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Property profile & analytics
OFF-MARKET
Estimated value
$1,615,000
Hotels
8231 Amarillo Blvd 40 Amarillo, TX 79124-2106
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-6091530
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2010
Total area
83,748 SF
Lot
4.55 ac (198,198 SF)
Zoning code
HC
APN
R-005-7540-0385
UPID
US82-6091530
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
-
Tesla Supercharger Electric Vehicle Charging Station
-
Holiday Inn Amarillo West Medical Center, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.62M
Owner & transaction history
Bhavin Hospitality LLC · 12 yrs held
Bhavin Hospitality LLC
since 2013
7 recorded transactions
Zoning & alternative use
HC · Amarillo, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Amarillo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Amarillo submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,940,000
Current use
Blend value · Realmo final
$1.62M
Range $1.45M – $1.78M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$19 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$90,185
Tax year 2023
Assessed value
$7,200,000
Assessed 2024
Previous assessed
$7,312,056
-1.5% YoY
Effective rate
1.25%
On assessed value
Assessed land
$1,189,188
Assessed improvement
$6,010,812
Land market value
$1,189,188
Improvement market value
$6,010,812
Total market value
$7,200,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2010
Heating
NONE
Stories
4
Units
153
Rooms
151
Total area
83,748 SF
Lot
4.55 ac (198,198 SF)
Zoning code
HC
APN
R-005-7540-0385
UPID
US82-6091530
Jurisdiction
POTTER
Zoning & alternative use
HC · Amarillo, TX
Zoning HC · permitted uses
HC · Amarillo, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Amarillo. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.9M
HOTEL/MOTEL Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2010
Heating
NONE
Stories
4
Units
153
Rooms
151
Lot
4.55 ac
Current owner
From public records · entity-resolved
Bhavin Hospitality LLC
Entity
Mailing address
13155 ATTN ROBERT HIBBERD VANCOUVER BC 6TH RD STE 5TH XX
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2013
—
Bhavin Hospitality LLC
Jayanti M Nathu
Warranty Deed
$6,188,000 · Happy Sts Bk
Jun 13, 2011
—
I Ram Money Tree Invs Ltd
—
Trustees Deed
related
$554,850 · National Bk/commerce
Apr 23, 2010
—
I Ram Money Tree Invs Ltd
Nathu,jayanti M
Grant Deed
$5,620,000 · National Bk/commerce
Dec 11, 2009
—
Nathu,jayanti M
Furniture Row USA LLC
Grant Deed
$2,030,000 · Private Individual
—
—
I Ram Money Tree Invs Ltd
—
Deed Of Trust
related
$554,468 · National Bank Commerce Tr & Sa
—
—
I Ram Money Tree Invs Ltd
—
Deed Of Trust
related
$6,174,850 · National Bk/commerce
—
—
I Ram Money Tree Invs Ltd
—
Deed Of Trust
related
$1,500,000 · Community Dev Commission
—
—
Jayanti M Nathu
—
Loan Modification
related
$753,829 · Happy Sts Bk
—
—
I Ram Money Tree Invs Ltd
—
Deed Of Trust
related
$5,620,000 · National Bank Commerce Tr & Sa
—
—
I Ram Money Tree Invs Ltd
—
Deed Of Trust
related
$1,486,771 · National Bank Commerce Tr & Sa
—
—
Nathu,jayanti M
—
Deed Of Trust
related
$820,000 · Happy Sts Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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