Duplex Property with
New
For Sale
$300,000
12005 Rocker K Road, Amarillo, TX 79118
Includes a primary residence, a separate income-producing apartment, and dedicated shop space.
Property Size1,400 SF
Price / SF$214.29
Days on Market3
Property Features for 12005 Rocker K Road
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Multi-Family
Units
Multifamily Units
2
RV Sites
2
Building Details
Year Built
2024
Listing Agency:
RockOne Realty, LLC
Listed By:
Jeanette Douglass · License #DOUJ
(806) 236-2315
Source:
Choosemeraki
Added: Nov 4
Last Checked: Nov 6 at 5:45AM
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 RockOne Realty, LLC
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Investment Insights
Based on property information with market context.
The property includes a three-bedroom, two-bathroom home with an office and a separate apartment described as income-producing. A 24-by-70-foot shop adds enclosed work or storage space, with a 16-by-8-foot overhead door and a 12-by-7-foot sliding door at the rear.
The site measures just under one acre and has approximately 750 feet of metal perimeter fencing. The home also has a separate fenced area, backyard sprinklers, and front-yard drip irrigation. Two 30-amp RV hookups are on site.
The site measures just under one acre and has approximately 750 feet of metal perimeter fencing. The home also has a separate fenced area, backyard sprinklers, and front-yard drip irrigation. Two 30-amp RV hookups are on site.
Key Highlights
- Primary home offers 3 bedrooms, 2 bathrooms, and an office
- Separate income‑producing apartment on site
- 24' x 70' shop with a 16' x 8' overhead door and 12' x 7' rear sliding door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,558
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$211,160
$211.2K
Cap Rate 7%
$150,829
$150.8K
Cap Rate 9%
$117,311
$117.3K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$16.0K $11.40/SF
− Vacancy
−$878 −$0.63/SF
EGI
$15.1K $10.77/SF
− OpEx
−$4.5K −$3.23/SF
NOI
$10.6K $7.54/SF
Area
Amarillo, TX
Vacancy
5.50%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$211,160
Cap Rate 7%
$150,829
Cap Rate 9%
$117,311
Alternative Uses
Best Use
Multifamily LT 5
$150.8K
$132.0K – $176.0K
NOI $10,558 @ 7.0% cap · market cap 3.52%
Second Best
Apartment 5plus
$132.6K
$116.1K – $154.8K
NOI $9,285 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$312.6K
$273.5K – $364.7K
NOI $21,880 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
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Business Placement
Demographics for 79118, TX
27,608
Population
11,116
Households
2.5
Avg Household Size
35
Median Age
25%
College-Educated
92%
High-School Grad
159.4 sq mi
ZIP Area
173
Density / Sq Mi
$87,011
Median Household Income
$44,141
Median Earnings
$1,328
Median Rent
$224,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Includes a primary residence, a separate income-producing apartment, and dedicated shop space.
Where is this duplex located?
The property is located at 12005 Rocker K Road Amarillo, TX.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Primary home offers 3 bedrooms, 2 bathrooms, and an office; Separate income‑producing apartment on site; 24' x 70' shop with a 16' x 8' overhead door and 12' x 7' rear sliding door
