8507 E Interstate 40, Amarillo, TX 79118 – Commercial Improved Land

CommercialYear Built 1973Total Assessed Value $631,879County Potter

Property Details

The Commercial property 8507 E Interstate 40, Amarillo, TX 79118 is located in Potter County. The specific property type is Commercial Improved Land. The total assessed value of this property is $631,879.

The gross building area is 152,100 square feet and the land area is 458,331 square feet for this Commercial Improved Land built in 1973.

Legal description: LAKESIDE PARK # 1 LOT BLOCK 0001 1 & 3

$631,879

Market Value

N/A

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

1 / 4

Property Information

Property TypeCommercial

Sub Property TypeCommercial Improved Land

Building Area152,100

Land Size458,331

Land Value$631,879

Improved Value$0

Total Assessed Value$631,879

Year Built1973

County NamePotter

Account NumberR-044-3970-0500

Cap RateN/A

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningYes

HeatingOther

Type ConstructionOther

No of Stories2

Total Rooms40

Exterior WallsTilt up pre cast concrete

Sales History

11/4/2013

Arms-lengthNot Disclosed

Buyer

Jamal Enterprises Lp

Seller

7909 Amarillo Llc

Book Number

01246370

Recording Date

11/4/2013

Transaction Details

Jamal Enterprises Lp acquired the property from 7909 Amarillo Llc through a Arms-length transaction on 11/4/2013 for .

6/7/2010

Arms-lengthNot Disclosed

Buyer

7909 Amarillo Llc

Seller

Saehan Bank

Book Number

2010.1175355

Recording Date

6/7/2010

Transaction Details

7909 Amarillo Llc acquired the property from Saehan Bank through a Arms-length transaction on 6/7/2010 for .

4/6/2010

ForeclosureNot Disclosed

Buyer

Saehan Bank

Seller

H G I Investment Inc

Book Number

2010.1171070

Recording Date

4/6/2010

Transaction Details

Saehan Bank acquired the property from H G I Investment Inc through a Foreclosure transaction on 4/6/2010 for .

7/23/2008

Arms-length$4,275,000

Buyer

H G I Investment Inc

Seller

Saehan Bank

Book Number

2008.1132988

Recording Date

7/23/2008

Transaction Details

H G I Investment Inc acquired the property from Saehan Bank through a Arms-length transaction on 7/23/2008 for $4,275,000.

7/1/2008

Foreclosure$3,664,428

Buyer

Saehan Bank

Seller

S K Property Investment Inc

Book Number

2008.1131220

Recording Date

7/1/2008

Transaction Details

Saehan Bank acquired the property from S K Property Investment Inc through a Foreclosure transaction on 7/1/2008 for $3,664,428.

11/9/2006

Arms-length$375,000

Buyer

S K Property Investment Inc

Seller

K S Lodging Inc

Book Number

2006.1089973

Recording Date

11/9/2006

Transaction Details

S K Property Investment Inc acquired the property from K S Lodging Inc through a Arms-length transaction on 11/9/2006 for $375,000.

Property constructed in 1973

YSale Price (USD) byXSales Year

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Mortgage History

12/6/2019

Helocs both purchase money and non purchase money helocs$18,199,516

Borrower

Jamal Enterprises Lp

Lender

Amarillo National Bank

Book Number

2019.19OPR0016585

Recording Date

12/6/2019

Transaction Details

Jamal Enterprises Lp borrowed the property from Amarillo National Bank through a Helocs both purchase money and non purchase money helocs transaction on 12/6/2019 for $18,199,516.

1/14/2014

Sale$1,373,294

Borrower

Jamal Enterprises Lp

Lender

Amarillo National Bank

Book Number

01249737

Recording Date

1/14/2014

Transaction Details

Jamal Enterprises Lp borrowed the property from Amarillo National Bank through a transaction on 1/14/2014 for $1,373,294.

7/23/2008

Helocs both purchase money and non purchase money helocs$3,420,000

Borrower

H G I Investment Inc

Lender

Saehan Bank

Book Number

2008.1132989

Recording Date

7/23/2008

Transaction Details

H G I Investment Inc borrowed the property from Saehan Bank through a Helocs both purchase money and non purchase money helocs transaction on 7/23/2008 for $3,420,000.

5/23/2007

Arms length residential transactions purchase or resales$205,000

Borrower

S K Property Investment Inc

Lender

Wilshire State Bank

Book Number

2007.1104032

Recording Date

5/23/2007

Transaction Details

S K Property Investment Inc borrowed the property from Wilshire State Bank through a Arms length residential transactions purchase or resales transaction on 5/23/2007 for $205,000.

11/9/2006

Helocs both purchase money and non purchase money helocs$300,000

Borrower

S K Property Investment Inc

Lender

Wilshire State Bank

Book Number

2006.1089975

Recording Date

11/9/2006

Transaction Details

S K Property Investment Inc borrowed the property from Wilshire State Bank through a Helocs both purchase money and non purchase money helocs transaction on 11/9/2006 for $300,000.

12/18/2006

Arms length residential transactions purchase or resales$3,400,000

Borrower

S K Property Investment Inc

Lender

Saehan Bank

Book Number

2007.1094764

Recording Date

12/18/2006

Transaction Details

S K Property Investment Inc borrowed the property from Saehan Bank through a Arms length residential transactions purchase or resales transaction on 12/18/2006 for $3,400,000.

Property constructed in 1973

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2020	$631,879	-	$631,879	$631,879	Jamal Ents Lp	1201 S Taylor St	LAKESIDE PARK # 1 LO...	-	LAKESIDE PARK # 1	458,331	152,100
2019	$631,879	-	$631,879	$631,879	Jamal Enterprises Lp	1201 S Taylor St, AM...	LAKESIDE PARK # 1 LO...	-	LAKESIDE PARK # 1	458,331	-
2018	$631,879	-	$631,879	$631,879	Jamal Enterprises Lp	1201 S Taylor St, AM...	LAKESIDE PARK # 1 LO...	-	LAKESIDE PARK # 1	458,331	-
2017	$631,879	-	$631,879	$631,879	Jamal Enterprises Lp	1201 S Taylor St, AM...	LAKESIDE PARK # 1 LO...	-	LAKESIDE PARK # 1	458,331	-
2016	$572,914	$10,283	$583,197	$583,197	Jamal Enterprises Lp	1201 S Taylor St, AM...	LAKESIDE PARK # 1 LO...	-	LAKESIDE PARK # 1	458,331	-
2015	$572,914	$10,283	$583,197	$583,197	Jamal Enterprises Lp	1201 S Taylor St, AM...	LAKESIDE PARK # 1 LO...	-	LAKESIDE PARK # 1	458,331	-
2014	$572,914	$634,987	$1,207,901	$1,207,901	Jamal Enterprises Lp	1201 S Taylor St, AM...	LAKESIDE PARK # 1 LO...	-	LAKESIDE PARK # 1	458,331	152,100

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Rent & Occupancy

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Comparables

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Nearby Lenders

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	8507 E Interstate 40, Amarillo, TX 79118	—	-	458,331	1973	152,100	$ 631,879	$ 631,879	-
Prosperity Bank	317 S Harrison St, Amarillo, TX 79101	08/20/2025	$ 250,000	4,200	0	-	$ 6,375	$ 4,356	-
Prosperity Bank	313 S Harrison St, Amarillo, TX 79101	08/20/2025	$ 250,000	4,200	0	-	$ 6,750	$ 4,356	-
Prosperity Bank	303 S Harrison St, Amarillo, TX 79101	08/20/2025	$ 250,000	8,400	0	-	$ 13,346	$ 8,276	-
Panhandle First Bank	1914 Se 10th Ave, Amarillo, TX 79102	07/29/2025	$ 608,524	27,000	2015	7,600	$ 845,602	$ 27,007
Shapiro Family Lp	1007 N Fillmore St, Amarillo, TX 79107	06/06/2025	$ 126,000	3,500	0	-	$ 3,199	$ 1,575
Western Bank	N Loop 335, Amarillo, TX 79108	05/02/2025	$ 1,000,000	498,762	2012	480	$ 27,186	$ 19,950	Advantage Asphalt Products Ltd
Prosperity Bank	303 S Harrison St, Amarillo, TX 79101	04/15/2025	$ 500,000	8,400	0	-	$ 13,346	$ 8,276	Reinbold Inc
Plains Land Bk Federal Land Cr	700 E Farmers Ave, Amarillo, TX 79118	01/28/2025	$ 162,110	195,149	0	-	$ 96,633	$ 42,960	DEE KING REALTY LLC
Amarillo National Bank	3009 E Amarillo Blvd, Amarillo, TX 79107	01/28/2025	$ 215,000	14,500	2014	2,250	$ 214,383	$ 21,562
First United Bank	100 S Fillmore St, Amarillo, TX 79101	12/30/2024	$ 185,000	4,500	0	-	$ 8,010	$ 4,356

Mean$ 692,458

Median$ 269,000.0

Loan Amount Range$ 23,500 - $ 2,535,000

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
8507 E INTERSTATE 40, AMARILLO, TX 79118-6983	TOOT'N TOTUM	8062200990	CONVENIENCE STORES

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License Details

License Number

BQ902440

LIQUOR

Issued By

BEER

State Authority

Issue Date

3/25/2021

Original Issuance

Expire Date

3/24/2023

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	TOOT 'N TOTUM FOOD STORES LLC
	Address Line	1201 s taylor st
	City / State / Zip	amarillo TX 79101
Entity Information	Entity Type	-
Entity Information	Business Type	-
Zoning Information	Zoning	-
Government Codes	FIPS Code	48375
Government Codes	Census Tract	-
Postal Information	ZIP Status Code	79101
Registration Details	SOS Code

License Timeline

License Issued

3/25/2021

Currently Active

Status: -

Renewal Required

3/24/2023

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