Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1408 S Jefferson St Amarillo, TX 79101

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $450 /Mo ($9 SF/Yr)

    Ground floor office suites with parking and all bills paid.

    Property size:
    600 SF
    Lot size:
    0.45 Acres

    Property Features for 1408 S Jefferson St

    General Information

    Size
    600 SF
    Lot size
    0.45 Acres

    We can help!

    Listing Contact
    Gabe Iriving
    Gabe Iriving
    Source: Moodyscre

    Listing Agent: Gabe Iriving

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Move-In Ready Office Suites

    This property offers single office and reception suites located on the ground floor. The suites are move-in ready. All bills are paid. Convenient parking is available with 33 spaces near the entrance. Signage is available.
    Location Intelligence

    Current Use by Public Records

    Amarillo Electrolysis Clinic Hair Removal Service West Texas Massage ... Massage School Reyna Brown Trucking ... Insurance Agency Brain Reboot Alphabiotic ... Massage Therapist RailCrew Xpress Office

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -101.8428804
    Latitude
    35.2287326

    Nearby Similar for Lease

    • $23 SF/Yr

      Office Space in Medical District

      Office tower in Amarillo Medical District with modern renovations.
      1215 S Coulter St, Amarillo, TX 79106
      View Details
    • $4 SF/Yr

      Warehouse with Updated Office Space

      Versatile warehouse space with offices, dock doors, and fenced yard.
      512 NE 2Nd Ave, Amarillo, TX 79107
      View Details
    • $7,500 /Mo

      Versatile Commercial Space in Amarillo

      Commercial space for lease featuring offices, kitchen, and warehouse.
      2801 Duniven Cir, Amarillo, TX 79109
      View Details
    • $6,500 /Mo

      Amarillo Warehouse on FM 1541

      11,840 SF warehouse for lease in southeast Amarillo.
      6400 S Washington St, Amarillo, TX 79118
      View Details
    • $6,400 /Mo

      Secured Warehouse with Gated Yard

      Fully secured warehouse with HVAC, security, and gated asphalt yard.
      5980 Arden Rd, Amarillo, TX 79114
      View Details
    • $2,950 /Mo

      Remodeled Office Space on I-40

      Remodeled office space with five private offices and storage.
      6601 W Interstate 40, Amarillo, TX 79106
      View Details
    • $17 SF/Yr

      Stand-Alone Office Building on I-40

      Highly visible office building with frontage on I-40 in Amarillo.
      5305 I-40, Amarillo, TX 79106
      View Details
    • $14 SF/Yr
      Pending

      Office Space in Amarillo, TX

      Office space featuring private offices, conference room, and storage.
      8501 SW 34Th Ave, Amarillo, TX 79121
      View Details
    • $12 SF/Yr

      Prime Retail Space in Amarillo

      Commercial space in a dynamic shopping center off Amarillo Blvd.
      1815 E Amarillo Blvd, Amarillo, TX 79107
      View Details
    • $12 SF/Yr

      Coronado Shopping Center Retail Space

      Prime commercial space in high-traffic Amarillo shopping center.
      2628 SW 34Th Ave, Amarillo, TX 79109
      View Details
    • $325 /Mo

      Serviced Offices For Rent

      Private offices with common areas, month-to-month leases, WiFi included.
      910 SW 7Th Ave, Amarillo, TX 79101
      View Details
    • $12 SF/Yr

      Prime Retail Space in Amarillo

      Premier shopping center space off Western St. in Amarillo, TX.
      3101 S Western St, Amarillo, TX 79109
      View Details

    FAQs

    What type of property is this?
    Office space - Ground floor office suites with parking and all bills paid.
    Where is this office space located?
    The property is located at 1408 S Jefferson St Amarillo, TX.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: - All bills paid for easy budgeting.; - Convenient parking with 33 spaces near the entrance and no parking meters.; - Ground floor access.
    (806) 373-3111
    Request Owner's contact information
    1408 S Jefferson St Amarillo, TX 79101
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1408 S Jefferson St
    Amarillo, TX 79101
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1408 S Jefferson St Amarillo, TX 79101
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Gabe Iriving
    Gabe Iriving
    (806) 373-3111
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.