Turnkey Industrial
For Sale
$1,250,000
117 N Polk Street, Amarillo, TX 79107
Industrial warehouse offered with on-site inventory, equipment, and vehicles for immediate plumbing or service operations.
Property Size8,000 SF
Price / SF$156.25
Days on Market104
Property Features for 117 N Polk Street
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Building Details
Year Built
2000
Listing Agency:
Keller Williams Realty Amarillo
Listed By:
Mark Roberson · License #0561898
(806) 359-4000
Source:
Shopamarillohomes
Added: Jul 10
Changed: Aug 10
Last Checked: Aug 23 at 4:06AM
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 Keller Williams Realty Amarillo
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Investment Insights
Based on property information with market context.
Industrial warehouse for sale currently operating as a plumbing company. The turnkey offering includes the warehouse, most on-site inventory, and equipment, along with the company van and truck.
The property is described as centrally located with convenient access to major roads and local suppliers.
This configuration supports a service-oriented business looking to begin operating right away using the included workspace and operational assets.
The property is described as centrally located with convenient access to major roads and local suppliers.
This configuration supports a service-oriented business looking to begin operating right away using the included workspace and operational assets.
Key Highlights
- Industrial warehouse built in 2000 in downtown Amarillo
- Currently operating as a plumbing company
- Includes on‑site inventory, equipment, and company van and truck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,669
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,253,380
$1.3M
Cap Rate 7%
$895,271
$895.3K
Cap Rate 9%
$696,322
$696.3K
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$76.8K $9.60/SF
− Vacancy
−$3.1K −$0.38/SF
EGI
$73.7K $9.22/SF
− OpEx
−$11.1K −$1.38/SF
NOI
$62.7K $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%
$1,253,380
Cap Rate 7%
$895,271
Cap Rate 9%
$696,322
Alternative Uses
Best Use
Warehouse
$895.3K
$783.4K – $1.04M
NOI $62,669 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.79M
$1.56M – $2.08M
NOI $125,030 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,458
Businesses Nearby
Well-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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Downtown Self Storage — 921 SW 9th Ave, Amarillo, TX 79101
- SpaceMaker Storage — 900 S Madison St, Amarillo, TX 79101
- CW Storage - Downtown — 513 SW 6th Ave, Amarillo, TX 79118
- Wrench It Motor Club — 99 N Tyler St, Amarillo, TX 79101
- DOWNTOWN MINI STORAGE — 303 N Polk St, Amarillo, TX 79107
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse offered with on-site inventory, equipment, and vehicles for immediate plumbing or service operations.
Where is this warehouse located?
The property is located at 117 N Polk Street Amarillo, TX.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Industrial warehouse built in 2000 in downtown Amarillo; Currently operating as a plumbing company; Includes on‑site inventory, equipment, and company van and truck
