Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7775 Interstate 40 Amarillo, TX 79118-6915
    Back to Search
    Property profile & analytics

    7775 Interstate 40, Amarillo, TX 79118-6915

    View on Map
    • Hotels
    • 66,756 SF
    • 6.21 lot acres
    Off-Market
    Property ID
    US82-9810596
    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.
    Value Estimations
    $1,290,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hotels

    Property Details for 7775 Interstate 40

    Year built
    2020
    Lot size
    6.21 lot acres
    Property type
    Hotels
    APN
    R-001-5500-0530
    APU
    R00155000530

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 9, 2019 — Route 66 Amarillo LLC Route 66 Dev LLC Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $1,545,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Potter
    State
    Texas
    Longitude
    -101.753
    Latitude
    35.194
    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
    $127,105
    $338,135
    $5,386,117
    $5,724,252
    -
    $338,135
    $5,386,117
    $5,724,252

    Comparable in this City

    • Value Estimation
      $1,470,000
      89,740 SF

      7777 Interstate 40

      HOTEL
      7777 Interstate 40, Amarillo, TX 79118-6915
      View Details
    • Value Estimation
      $1,305,000
      87,936 SF

      7799 Interstate 40

      HOTEL
      7799 Interstate 40, Amarillo, TX 79118-6915
      View Details
    • Value Estimation
      $1,125,000
      44,082 SF

      9401 Interstate 40

      HOTEL
      9401 Interstate 40, Amarillo, TX 79118-6960
      View Details
    • Value Estimation
      $2,080,000
      52,318 SF

      9305 Interstate 40

      HOTEL
      9305 Interstate 40, Amarillo, TX 79118-6907
      View Details
    • Value Estimation
      $2,080,000
      53,855 SF

      1740 Airport Blvd

      HOTEL
      1740 Airport Blvd, Amarillo, TX 79118-6978
      View Details
    • Value Estimation
      $610,000
      20,277 SF

      8701 Interstate 40

      MOTEL
      8701 Interstate 40, Amarillo, TX 79118-6932
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      High Traffic I-40 Frontage Land

      Land with I-40 frontage, great access, and excellent visibility.
      & IN S Lakeside Dr, Amarillo, TX 79118
      View Details
    • $584,140

      Commercial Land in Developing Area

      Land tract in rapidly developing commercial and residential area.
      3203 SW 58Th Ave West, Amarillo, TX 79118
      View Details
    • Contact for pricing

      Pilgrim Dr, Amarillo, TX 79118

      Commercial land
      Pilgrim Dr, Amarillo, TX 79118
      View Details
    • Contact for pricing

      Prime Land for Retail, Industrial

      Two lots available for retail or industrial use.
      9000 S Georgia St, Amarillo, TX 79118
      View Details
    • Contact for pricing

      Prime Location Retail Lot

      8.22 acre lot in Southwest Amarillo near I-27.
      W Farmers Ave, Amarillo, TX 79118
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Versatile Office and Shop Space

      Office and shop space suitable for commercial or industrial use.
      9410 3Rd Ave SE, Amarillo, TX 79118
      View Details
    • $13 SF/Yr
      4,000 SF

      Office and Shop Flex Space

      Flex office and shop layout includes private offices, reception, and two overhead doors for commercial operations.
      9410 3Rd Ave SE, Amarillo, TX 79118
      View Details
    • Contact for pricing
      34,596 SF

      Warehouse with Fenced Yard

      Manufacturing or general use warehouse with large, concrete fenced yard.
      9601 S Georgia St, Amarillo, TX 79118
      View Details
    • Contact for pricing
      1,500 SF

      New Construction Flex Space Available

      New construction flex space near residential developments, available January 2022.
      4010 Beacon Rd, Amarillo, TX 79118
      View Details
    • Contact for pricing
      1,750 SF

      Retail Space in Tradewind Village

      Retail space available in southeast Amarillo's Tradewind Village.
      1900 SE 34Th Ave, Amarillo, TX 79118
      View Details
    • Contact for pricing
      7,200 SF

      Retail Center Under Construction

      New retail center with high visibility and easy access.
      7200 W Mccormick Rd, Amarillo, TX 79118
      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.
    7775 Interstate 40
    Amarillo, TX 79118-6915
    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

    Thank You for Inquiry
    7775 Interstate 40, Amarillo, TX, 79118
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!