Last 24 Hours
$489,000
3506 Spade Dr, Amarillo, TX, 79104
Pending
Commercial
— Beds
— Bath
15,976 Sq Ft
$30.61 / sqft
Built in 1957Highlights
Interior
Bedrooms —
Bathrooms —
Heating Floor/WallExterior
Lot Size1.48 acres
Building Information
Year Built1957
Stories1
Land Information
APNR-022-0700-1450
SubdivisionFamous Heights Park Addn
Land UseCommercial
Legal DescriptionFAMOUS HEIGHTS PARK ADDN, BLK 0014, 8 THRU 15 PLUS VACATED ALLEY
Census Tract011000
Assessed Land Value$45,128
Assessed Improvement Value$195,024
Assessment Year2025
About this property
Large commercial building that sits on a large lot and could be converted into multiple uses including a retail store, event center, gym, or church. The main room is +/- 105' X 105'. Kitchen in place with vent hood and 3 bay sink. Fire suppression system in place. Heavy electrical capacity. His and her bathroom with a separate employee bathroom. Large parking lot with +/- 102 parking spaces. The parking lot is in good condition.
Investor Tools
$0Estimated Mortgage Balance
$240,152Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,934 /month
Positive
Cash Flow Estimate:
$978 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$510/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,920
$240,152
2025
$45,128
$195,024
$240,152
No
Tax History
Year
Tax Paid
Assessed Value
2024
$4,920
$240,152
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$240,152
100%
0%
$0/mo
12.4%