Flex Space with Office and
For Sale
$189,000
3601 S MONROE Street, Amarillo, TX 79110
COMMERCIAL - Amarillo, TX
Property Size1,366 SF
Price / SF$138.36
Days on Market47
Property Features for 3601 S MONROE Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
0400 - SE Amarillo in City Limits
Directions
Drive North on Washington. Turn East onto I-27 access road. Property will be on the South side of the street.
Subdivision
0412 - Gables
Standard status
Active
APN
Stanley Fithen
Size
1,366 SF
Taxes and HOA fees
Tax Description
ROY LINDSEYS ADDN, BLK 00B4, N 50FT EACH OF 1B THRU 5B ROY LINDSEYS BUS SUB
Legal Description
ROY LINDSEYS ADDN, BLK 00B4, N 50FT EACH OF 1B THRU 5B ROY LINDSEYS BUS SUB
Building Details
Year built
1951
Flooring type
Tile
Listing Agency:
Our Texas Real Estate
(512) 375-2380
Listed By:
Mikki Burns
(806) 648-4444
Added: Jun 17
Last Checked: Aug 2 at 11:06PM
MLS# 26-4887
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 flex space is built for multi-use operations, combining office areas with ample storage. The interior also includes two bathrooms, supporting practical day-to-day functionality for staff and customers.
The property is located at 3601 S Monroe Street in Amarillo, Texas, just off of Washington Street and I-27. That positioning provides convenient regional access for commuting and deliveries.
Given the mix of storage and office space, this property can fit a variety of tenants and buyers looking for a single site that supports both work functions and keeping inventory or equipment on-site. It is also well-suited for uses that require separate office and service-ready space within one building.
The property is located at 3601 S Monroe Street in Amarillo, Texas, just off of Washington Street and I-27. That positioning provides convenient regional access for commuting and deliveries.
Given the mix of storage and office space, this property can fit a variety of tenants and buyers looking for a single site that supports both work functions and keeping inventory or equipment on-site. It is also well-suited for uses that require separate office and service-ready space within one building.
Key Highlights
- Commercial property built in 1951
- Tile flooring throughout
- Inside includes ample storage space and office areas
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 | $13.1k | $9.60 |
| − Vacancy | −$525 | −$0.38 |
| EGI | $12.6k | $9.22 |
| − OpEx | −$1.9k | −$1.38 |
| NOI | $10.7k | $7.83 |
1,366 SF · lease $9.60/SF/yr · vacancy 4.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$152.9K
$133.8K – $178.4K
NOI $10,701 @ 7.0% cap · market cap 5.66%
Second Best
Flex RnD
$140.0K
$122.5K – $163.4K
NOI $9,802 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$305.0K
$266.9K – $355.8K
NOI $21,349 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79110, TX
18,285
Population
7,760
Households
2.4
Avg Household Size
35
Median Age
15%
College-Educated
91%
High-School Grad
5.4 sq mi
ZIP Area
3,386
Density / Sq Mi
$65,896
Median Household Income
$39,833
Median Earnings
$1,173
Median Rent
$153,400
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
- his and hers bartending — 4202 S Lipscomb St, Amarillo, TX 79110
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile flex building with office areas, ample storage, and two bathrooms for a range of business uses.
Where is this flex space located?
The property is located at 3601 S MONROE Street Amarillo, TX.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Commercial property built in 1951; Tile flooring throughout; Inside includes ample storage space and office areas
