Last 24 Hours
$329,000
4401 RM 1061, Amarillo, TX, 79124
On Market
Commercial
Highlights
Interior
Bedrooms —
Bathrooms —Exterior
Lot Size5.74 acres
Land Information
APNR-370-0560-3980
SubdivisionSect 56 B S & F Blk 0009
Land UseAgriculture / Farming
Legal DescriptionSECT 56 B S & F BLK 0009, IRREG TR BEG 248.6FT W & 1594.87FT NW OF SE COR OF SECT, 5.7400 ACRES
Census Tract014300
Assessed Land Value$34,440
Assessed Improvement Value$64,937
Assessment Year2025
About this property
This 5.74-acre property offers two versatile shops and plenty of room to grow. The first shop (30x20) includes a 10x20 attached greenhouse, loft, and a bathroom with sink and toilet. The second shop (40x60) is equipped with two overhead doors, a gas line, and a wood-burning stove. Additional features include a private well, septic system, one RV hookup, and eight frost-free hydrants. Outdoors you'll find a garden area, chicken coop, and a variety of fruit trees--cherry, Asian pear, peach, plum, and apple. A pond site has also been started, providing future potential for landscaping or recreation.
Investor Tools
$0Estimated Mortgage Balance
$99,377Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,974 /month
Positive
Cash Flow Estimate:
$658 /month
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Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$175/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,600
$99,377
2025
$34,440
$64,937
$99,377
No
Tax History
Year
Tax Paid
Assessed Value
2025
$1,600
$99,377
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$99,377
100%
0%
$0/mo
12.4%