Property profile

5501 Enterprise Cir Amarillo, TX 79106

FOR LEASE
Office buildings
Property ID
US83-3990684
3,632 SF 0.83 ac lot Built 1984
Entity Owned 7-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 3,665-square-foot executive office building, located at 5501 Enterprise Circle in Amarillo, Texas, presents a unique investment opportunity. Built in 1984 and situated on a 36,154-square-foot lot, the property is currently vacant and offers significant potential for redevelopment or immediate occupancy. The building's previous use as a bank drive-up provides a versatile layout adaptable to various business needs. Its single-tenant configuration allows for complete control and customization. The property is zoned PD and enjoys a highly visible location at the intersection of Enterprise Circle and I-40, offering unparalleled accessibility and exposure to a substantial volume of traffic. This I-40 West submarket location in Amarillo, Texas (zip code 79106) provides easy access to the interstate and surrounding amenities, making it an ideal choice for businesses seeking a prominent and convenient location. The property's strategic placement just off the eastbound I-40 Frontage Road ensures high visibility and easy access for clients and employees. This is a rare opportunity to acquire a well-positioned, adaptable commercial property in a thriving Amarillo submarket.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1984
Total area 3,632 SF
Lot 0.83 ac (36,155 SF)
Zoning code GR
APN R-061-1200-8880
UPID US83-3990684

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5501 Enterprise Cir Amarillo, TX 79106
Amarillo metro Census 10200 AMARILLO, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$685k
Comparable Approach Comparable
$799k
Blend (final) Blend
$350k

Owner & transaction history

since 2018
2 recorded transactions
2018
Price N/A
2006
Price N/A

Zoning & alternative use

GR · Amarillo, TX
Zoning description

remelting purposes, which is located in the A, GR, LC, CB, HC, I-1 and PD Zoning Districts. It also does not include the incidental outdoor display of commodities for retail sale where the use is permitted by section 4-1…

General category COMMERCIAL
Top alternative use upside
Commercial (general) $795,000 +20.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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