Updated Office Building with
For Sale
Contact for pricing
5305 W Interstate 40, Amarillo, TX 79106
Updated in 2020, this office building includes large offices, a conference room, and break room with restrooms.
Property Size4,057 SF
Price / SF$166.38
Days on Market465
Property Features for 5305 W Interstate 40
General Information
Standard status
Active
Size
4,057 SF
Property subtype
OFFICE
Listing Agency:
Gaut Whittenburg Emerson CRE
(806) 373-3111
Listed By:
Aaron Emerson, CCIM, SIOR · License #TX477647
Source:
Moodyscre
Added: Apr 23, 2025
Changed: Jul 25
Last Checked: Jul 31 at 9:01AM
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 Gaut Whittenburg Emerson CRE
Investment Insights
Based on property information with market context.
This office building offers six large offices along with a conference room, break room, and a workroom with a data closet. Interior amenities include men’s and women’s restrooms, plus an approximately 868-square-foot basement.
The property includes ample parking and established landscaping. It was updated in 2020.
Overall, the existing configuration supports a traditional office layout with multiple workspaces and shared meeting and support areas.
The property includes ample parking and established landscaping. It was updated in 2020.
Overall, the existing configuration supports a traditional office layout with multiple workspaces and shared meeting and support areas.
Key Highlights
- Updated in 2020 office building with 6 large offices
- Conference room plus break room
- Workroom with data closet
Financial Insights For Office B
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 | $73.0k | $18.00 |
| − Vacancy | −$11.0k | −$2.70 |
| EGI | $62.1k | $15.30 |
| − OpEx | −$15.5k | −$3.82 |
| NOI | $46.6k | $11.48 |
4,057 SF · lease $18.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$665.1K
$581.9K – $775.9K
NOI $46,554 @ 7.0% cap · market cap 6.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$905.8K
$792.6K – $1.06M
NOI $63,406 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
Explore this area
Business Placement
Demographics for 79106, TX
27,692
Population
13,385
Households
2.1
Avg Household Size
37
Median Age
24%
College-Educated
87%
High-School Grad
8.6 sq mi
ZIP Area
3,220
Density / Sq Mi
$54,407
Median Household Income
$36,061
Median Earnings
$995
Median Rent
$163,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Updated in 2020, this office building includes large offices, a conference room, and break room with restrooms.
Where is this office building located?
The property is located at 5305 W Interstate 40 Amarillo, TX.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Updated in 2020 office building with 6 large offices; Conference room plus break room; Workroom with data closet
