Secure Commercial Property in
For Sale
$149,000
415 NE 3RD Avenue, Amarillo, TX 79107
COMMERCIAL - Amarillo, TX
Property Size1,800 SF
Price / SF$82.78
Days on Market89
Property Features for 415 NE 3RD Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
0300 - NE Amarillo in City Limits
Parking features
Garage, Parking Lot
Directions
buchanan to NE 3rd, turn left on NE 3rd, building is on corner and fenced area is to the left of the building
Subdivision
0300 - Santa Fe Station
Standard status
Active
APN
Dean McLain
Size
1,800 SF
Taxes and HOA fees
Tax Description
HOLLAND'S ADDN, BLK 0202, W 60FT EACH OF 5 & S 15FT OF 4
Legal Description
HOLLAND'S ADDN, BLK 0202, W 60FT EACH OF 5 & S 15FT OF 4
Building Details
Year built
1953
Building materials
Block
Listing Agency:
Lyons Realty
(806) 358-3900
Listed By:
Pamela Vaughn
(806) 358-3900
Added: May 4
Changed: Jul 29
Last Checked: Jul 31 at 4:06PM
MLS# 25-9526
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 commercial property in Amarillo, Texas, offers 1,800 square feet of flex space, suitable for industrial or warehouse use. The property is highly secure, featuring a 10-foot perimeter fence topped with barbed wire. It also includes a reinforced Class 5 entry door equipped with three deadbolts. The structure is constructed of fully concrete block, strengthened with rebar and poured concrete. This property would make a suitable shop and yard area for any business.
Key Highlights
- Fully concrete block structure strengthened with rebar and poured concrete
- 10‑foot perimeter fence topped with barbed wire
- Reinforced Class 5 entry door with three deadbolts
Financial Insights For Flex RnD
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 | $21.6k | $12.00 |
| − Vacancy | −$1.7k | −$0.96 |
| EGI | $19.9k | $11.04 |
| − OpEx | −$7.0k | −$3.86 |
| NOI | $12.9k | $7.18 |
1,800 SF · lease $12.00/SF/yr · vacancy 8.00% · expense 35.00%
Alternative Uses
Best Use
Warehouse
$201.4K
$176.3K – $235.0K
NOI $14,100 @ 7.0% cap · market cap 9.46%
Second Best
Flex RnD
$184.5K
$161.5K – $215.3K
NOI $12,917 @ 7.0% cap · market cap 8.67%
Theoretical Best
Office A
$401.9K
$351.7K – $468.9K
NOI $28,132 @ 7.0% cap · market cap 18.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
193
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
- Texas Backyard Bartenders — Amarillo, TX 79107
Frequently Asked Questions
What type of property is this?
Flex space - Highly secure commercial property suitable for shop and yard.
Where is this flex space located?
The property is located at 415 NE 3RD Avenue Amarillo, TX.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: Fully concrete block structure strengthened with rebar and poured concrete; 10‑foot perimeter fence topped with barbed wire; Reinforced Class 5 entry door with three deadbolts
