Potter County · Amarillo
Sell Your Commercial Property In Amarillo, TX
Skyline Capital Investments buys commercial apartment buildings of 5+ units in Amarillo and across Potter County — listed or off-market, stabilized or value-add. Get clear feedback on your deal, typically within 48 hours.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Where We Look: Wolflin · Downtown Amarillo · Southwest Amarillo · Canyon — Potter County and Randall County, TX
Market Snapshot
Renter Demand In Amarillo
Amarillo, Texas had 201,885 residents as of the 2020-2024 American Community Survey, split across Potter County and Randall County and served by a single appraisal district. Median household income is $65,912 and median gross rent is $1,092 a month, both from ACS 2020-2024. Owners who want to sell commercial property in Amarillo, TX are working in a market where 40.3% of households rent and the median apartment dates to 1973. Skyline Capital Investments tracks both the Potter-County and Randall-County portions of the market separately, because county tax rates and school districts differ between them.
Pantex Plant
DOE/NNSA's Pantex Plant had 4,626 employees as of July 2024, making it the Texas Panhandle's largest employer.Bell Textron Amarillo Assembly Center
Bell has built V-22 Osprey tiltrotors in Amarillo since 1998, driving $2.1 billion into the local economy as of 2021.WTAMU and Amarillo College
West Texas A&M University enrolled 9,257 students in Fall 2025, up 2.2% year over year, alongside two-year Amarillo College.Our Buy Box
What We Buy In Amarillo
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Amarillo Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Amarillo
40.3% of Amarillo households rent rather than own, per the 2020-2024 American Community Survey (32,144 of 79,741 occupied households). The median Amarillo residential structure was built in 1973, and 60.3% of the housing stock predates 1980. Buildings with 5 or more units make up 17.7% of housing units, a base owners weigh before they sell commercial property in Amarillo, TX.
Rents and affordability
Median gross rent in Amarillo is $1,092 a month under the 2020-2024 ACS, against median household income of $65,912. 40.6% of renters pay 30% or more of income toward rent, and 6.0% pay 50% or more. HUD's FY2027 fair market rents for the Amarillo, TX HUD Metro FMR Area, covering both Potter and Randall counties, are below; owners preparing to sell multifamily property in Amarillo benchmark asking rents against this schedule.
| Unit size | HUD FY2027 FMR |
|---|---|
| Efficiency | $797 |
| One-Bedroom | $904 |
| Two-Bedroom | $1,107 |
| Three-Bedroom | $1,512 |
| Four-Bedroom | $1,678 |
Property taxes in Potter and Randall counties
Potter County and Randall County are both appraised by the Potter-Randall Appraisal District at 100% of market value, with no assessment-ratio discount, under Texas Tax Code Section 23.01. On the Potter-County side, combining the City of Amarillo ($0.39195), Potter County ($0.61692) and Amarillo ISD ($0.92580) per $100 valuation gives a $38,693 bill on a $2,000,000 property. On the Randall-County side, the city rate plus Randall County ($0.40148) and Canyon ISD ($0.93000) gives a $34,469 bill on the same value, a $4,225 gap driven by the school and county rates. Texas levies no transfer tax, and an owner who wants to sell commercial real estate in Amarillo, TX can protest a new appraisal by May 15 or 30 days after notice, whichever is later, under Tax Code Section 41.44.
Landlord rules owners should know
Texas Property Code Section 92.103 gives a landlord 30 days after a tenant surrenders the unit to refund the security deposit. Section 24.005 requires at least 3 days' written notice to vacate before an eviction suit, unless the lease sets a different period. Local Government Code Section 214.902 bars a Texas city from adopting rent control except during a governor-approved disaster emergency, a point worth knowing before selling commercial property in Amarillo.
What it means for an owner
An owner who decides to sell commercial property in Amarillo, TX is selling into a market split by two counties and two school districts, so the right comparable set depends on which side of the county line a property sits. Skyline Capital Investments buys 5+ unit apartment buildings and can walk an owner through the numbers with the cap rate calculator. Owners ready to sell your apartment building in Amarillo can start at Skyline's apartment-sale page.
Local Knowledge
What Shapes A Amarillo Offer
More about selling in Texas →Investing in Amarillo? See apartment syndications in Amarillo →
- Canyon ISD runs 8 campuses in south Amarillo; Amarillo ISD serves the rest of the city.
- HUD's single Amarillo, TX HUD Metro FMR Area covers both Potter and Randall counties under one FY2027 schedule.
- Investors who sell commercial real estate in Amarillo, TX should price the Potter and Randall County portions separately.
Seller Guides
Your Situation, Handled — Amarillo
Learn More
Taxes & Rules For Amarillo Property
The Texas rules that shape any deal in Amarillo: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Amarillo Seller FAQ
How do I sell commercial property in Amarillo, TX if it sits in Potter County?
Potter-County parcels are appraised by the Potter-Randall Appraisal District at 100% of market value, then taxed near $1.93 per $100 once the City of Amarillo, Potter County and Amarillo ISD rates are combined. On a $2,000,000 building that is roughly $38,693 a year, a figure buyers check before closing.
Is the tax rate different if my building is in the Randall County part of Amarillo?
Yes. The Randall-County side combines the same city rate with Randall County and, in south Amarillo, Canyon ISD, for a rate near $1.72 per $100, about $4,225 less than the Potter-County side on a $2,000,000 valuation. Both counties share the same appraisal district and HUD FMR area.
What is the best way to sell my apartment building in Amarillo?
Start with current rent rolls compared against HUD's FY2027 fair market rents and a clear read on which county and school district the parcel sits in, since that changes the tax math. Skyline Capital Investments buys 5+ unit buildings directly and can model the numbers with an owner.
What notice does Texas law require before an eviction in Amarillo?
Texas Property Code Section 24.005 requires at least 3 days' written notice to vacate before a landlord can file an eviction suit, unless the lease sets a longer or shorter period in writing. Security deposits are due back within 30 days of surrender under Section 92.103.
When is the right time to sell commercial real estate in Amarillo, TX?
Owners often time a sale around a county appraisal cycle, since protests are due by May 15 or 30 days after the notice, whichever is later, under Tax Code Section 41.44. Rent burden already sits at 40.6% for 30%-plus renters, which supports current in-place rents at sale.
Will you buy a Amarillo property that needs work or has high vacancy?
Yes. We regularly evaluate value-add, mismanaged, and distressed multifamily properties and underwrite them as they are today — no repairs or lease-up required before selling.
Do you work with Amarillo brokers and agents?
We do. Agents can bring us listed or pocket-listing deals in Amarillo, and we keep every conversation confidential.
Is it possible to sell rental property in Amarillo without evicting tenants?
It is. We buy apartment buildings occupied, and tenants stay on their current leases. Skyline Capital Investments is a commercial real estate buyer of 5+ unit buildings, so occupied properties are the norm for us.
Do I need a broker to sell my apartment building in Amarillo?
No. You can work with us directly, or your broker can bring the deal to us. Either way, conversations stay confidential.
Submit A Deal
Get An Offer Review In Amarillo
A few details are enough to start. We respond to every Amarillo submission, including off-market and pocket listings.
