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Property profile & analytics
FOR SALE
Office buildings

1515 S Garfield St Amarillo, TX 79102

800 SF 0.4 ac lot Built 2020
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-3399126
Property summary
AI-generated overview

This exceptional 2,640 square foot commercial property, located at 1515 S Garfield Street in Amarillo, Texas, presents a unique investment opportunity. Situated on a sizable 0.4-acre lot, this property enjoys a highly desirable location near Interstate 40 and downtown Amarillo, within the Barrio and designated as an Opportunity Zone (see provided documents for NEZ2 details). The building itself offers a flexible and functional layout, ideal for a variety of commercial uses. The interior features a welcoming entrance area, two private offices perfect for executive staff or specialized departments, a spacious shared workspace suitable for collaborative projects or a larger team, a comfortable break area for employee relaxation, a dedicated meeting room for client presentations or internal discussions, and two convenient bathrooms. An open call area provides ample space for customer interaction or additional workspace. The entire building is climate-controlled, ensuring year-round comfort. The expansive lot offers significant potential for future expansion, whether that involves landscaping improvements, the addition of another structure, or even the construction of a completely separate building. This property's combination of size, location, and adaptability makes it an attractive proposition for entrepreneurs and investors alike, offering both immediate functionality and significant long-term growth potential. Its proximity to downtown Amarillo ensures easy access to the city's amenities and vibrant business community.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2020
Total area 800 SF
Lot 0.4 ac (17,424 SF)
Zoning code HC
APN R-048-0400-8074
UPID US82-3399126
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Daniel & Janet Holdings LLC · 6 yrs held
Daniel & Janet Holdings LLC
since 2020
4 recorded transactions
2020
Price N/A
2019
Price N/A
2013
$2,450
2013
$2,550
Zoning & alternative use
HC · Amarillo, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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