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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Turn key restaurants
907 23rd St Canyon, TX 79015-4645
Entity Owned
Absentee Owner
Free & Clear
Property ID
US82-4321864
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1992
Total area
4,960 SF
Lot
1.05 ac (45,738 SF)
Zoning code
C
APN
R-009-2150-2725
UPID
US82-4321864
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
-
Canyon Physical Therapy Physician
-
Watermill Express Big Box & Wholesale Store
-
Jennifer M. Winfrey, PT Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$360k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$686k
Blend (final)
Blend
$525k
Owner & transaction history
911 23RD
911 23RD
Zoning & alternative use
C · Canyon, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$870,000
+64.0%
Commercial (general)
$795,000
+50.6%
Auto repair, garage
$655,000
+23.4%
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 Canyon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Canyon 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
$360,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$530,000
Current use
OFFICE BUILDING
$870,000
Change: +64% · Conversion: Moderate
COMMERCIAL (GENERAL)
$795,000
Change: +51% · Conversion: Easy
AUTO REPAIR, GARAGE
$655,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$585,000
Change: +10% · Conversion: Easy
WAREHOUSE, STORAGE
$510,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$106 / 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 2018Property tax & assessments
Tax year 2018
Tax billed
$17,567
Tax year 2018
Assessed value
$890,338
Assessed 2024
Previous assessed
$944,835
-5.8% YoY
Effective rate
1.97%
On assessed value
Assessed land
$137,214
Assessed improvement
$753,124
Land market value
$137,214
Improvement market value
$753,124
Total market value
$890,338
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1992
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Rooms
1
Total area
4,960 SF
Lot
1.05 ac (45,738 SF)
Zoning code
C
APN
R-009-2150-2725
UPID
US82-4321864
Jurisdiction
RANDALL
Zoning & alternative use
C · Canyon, TX
Zoning C · permitted uses
C · Canyon, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Canyon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$530,000
OFFICE BUILDING
Est. value
$870,000
COMMERCIAL (GENERAL)
Est. value
$795,000
AUTO REPAIR, GARAGE
Est. value
$655,000
RETAIL STORES
Est. value
$585,000
WAREHOUSE, STORAGE
Est. value
$510,000
RESTAURANT Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
1992
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Rooms
1
Lot
1.05 ac
Current owner
From public records · entity-resolved
911 23RD
Individual
Free & Clear · 0 yrs held
Mailing address
1800 S PO BOX 50925TH ST STE #215, AMARILLO, TX 79159-0925
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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