Cabinet Manufacturing
For Sale
$315,000
119 Parker Street, Amarillo, TX 79106
The sale includes an operating cabinet business, production equipment, and a showroom with office and storage areas.
Property Size2,275 SF
Price / SF$138.46
Days on Market11
Property Features for 119 Parker Street
General Information
Standard status
Active
Size
2,275 SF
Property subtype
Commercial
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Business Included
Yes
Three-Phase Power
Yes
Building Details
Year Built
1998
Listing Agency:
Distinct Real Estate Group
Listed By:
Rocky Diffendaffer · License #DIFR
(806) 683-4771
Source:
Choosemeraki
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 30 at 11:11AM
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 Distinct Real Estate Group
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Investment Insights
Based on property information with market context.
The 2,275-square-foot building, constructed in 1998, contains a showroom, storage area, kitchen, bathroom, office, and workshop. The separate shop measures approximately 25 by 90 feet and is excluded from the building’s stated square footage. A gated, locked outdoor storage area is also included.
The sale includes a cabinet business with its book of business, production tools and equipment, a 14-foot enclosed trailer, and a 2008 Toyota Tundra company truck. Equipment includes a CNC machine, four Grizzly shapers, a Grizzly drum sander and planer, a face-frame assembly table, a line bore, miter saws, and dust collectors. Two employees may be retained.
The sale includes a cabinet business with its book of business, production tools and equipment, a 14-foot enclosed trailer, and a 2008 Toyota Tundra company truck. Equipment includes a CNC machine, four Grizzly shapers, a Grizzly drum sander and planer, a face-frame assembly table, a line bore, miter saws, and dust collectors. Two employees may be retained.
Key Highlights
- 2,275‑square‑foot building; separate shop is approximately 25 by 90 feet and excluded from that area
- Cabinet business sale includes its book of business and the option to retain 2 employees
- Production equipment includes a CNC machine, 4 Grizzly shapers, drum sander, planer, line bore, miter saws, and dust collectors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,688
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,760
$273.8K
Cap Rate 7%
$195,543
$195.5K
Cap Rate 9%
$152,089
$152.1K
Market Conditions
NOI Build-Up for 2,275 SF
Gross rent
$20.5K $9.00/SF
− Vacancy
−$921 −$0.41/SF
EGI
$19.6K $8.59/SF
− OpEx
−$5.9K −$2.58/SF
NOI
$13.7K $6.02/SF
Area
Amarillo, TX
Vacancy
4.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,760
Cap Rate 7%
$195,543
Cap Rate 9%
$152,089
Alternative Uses
Best Use
Industrial
$195.5K
$171.1K – $228.1K
NOI $13,688 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$507.9K
$444.5K – $592.6K
NOI $35,556 @ 7.0% cap · market cap 11.29%
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
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
665
Businesses Nearby
Explore this area
Business Placement
Demographics for 79106, TX
27,692
Population
13,385
Households
2.1
Avg Household Size
37
Median Age
24%
College-Educated
87%
High-School Grad
8.6 sq mi
ZIP Area
3,220
Density / Sq Mi
$54,407
Median Household Income
$36,061
Median Earnings
$995
Median Rent
$163,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Manufacturing property - The sale includes an operating cabinet business, production equipment, and a showroom with office and storage areas.
Where is this manufacturing property located?
The property is located at 119 Parker Street Amarillo, TX.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 2,275‑square‑foot building; separate shop is approximately 25 by 90 feet and excluded from that area; Cabinet business sale includes its book of business and the option to retain 2 employees; Production equipment includes a CNC machine, 4 Grizzly shapers, drum sander, planer, line bore, miter saws, and dust collectors
