8590 Ne 24th Ave, Amarillo, TX 79108 – Office Building Low Rise 1 - 4 stories

OfficeYear Built 2021Total Assessed Value $75,970,250County Potter

Property Details

The Office property 8590 Ne 24th Ave, Amarillo, TX 79108 is located in Potter County. The specific property type is Office Building Low Rise 1 - 4 stories. The total assessed value of this property is $75,970,250.

The gross building area is 35,625 square feet and the land area is 0 square feet for this Office Building Low Rise 1 - 4 stories built in 2021.

Legal description: AMARILLO HORIZON PARK # 1, BLK 0001, LOT 1 LESS ROW REINVESTMENT ZONE # 12, 106.0648 ACRES

$75,970,250

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 8590 Ne 24th Ave, Amarillo, TX 79108, Office

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Property Information

Property TypeOffice

Sub Property TypeOffice Building Low Rise 1 - 4 stories

Building Area35,625

Land Size0

Land Value$1,155,050

Improved Value$74,815,200

Total Assessed Value$75,970,250

Year Built2021

County NamePotter

Account Number000000298223

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Sales History

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Mortgage History

5/20/2024

Arms length residential transactions purchase or resales$653,000,000

Borrower

Et Amarillo Llc

Lender

Goldman Sachs Bank Usa

Book Number

2024.6255

Recording Date

5/20/2024

Transaction Details

Et Amarillo Llc borrowed the property from Goldman Sachs Bank Usa through a Arms length residential transactions purchase or resales transaction on 5/20/2024 for $653,000,000.

Property constructed in 2021

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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) ↕
2023	$272,690	$79,727,310	$80,000,000	$80,000,000	Et Amarillo Llc	-	AMARILLO HORIZON PAR...	99900.01	-	0	35,625

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Rent & Occupancy

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Comparables

Address ↕	Assessors Parcel Number ↕	Property Type ↕	Property Sub Type ↕	Owner Name ↕	County ↕	Miles ↕	Sale Price ↕	Sale Date ↕	Price / SF ↕	Year Built ↕	GBA ↕	Units ↕
8590 Ne 24th Ave, Amarillo, TX 79108	000000298223	Office	Office Building Low Rise 1 - 4 stories	Et Amarillo Llc	Potter	-	-	-	-	2021	35,625	-
421 Se 34th Ave, Amarillo, TX 79103	R-200-1710-4001.0	Office	Office Building Low Rise 1 - 4 stories	Rah Arlington I Llc	Randall	2.6	$ 1,223,600	2024-02-23	$ 91.35	1993	13,395	-
8018 E Interstate 40, Amarillo, TX 79118	R-044-0010-1285	Office	Office Building Low Rise 1 - 4 stories	Double J Land & Equipment Llc	Potter	3.2	$ 1,197,000	2024-05-15	$ 103.19	2003	11,600	-
3309 101st St, Lubbock, TX 79423	R174874	Office	Office Building Low Rise 1 - 4 stories	Ih Abc Llc	Lubbock	118.6	$ 133,000	2025-02-24	$ 10.81	2003	12,300	-
7101 82nd St, Lubbock, TX 79424	R304763	Office	Office Building Low Rise 1 - 4 stories	Capital Tree Properties Llc	Lubbock	117.7	$ 4,573,870	2025-01-31	$ 147.58	2004	30,992	-
2206 114th St, Lubbock, TX 79423	R88104	Office	Office Building Low Rise 1 - 4 stories	Seven B Development Llc	Lubbock	119.2	$ 688,940	2023-11-27	$ 45.18	2023	15,250	-
9826 Slide Rd, Lubbock, TX 79424	R95811	Office	Office Building Low Rise 1 - 4 stories	Capital Tree Properties Llc	Lubbock	118.7	$ 6,620,302	2025-06-11	$ 334.76	2015	19,776	-
1111 Austin St, Levelland, TX 79336	12253	Office	Office Building Low Rise 1 - 4 stories	Lindsey Benjamin Luke	Hockley	117.4	$ 141,312	2025-04-01	$ 11.78	1991	12,000	-
4703 S Loop 289, Lubbock, TX 79424	R89904	Office	Office Building Low Rise 1 - 4 stories	Thriving Together Llc	Lubbock	116.6	$ 2,000,000	2023-09-25	$ 133.33	1985	15,000	-
1000 E Broadway St, Altus, OK 73521	0325-00-004-003-0-000-00	Office	Office Building Low Rise 1 - 4 stories	John D Bailey	Jackson	146.8	$ 270,000	2023-10-05	$ 22.69	2020	11,900	-
4316 Ironton Ave, Lubbock, TX 79407	R57583	Office	Office Building Low Rise 1 - 4 stories	Ironton Lubbock Investments Llc	Lubbock	115.1	$ 1,789,648	2023-05-18	$ 73.36	1987	24,394	-

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Nearby Lenders

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Search:

Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	8590 Ne 24th Ave, Amarillo, TX 79108	—	-	0	2021	35,625	$ 75,970,250	$ 1,155,050	-
Prosperity Bank	305 S Harrison St, Amarillo, TX 79101	08/20/2025	$ 250,000	16,800	2018	1,644	$ 445,386	$ 16,800	-
Prosperity Bank	2744 Duniven Cir, Amarillo, TX 79109	08/11/2025	$ 650,000	7,575	1958	3,147	$ 208,973	$ 33,323	Duniven Investments Llc
Grow America Fund	908 S Jefferson St, Amarillo, TX 79101	07/31/2025	$ 1,100,000	7,000	1965	2,045	$ 88,614	$ 7,000
The Perryton National Bank	2414 Line Ave, Amarillo, TX 79106	06/30/2025	$ 259,000	5,058	1950	1,259	$ 67,720	$ 6,534
Amarillo National Bank	2100 S Polk St, Amarillo, TX 79109	06/06/2025	$ 400,000	0	1952	5,046	$ 139,049	$ 9,450	Waypoint Advisory Services Inc
Firstbank Southwest	360 N Lakeside Dr, Amarillo, TX 79118	06/05/2025	$ 14,552,354	470,058	2000	3,003	$ 2,461,231	$ 29,255	Sage Brush Farms Ltd
Western Bank	304 N Lakeside Dr, Amarillo, TX 79118	05/02/2025	$ 1,000,000	43,560	2002	2,000	$ 481,326	$ 8,712	Advantage Asphalt Products Ltd
Panhandle First Bank	8375 E Amarillo Blvd, Amarillo, TX 79107	01/09/2025	$ 718,995	0	1964	7,540	$ 724,513	$ 34,195
Herring Bank	2407 Se 10th Ave, Amarillo, TX 79104	12/11/2024	$ 300,000	23,800	1958	972	$ 52,767	$ 11,762	10th Avenue Properties
Amarillo National Bank	812 Sw 9th Ave, Amarillo, TX 79101	12/04/2024	$ 275,000	8,400	1958	5,390	$ 382,789	$ 8,400	Sb705 Investments Llc

Mean$ 26,506,547

Median$ 416,829.5

Loan Amount Range$ 52,000 - $ 653,000,000

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Tenant Details

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License Details

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