7820 Mccormick RdAmarillo, TX 79119

Property Details for 7820 Mccormick Rd

Year built

2014

Lot size

2.64 AC

Property size (Sq ft)

7,000 SF

Property type

Retail properties

Property subtype

Auto shops

APN

R-370-0350-3920

APU

R37003503920

Description

This exceptional Class A warehouse, built in 2014, presents a compelling investment opportunity in Amarillo, Texas. Located at 7820 W McCormick Rd, Randall County, zip code 79119, this 10,853 square foot facility sits on a 2.75-acre lot and is priced at $1,400,000 ($129/sq ft). The building features a substantial 3,894 square feet of office space, divided between 2,572 square feet on the first floor and 1,322 square feet on the second floor. Its modern design and functional layout offer significant potential for customization to suit a variety of industrial and manufacturing needs. The property benefits from convenient access to major transportation arteries and the vibrant Amarillo MSA market, making it an ideal location for businesses seeking to establish or expand their operations. This well-maintained property represents a strong investment opportunity in a thriving Texas market. The property's strategic location and modern design make it an attractive option for businesses seeking efficient operations and a strong return on investment. This is a rare opportunity to acquire a high-quality, well-located industrial property in the Amarillo area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,526,613

  6.5%

  $1,409,181

  7%

  $1,308,525

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,573,774

  Geo Method

  $2,122,445

• Alternative Use

  Use

  Valuation

  Residential

  $1,188,697

  Hospitality

  $1,088,840

  Educational

  $905,902

  Medical

  $937,058

  Retail

  $1,409,181

Location Insight

City

Amarillo

County

Randall

State

Texas

Latitude

35.0731

Longitude

-101.926

CBSA code

11100

CBSA name

AMARILLO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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