Renovated Office
For Sale
$415,000
3210 S Georgia Street, Amarillo, TX 79109
Renovated office building with multiple offices, a reception area, training room, kitchen, two restrooms, and keyless entry.
Property Size2,976 SF
Price / SF$139.45
Days on Market86
Property Features for 3210 S Georgia Street
General Information
Standard status
Active
Size
2,976 SF
Property subtype
Commercial
Additional Details
Office Units
7
Building Details
Year Built
1976
Year Renovated
2018
Listing Agency:
RockOne Realty, LLC
Listed By:
Tara Vanover
(806) 599-9900
Source:
Shopamarillohomes
Added: Jul 14
Changed: Aug 11
Last Checked: Aug 24 at 4:15AM
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
Investment Insights
Based on property information with market context.
This renovated commercial office building is configured with five individual offices, two executive offices that can also serve as multipurpose rooms, and a generously sized training or multipurpose room. The interior also includes a reception and waiting area, a fully equipped kitchen, two modern bathrooms, and a storage room. Keyless entry is included for added convenience.
According to the seller, renovations were completed in 2018, including installation of a TPO roof that same year. A new sewer line was added in 2023.
The building is offered for sale as a turnkey office facility with a layout designed for professional workspaces and group meeting or training use.
According to the seller, renovations were completed in 2018, including installation of a TPO roof that same year. A new sewer line was added in 2023.
The building is offered for sale as a turnkey office facility with a layout designed for professional workspaces and group meeting or training use.
Key Highlights
- Renovated commercial office building (renovated in 2018) with a TPO roof installed in 2018
- Layout includes 5 individual offices plus 2 executive offices or multipurpose rooms
- Includes a large training or multipurpose room, reception and waiting area, and a fully equipped kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,150
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$683,000
$683.0K
Cap Rate 7%
$487,857
$487.9K
Cap Rate 9%
$379,444
$379.4K
Market Conditions
NOI Build-Up for 2,976 SF
Gross rent
$53.6K $18.00/SF
− Vacancy
−$8.0K −$2.70/SF
EGI
$45.5K $15.30/SF
− OpEx
−$11.4K −$3.82/SF
NOI
$34.1K $11.48/SF
Area
Amarillo, TX
Vacancy
15.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$683,000
Cap Rate 7%
$487,857
Cap Rate 9%
$379,444
Alternative Uses
Best Use
Office B
$487.9K
$426.9K – $569.2K
NOI $34,150 @ 7.0% cap · market cap 8.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$664.4K
$581.4K – $775.2K
NOI $46,511 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
7
Office units
Location Intelligence
Trade Area within ½ mile
898
Businesses Nearby
Explore this area
Business Placement
Demographics for 79109, TX
42,509
Population
20,308
Households
2.1
Avg Household Size
39
Median Age
33%
College-Educated
93%
High-School Grad
10.3 sq mi
ZIP Area
4,127
Density / Sq Mi
$68,579
Median Household Income
$41,410
Median Earnings
$945
Median Rent
$217,600
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Renovated office building with multiple offices, a reception area, training room, kitchen, two restrooms, and keyless entry.
Where is this office building located?
The property is located at 3210 S Georgia Street Amarillo, TX.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Renovated commercial office building (renovated in 2018) with a TPO roof installed in 2018; Layout includes 5 individual offices plus 2 executive offices or multipurpose rooms; Includes a large training or multipurpose room, reception and waiting area, and a fully equipped kitchen
