6500 W Amarillo Blvd, Amarillo, TX
Office building on 7.65 acres with additional 7.72 acres.
- Added:
- Sep 26, 2024
- Days on Market:
- 621
- Last Refresh:
- May 19 at 9:31 pm
Property Features for 6500 W Amarillo Blvd
General Information
- Standard status
- Active
- Size
- 26,410 SF
- Lot size
- 3.70 Acres
- Property subtype
- OFFICE
Listing agent Ben Whittenburg License ##532785
Listing office Gaut Whittenburg Emerson CRE (806) 373-3111
Listing date Sep 26, 2024
Source Moodyscre
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 Gaut Whittenburg Emerson CRE
HighLights
- 7.72 acres of excess land included, holding considerable value and potential for separate sale.
- Building in good condition with diverse spaces: offices, classrooms, large kitchen/break room, shop with grade‑level door, and 300‑person auditorium.
- Main facility situated on 7.65 acres.
- Suitable for a variety of uses, not limited to its current operation as a research center.
- Land and buildings can be sold separately, offering flexibility.
- Option to purchase the adjacent property to the southwest (6610 W. Amarillo Blvd).
Overview
Local 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 | $475.4k | $18.00 |
| − Vacancy | −$71.3k | −$2.70 |
| EGI | $404.1k | $15.30 |
| − OpEx | −$101.0k | −$3.82 |
| NOI | $303.1k | $11.48 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Amarillo
- County
- Randall
- State
- Texas
- Longitude
- -101.909
- Latitude
- 35.201
