1005 N Fillmore Street, Amarillo, TX 79107

Building Details

Year Built 1928 More

Buildings 3 More

Listing Agency: French and Co., REALTORS

Listed By: Douglas Campbell Show Phone

Source: Choosemeraki

Added: Sep 21 Changed: Nov 7 Last Checked: Nov 10 at 5:54AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of French and Co., REALTORS

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Investment Insights

Based on property information with market context.

This mixed-use property includes three commercial buildings constructed in 1928. The improvements offer an open interior footprint that can accommodate retail, restaurant, lounge, event, or creative redevelopment concepts, subject to applicable requirements. One portion functions as a warehouse and is occupied by a tenant under lease.

The property is located at 1005 N Fillmore Street in Amarillo, Texas. Its setting is described as walkable, positioned near major thoroughfares, and associated with strong traffic counts. The property also includes a venue suitable for weddings, parties, community gatherings, live music, and private events, providing a range of existing commercial configurations within the site.

Key Highlights

• Three commercial buildings at 1005 N Fillmore Street
• Buildings constructed in 1928
• Open interior footprint for retail, restaurant, lounge, event, or creative redevelopment uses

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,978

Cap Rate

8.39%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$419,560 $419.6K

Cap Rate 7%

$299,686 $299.7K

Cap Rate 9%

$233,089 $233.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,678 SF

Gross rent

$25.7K $9.60/SF

− Vacancy

−$1.0K −$0.38/SF

EGI

$24.7K $9.22/SF

− OpEx

−$3.7K −$1.38/SF

NOI

$21.0K $7.83/SF

Area

Amarillo, TX

Vacancy

4.00%

Lease Rate

$9.60 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$419,560

Cap Rate 7%

$299,686

Cap Rate 9%

$233,089

Alternative Uses

Best Use

Mixed Use

$413.2K

$361.5K – $482.0K (±1% cap)

NOI $28,922 @ 7.0% cap · market cap 11.57%

Second Best

Retail

$369.6K

$323.4K – $431.2K (±1% cap)

NOI $25,869 @ 7.0% cap · market cap 10.35%

Theoretical Best

Office A

$597.9K

$523.2K – $697.6K (±1% cap)

NOI $41,854 @ 7.0% cap · market cap 16.74%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Fillmore's Bar Bar & Pub

Suggested Use

Top Pick Real Estate Agency Law Firm Skin Care Clinic Daycare Center (Bike/Boat/Book/etc) Store Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

538

Businesses Nearby

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

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Flexible commercial compound with open interiors, event functionality, and warehouse space leased to an existing tenant.

Where is this mixed-use property located?

The property is located at 1005 N Fillmore Street Amarillo, TX.

What is the asking price?

The asking price for this property is $250,000.

What are key features of this property?

This property features: Three commercial buildings at 1005 N Fillmore Street; Buildings constructed in 1928; Open interior footprint for retail, restaurant, lounge, event, or creative redevelopment uses