Versatile Commercial Space in
512 NE 2nd Avenue Amarillo, TX 79107
For Sale
$990,000
COMMERCIAL - Amarillo, TX
Property Size2,520 SF
Price / SF$392.86
Days on Market136
Property Features for 512 NE 2nd Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 216787
- Size
- 2,520 SF
Taxes and HOA fees
- Tax Description
- HOLLAND'S ADDN, BLK 0213, ALL OF 1 & N/2 OF 2 BLK 212 PLUS N 90FT OF THIS BLK PLUS VACATED ALLEY & STREET
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1949
Listing Agency:
FIMC Commercial Realty
(806) 358-7151
Listed By:
Kirk Chudej · License #604402
(806) 358-7151
Added: Mar 12
Changed: May 14
Last Checked: Jul 25 at 1:06PM
MLS# 26-2163
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, located in Amarillo, Texas, offers an investment opportunity within an Opportunity Zone. The versatile space features 5 dock high doors and a fully fenced yard. Updated offices are present, along with multiple restrooms, 2 kitchens, and a large conference area. The property's potential uses include commercial space and living quarters or additional offices. Situated within a Business Improvement Grant and City TIRZ, the property is positioned for businesses seeking a strategic location. The building has a size of 2520 square feet.
Key Highlights
- Located in an Opportunity Zone, offering potential tax benefits for investors
- Features 5 dock high doors, ideal for commercial use and logistics
- Includes multiple updated offices, 2 kitchens, and a large conference area
Financial Insights For Office B
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 | $45.4k | $18.00 |
| − Vacancy | −$6.8k | −$2.70 |
| EGI | $38.6k | $15.30 |
| − OpEx | −$9.6k | −$3.82 |
| NOI | $28.9k | $11.48 |
2,520 SF · lease $18.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$413.1K
$361.5K – $482.0K
NOI $28,917 @ 7.0% cap · market cap 2.92%
Second Best
Warehouse
$282.0K
$246.8K – $329.0K
NOI $19,741 @ 7.0% cap · market cap 1.99%
Theoretical Best
Office A
$562.6K
$492.3K – $656.4K
NOI $39,385 @ 7.0% cap · market cap 3.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Norton Roofing
Roofing Company
Similar Off Market Nearby
- Wrench It Motor Club — 99 N Tyler St, Amarillo, TX 79101
- Downtown Storage — 215 N Tyler St, Amarillo, TX 79107
- CW Storage - Downtown — 513 SW 6th Ave, Amarillo, TX 79118
- DOWNTOWN MINI STORAGE — 303 N Polk St, Amarillo, TX 79107
- Amarillo Self Storage Facility — 700 N Houston St, Amarillo, TX 79107
FAQs
What type of property is this?
Warehouse - Commercial property with updated offices, multiple amenities, and development potential.
Where is this warehouse located?
The property is located at 512 NE 2nd Avenue Amarillo, TX.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Located in an Opportunity Zone, offering potential tax benefits for investors; Features **5 dock high doors**, ideal for commercial use and logistics; Includes **multiple updated offices, 2 kitchens, and a large conference area**
