Amarillo Warehouse with Business
For Sale
$1,250,000
117 N POLK Street, Amarillo, TX 79107
COMMERCIAL - Amarillo, TX
Property Size8,000 SF
Price / SF$156.25
Days on Market145
Property Features for 117 N POLK Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
0100 - NW Amarillo in City Limits
Directions
From central Amarillo (near I-40), drive north on Washington St toward downtown, turn right on NW 3rd Ave, then left on Polk St. Continue about 2 blocks north to 117 N Polk St. Drive time is about 5-10 minutes.
Subdivision
0100 - Plemons
Standard status
Active
APN
217700
Size
8,000 SF
Taxes and HOA fees
Tax Description
GLIDDEN & SANBORN, BLK 0172, 1 PLUS 3FT X 150FT VAC ST ON N/L & ALL OF 2 PLUS VACATED ALLEY
Legal Description
GLIDDEN & SANBORN, BLK 0172, 1 PLUS 3FT X 150FT VAC ST ON N/L & ALL OF 2 PLUS VACATED ALLEY
Building Details
Year built
2000
Listing Agency:
Keller Williams Realty Amarillo
(806) 359-4000
Listed By:
Mark Roberson · License #0561898
(806) 359-4000
Added: Mar 8
Changed: May 14
Last Checked: Jul 31 at 5:06PM
MLS# 26-2033
Copyright © 2026 Amarillo Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This industrial warehouse, located in downtown Amarillo, is currently operating as a plumbing company. The property offers a turnkey opportunity that includes the warehouse, most on-site inventory, equipment, and a company van and truck. It is suitable for a plumbing, HVAC, contractor, or service-based business aiming for immediate operation. The property is centrally located, providing convenient access to major roads and local suppliers. The warehouse provides a functional workspace and business assets in a prime Amarillo location. The property has a size of 8000 square feet.
Key Highlights
- Turnkey opportunity: Includes warehouse, on‑site inventory, equipment, company van, and truck.
- Ideal for plumbing, HVAC, contractor, or service‑based business.
- Centrally located in downtown Amarillo with convenient access to major roads.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.8k | $9.60 |
| − Vacancy | −$3.1k | −$0.38 |
| EGI | $73.7k | $9.22 |
| − OpEx | −$11.1k | −$1.38 |
| NOI | $62.7k | $7.83 |
8,000 SF · lease $9.60/SF/yr · vacancy 4.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$895.3K
$783.4K – $1.04M
NOI $62,669 @ 7.0% cap · market cap 5.01%
Second Best
Industrial
$687.6K
$601.7K – $802.2K
NOI $48,132 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$1.79M
$1.56M – $2.08M
NOI $125,030 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79107, TX
37,480
Population
12,346
Households
3
Avg Household Size
34
Median Age
6%
College-Educated
61%
High-School Grad
19.6 sq mi
ZIP Area
1,912
Density / Sq Mi
$39,474
Median Household Income
$28,084
Median Earnings
$1,016
Median Rent
$88,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Wrench It Motor Club — 99 N Tyler St, Amarillo, TX 79101
- Downtown Self Storage — 921 SW 9th Ave, Amarillo, TX 79101
- SpaceMaker Storage — 900 S Madison St, Amarillo, TX 79101
- CW Storage - Downtown — 513 SW 6th Ave, Amarillo, TX 79118
- DOWNTOWN MINI STORAGE — 303 N Polk St, Amarillo, TX 79107
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse with equipment and inventory in downtown Amarillo.
Where is this warehouse located?
The property is located at 117 N POLK Street Amarillo, TX.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Turnkey opportunity: Includes warehouse, on‑site inventory, equipment, company van, and truck.; Ideal for plumbing, HVAC, contractor, or service‑based business.; Centrally located in downtown Amarillo with convenient access to major roads.
