Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2408 SW 8th Avenue Amarillo, TX 79106

    View on Map
    Claim this Listing
    Picture of Office Units at 2408 SW 8th Avenue, Amarillo, TX
    For Lease
    $12 SF/Yr

    COMMERCIAL - Amarillo, TX

    Type:Office
    Added:
    Feb 19, 2025
    Days on Market:
    430
    Last Refresh:
    Apr 25 at 11:06 am

    Property Features for 2408 SW 8th Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active

    We can help!

    Listing Contact
    Charles Murphy

    Listing agent Charles Murphy

    Listing office SQ/FT Real Estate, LLC 2034 S Ong, Amarillo, TX

    Listing date Feb 19, 2025

    MLS# 24-2729

    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.

    Overview

    Office Space in Amarillo, TX

    Multiple office spaces are available for rent in Amarillo, Texas. The property offers a range of options, from individual office spaces to larger units with 7 or more offices. Located in Potter County, the property is suitable for various business needs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Curated Skin Tattoo & Piercing Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -101.864581
    Latitude
    35.209559

    Nearby Similar for Lease

    • $2,058/Mo

      Well-Appointed Office Space Near Downtown

      Efficient office space suitable for professional services, near downtown.
      321 SW 7TH Avenue, Amarillo, TX 79101-2207
      View Details
    • $1,500/Mo

      Professional Office Space Available Now

      Versatile office space with private offices, reception, and breakroom.
      2920 Duniven Circle unit: A, Amarillo, TX 79109
      View Details
    • $1,200/Mo

      Shop and Office Space

      Commercial space for shop and office use on corner lot.
      2621 W AMARILLO Boulevard, Amarillo, TX 79106
      View Details
    • $2,600/Mo

      Remodeled Office Space on I-40

      Remodeled office suite with five offices, storage, and restroom.
      6601 W INTERSTATE 40 unit: 100, Amarillo, TX 79106-2651
      View Details
    • $1,500/Mo

      New Retail Space For Lease

      New retail spaces available for lease in Amarillo, Texas.
      5808 E Amarillo Boulevard unit: 1, Amarillo, TX 79107
      View Details
    • $1,500/Mo

      Retail Space in Amarillo, TX

      New retail spaces available for lease in Amarillo, Texas.
      5808 E AMARILLO Boulevard unit: 3, Amarillo, TX 79107
      View Details
    • $4 SF/Yr

      Warehouse with Updated Office Space

      Versatile warehouse space with updated offices and dock high doors.
      512 NE 2nd Avenue, Amarillo, TX 79107
      View Details
    • $7,500/Mo

      Versatile Commercial Space in Amarillo

      Commercial space for lease with offices, kitchen, and warehouse.
      2801 DUNIVEN Circle, Amarillo, TX 79109
      View Details
    • $1,500/Mo

      New Retail Space For Lease

      Three retail spaces available for lease in Amarillo, Texas.
      5808 E AMARILLO Boulevard unit: 2, Amarillo, TX 79107
      View Details
    • $2,750/Mo

      Retail Space in High-Traffic Area

      Retail space ready for barbershop/hair salon in high-traffic area.
      14915 FM 2590 (Soncy), Amarillo, TX 79119-9805
      View Details
    • $2,700/Mo

      Functional Shop Space in Amarillo

      Versatile shop space with offices and overhead doors for lease.
      9801 S FM 1541 unit: A, Amarillo, TX 79118-6021
      View Details
    • $12 SF/Yr

      Coronado Shopping Center Retail Space

      Prime commercial space in high-traffic Amarillo shopping center.
      2628 SW 34th Avenue, Amarillo, TX 79109
      View Details

    FAQs

    What type of property is this?
    Office units - Multiple office spaces available to fit various business needs.
    Where is this office units located?
    The property is located at 2408 SW 8th Avenue Amarillo, TX.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Multiple units available.; Individual office spaces available.; Large individual units available.
    (806) 341-5010
    We can help!
    Listing Contact
    Charles Murphy
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!