Cabinet Shop with
New
For Sale
$315,000
119 PARKER Street, Amarillo, TX 79106
Commercial Sale, Amarillo, TX
Property Size2,275 SF
Price / SF$138.46
Days on Market3
Property Features for 119 PARKER Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
0100 - NW Amarillo in City Limits
Directions
Take Georgia St north from I-40. It turns into McMasters at 6th. Continue on McMasters to 3rd Ave. Turn right (east) on 3rd Ave. Take it to Parker St. Turn left (north) on Parker St. Property on right (corner of 2nd and Parker).
Subdivision
0110 - Wild Horse Lake
Standard status
Active
APN
212959
Size
2,275 SF
Taxes and HOA fees
Tax Description
ORIG TOWN OF AMA, BLK 0003, LOTS 13 AND 14 PLUS 7FT VACATED STREET, 0.1600 ACRES
Legal Description
ORIG TOWN OF AMA, BLK 0003, LOTS 13 AND 14 PLUS 7FT VACATED STREET, 0.1600 ACRES
Building Details
Year built
1998
Building materials
Stucco, Metal Fab
Roof type
Metal
Listing Agency:
Distinct Real Estate Group
(806) 488-2524
Listed By:
Rocky Diffendaffer
(806) 683-4771
Added: Oct 19
Changed: Oct 20
Last Checked: Oct 21 at 10:06AM
MLS# 26-8257
Copyright © 2026 Amarillo Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This cabinet manufacturing property offers 2,275 square feet with a showroom, office, kitchen, bathroom, storage area, and workshop. The workshop measures approximately 25x90 and is excluded from the stated square footage. A gated, locked outdoor storage area is also included.
The operating business sale includes woodworking machinery and tools, among them a CNC machine, four Grizzly shapers, a drum sander, planer, face-frame assembly table, line bore, miter saws, and dust collectors. The package also includes a 14-foot enclosed trailer, a 2008 Toyota Tundra company truck, and the business's customer book. The current owner can retain two employees. The building was constructed in 1998 and has a metal roof.
The operating business sale includes woodworking machinery and tools, among them a CNC machine, four Grizzly shapers, a drum sander, planer, face-frame assembly table, line bore, miter saws, and dust collectors. The package also includes a 14-foot enclosed trailer, a 2008 Toyota Tundra company truck, and the business's customer book. The current owner can retain two employees. The building was constructed in 1998 and has a metal roof.
Key Highlights
- 2,275 square feet, with the workshop excluded from this area
- Workshop measures approximately 25x90
- Showroom, office, kitchen, bathroom, storage, and workshop
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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 production machinery, a book of business, and the ability to retain two employees.
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 feet, with the workshop excluded from this area; Workshop measures approximately 25x90; Showroom, office, kitchen, bathroom, storage, and workshop
