Value Estimation by Request
      9,761 SF

      1600 Washington St

      WHOLESALE OUTLET, DISCOUNT STORE • 9,761 SF
      1600 Washington St, Amarillo, TX 79102
      View Details
    • Value Estimation by Request
      104,531 SF

      1619 Kentucky St

      Neighborhood centers • 104,531 SF
      1619 Kentucky St, Amarillo, TX 79102
      View Details
    • Value Estimation by Request
      4,846 SF

      2710 10Th Ave

      Neighborhood centers • 4,846 SF
      2710 10Th Ave, Amarillo, TX 79102
      View Details
    • Value Estimation by Request
      1,500 SF

      718 Short St

      AUTO REPAIR, GARAGE • 1,500 SF
      718 Short St, Amarillo, TX 79102-3056
      View Details

    Similar Nearby for Sale

    • New
      $290,000
      3,916 SF

      Office and Warehouse Blend

      Updated office and warehouse space near I-40 and downtown.
      1502 S Lipscomb St, Amarillo, TX 79102
      View Details
    • $275,000
      2,460 SF

      Multi-Use Commercial Opportunity in Amarillo

      Five-bay shop with living space, ideal for business or live/work.
      707 S Arthur St, Amarillo, TX 79102
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    • $500,000
      4,680 SF

      Executive Office Building, Amarillo, TX

      Prime Amarillo Office, 4680 SF, $500K
      1721 Tyler St, Amarillo, TX 79102
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    • $239,900
      1,770 SF

      Amarillo Multifamily Investment Opportunity

      Turnkey duplex in Bivins neighborhood, ideal for investors.
      1408 SW 12Th Ave, Amarillo, TX 79102
      View Details
    • Contact for pricing

      Prime Land in Developing Area

      Land with utilities, suitable for retail or office development.
      7411 Southbend Dr, Amarillo, TX 79102
      View Details
    • Contact for pricing

      Prime Commercial Land on I-40

      Corner lot with high visibility on I-40 West.
      3437 W Interstate 40, Amarillo, TX 79102
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      104,531 SF

      Amarillo Executive Office Suites

      Prime Amarillo location, multiple suites available
      1619 Kentucky St, Amarillo, TX 79102
      View Details
    • $16 SF/Yr
      4,846 SF

      Amarillo Retail Strip Center

      High-traffic location, multiple units available
      2710 10Th Ave, Amarillo, TX 79102
      View Details
    • $16 SF/Yr
      8,528 SF

      Tascosa Office Park: Amarillo Office Space

      Prime Amarillo Office, Flexible Suites, High Visibility
      1916 Carolina St, Amarillo, TX 79102
      View Details
    • $1,595 /Mo

      Office Space For Rent

      Office space available for lease in Amarillo, Texas.
      1022 SW 15Th Ave, Amarillo, TX 79102
      View Details
    • $7 SF/Yr
      3,750 SF

      Amarillo Warehouse Space Available

      Three Shops, 1250-3750 sq ft
      1710 16Th Ave, Amarillo, TX 79102
      View Details
    • $16 SF/Yr
      86,411 SF

      Amarillo Executive Office Space

      Prime Amarillo Office Suites Available
      1616 Kentucky St, Amarillo, TX 79102
      View Details
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    716 Interstate 40
    Amarillo, TX 79102-3011
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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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