Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7659 Hillside Rd Ste, Unit 100 Amarillo, TX 79119-8377

    • Office buildings
    • 1,972 SF
    • 0.21 lot acres
    OFF-MARKET
    Last Sale
    Sep 02, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0025420
    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 7659 Hillside Rd Ste

    Year built
    2018
    Lot size
    0.21 lot acres
    Property size
    1,972 SF
    Zone code
    GR
    Property type
    Office buildings
    APN
    R-035-2592-3460
    APU
    R03525923460

    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
    -101.925
    Latitude
    35.1467
    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
    $0.00
    $54,852
    $264,548
    $319,400
    -
    $54,852
    $264,548
    $319,400

    Comparable in this City

    • Value Estimation by Request
      134,336 SF

      5701 Time Sq

      Office buildings • 134,336 SF
      5701 Time Sq, Amarillo, TX 79119
      View Details
    • Value Estimation by Request
      2,040 SF

      12760 Interstate 27

      OFFICE BUILDING • 2,040 SF
      12760 Interstate 27, Amarillo, TX 79119-3848
      View Details
    • Value Estimation
      $575,000
      4,197 SF

      7469 Pennsylvania Dr

      OFFICE BUILDING • 4,197 SF
      7469 Pennsylvania Dr, Amarillo, TX 79119-1521
      View Details
    • Value Estimation
      $1,075,000
      10,091 SF

      Hillside Rd

      OFFICE BUILDING • 10,091 SF
      Hillside Rd, Amarillo, TX 79119
      View Details
    • Value Estimation by Request
      2,312 SF

      11817 Interstate 27

      OFFICE BUILDING • 2,312 SF
      11817 Interstate 27, Amarillo, TX 79119-3817
      View Details
    • Value Estimation by Request
      800 SF

      9200 Fm 2219

      OFFICE BUILDING • 800 SF
      9200 Fm 2219, Amarillo, TX 79119-0075
      View Details

    Similar Nearby for Sale

    • $995,000
      2,968 SF

      Modern Office Building in Amarillo

      2,968 SF office building built in 2019, zoned for office.
      7629 Hillside Rd, Amarillo, TX 79119
      View Details
    • $24,783,590
      3,812.00 Acres

      Vincent Farms: Prime TX Land

      Exceptional 3,812-acre farm, Amarillo, TX
      23700 Mcafee Rd, Amarillo, TX 79119
      View Details
    • Contact for pricing
      14.76 Acres

      Amarillo Retail Development Land

      14.76 Acres, High-Traffic Retail Site
      0 Soncy And Anton Kuster Ave, Amarillo, TX 79119
      View Details
    • $195,000
      1.09 Acres

      Amarillo Commercial Land - 1.09 Acres

      Prime Commercial Lot, High Visibility, I-27 Access
      7600 Jackelope Trl, Amarillo, TX 79119
      View Details
    • $489,552
      1.40 Acres

      Amarillo Commercial Land - $489K

      1.4-acre commercial lot, prime location.
      14900 Fm2590 - B, Amarillo, TX 79119
      View Details
    • Contact for pricing
      0.97 Acres

      Soncy & Hillside Retail Land

      Prime Amarillo retail lots, high-end area.
      6000 Soncy Rd, Amarillo, TX 79119
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      134,336 SF

      Amarillo Office Building - 134,336 SF

      Class A Office Space, SW Amarillo, TX
      5701 Time Sq, Amarillo, TX 79119
      View Details
    • $24 SF/Yr
      1,556 SF

      New Construction Retail/Office Space

      New construction office or retail space for lease.
      Pennsylvania Dr, Amarillo, TX 79119
      View Details
    • $21 SF/Yr
      2,223 SF

      Modern Office Space in Amarillo

      Prime Amarillo address with modern office spaces and ample parking.
      7759 Hillside Rd, Amarillo, TX 79119
      View Details
    • $18 SF/Yr
      16,546 SF

      Amarillo Medical & Creative Office Space

      Prime Amarillo location, flexible suites available.
      3501 Soncy Rd, Amarillo, TX 79119
      View Details
    • $22 SF/Yr
      1,440 SF

      New Retail or Office Space

      New construction retail or office space in southwest Amarillo.
      9402 Hillside Rd, Amarillo, TX 79119
      View Details
    • $24 SF/Yr

      Class A Office Space Amarillo

      Modern, well-appointed office space in The Colonies, Amarillo.
      5109 Lexington Sq, Amarillo, TX 79119
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7659 Hillside Rd Ste, Unit 100
    Amarillo, TX 79119-8377
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.