Turnkey Industrial
117 N Polk Street Amarillo, TX 79107
117 N Polk Street, Amarillo, TX, 79107
$1,250,000
For Sale
$1,250,000
Industrial warehouse offered with on-site inventory, equipment, and vehicles for immediate plumbing or service operations.
Property Size8,000 SF
Price / SF$156.25
Days on Market8
Property Features for 117 N Polk Street
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2000
Listing Agency
Keller Williams Realty Amarillo
Listed by
Mark Roberson
Source
Shopamarillohomes
Added: Jul 10 Checked: Jul 17 at 2:36 am
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 Keller Williams Realty Amarillo
Investment Insights
Based on property information with market context.
Industrial warehouse for sale currently operating as a plumbing company. The turnkey offering includes the warehouse, most on-site inventory, and equipment, along with the company van and truck.
The property is described as centrally located with convenient access to major roads and local suppliers.
This configuration supports a service-oriented business looking to begin operating right away using the included workspace and operational assets.
The property is described as centrally located with convenient access to major roads and local suppliers.
This configuration supports a service-oriented business looking to begin operating right away using the included workspace and operational assets.
Key Highlights
- Industrial warehouse built in 2000 in downtown Amarillo
- Currently operating as a plumbing company
- Includes on‑site inventory, equipment, and company van and truck
Local Financial Insights For Warehouse
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 | $76.8k | $9.60 |
| − Vacancy | −$3.1k | −$0.38 |
| EGI | $73.7k | $9.22 |
| − OpEx | −$11.1k | −$1.38 |
| NOI | $62.7k | $7.83 |
8,000 SF · lease $9.60/SF/yr · vacancy 4.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$895.3K
$783.4K – $1.04M
NOI $62,669 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.79M
$1.56M – $2.08M
NOI $125,030 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Warehouses
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FAQs
What type of property is this?
Warehouse - Industrial warehouse offered with on-site inventory, equipment, and vehicles for immediate plumbing or service operations.
Where is this warehouse located?
The property is located at 117 N Polk Street Amarillo, TX.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Industrial warehouse built in 2000 in downtown Amarillo; Currently operating as a plumbing company; Includes on‑site inventory, equipment, and company van and truck
