Property profile

7432 Soncy Rd Amarillo, TX 79119

FOR SALE
Specialty properties
Property ID
US82-6041659
21,280 SF 4 ac lot Built 2011
Individually Owned 12-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 21,280-square-foot commercial property, built in 2011, is situated on a four-acre lot at 7432 S Soncy Road in Amarillo, Texas, 79119. The single-story building features a range of ceiling heights from 12 to 20 feet in the main areas, offering versatile space adaptable to various uses. Zoned for commercial purposes, it's ideally suited for retail, religious, or sports/entertainment ventures. The property boasts multiple entrances, a commercial kitchen, ample restrooms, and dedicated office space. A key feature is an on-site tennis court, presenting opportunities for recreational use or as a revenue-generating amenity. The property benefits from high visibility and accessibility, situated in a rapidly growing commercial area with significant vehicle traffic. Its size and zoning allow for diverse configurations, accommodating a single large tenant or multiple smaller businesses. The property's location in Randall County offers excellent access to major transportation routes and a thriving local market. Additional adjacent acreage is also available for expansion. Priced at $5,750,000 ($270.21 per square foot), this property represents a significant investment opportunity in a prime Amarillo location.

Property profile

Verified
Property type Specialty properties
Use group PROFESSIONAL CLUBS/ASSOCIATIONS
Year built 2011
Total area 21,280 SF
Lot 4 ac (174,240 SF)
APN R-035-8560-6850
UPID US82-6041659

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
  • Church Mosque

Location

7432 Soncy Rd Amarillo, TX 79119
Amarillo metro Census 21611 AMARILLO, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$1.18M

Owner & transaction history

since 2014
3 recorded transactions
2014
Price N/A
2012
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $1.6M +18.5%
Medical building $1.4M +6.8%

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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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