Flex Space with Overhead
For Sale
Contact for pricing
511 N Fillmore St, Amarillo, TX 79107
Two-story flex space with a spray foam insulated shop, office area, and covered parking with fenced access.
Property Size3,440 SF
Price / SF$69.48
Days on Market836
Property Features for 511 N Fillmore St
General Information
Standard status
Active
Size
3,440 SF
Property subtype
OFFICE
Additional Details
Fenced Yard
Yes
Listing Agency:
Gaut Whittenburg Emerson CRE
(806) 373-3111
Listed By:
Gabe Iriving, CCIM
Source:
Moodyscre
Added: Apr 17, 2024
Changed: Jul 30
Last Checked: Jul 31 at 12:23PM
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.
Flex space offering a spacious two-story office area with two restrooms and two offices. The warehouse unit includes a shop area and a restroom, and it is spray foam insulated.
Operational features include a 16' overhead door, covered parking, and a solid fence with two gates. The overall property size is 3,440 SF.
Designed for flexible use where office and warehouse functions are needed in the same building, the layout supports day-to-day work and on-site storage/handling through the enclosed shop and direct overhead-door access.
Operational features include a 16' overhead door, covered parking, and a solid fence with two gates. The overall property size is 3,440 SF.
Designed for flexible use where office and warehouse functions are needed in the same building, the layout supports day-to-day work and on-site storage/handling through the enclosed shop and direct overhead-door access.
Key Highlights
- 3,440 SF flex space with a two‑story office area
- Warehouse shop is spray foam insulated
- Two restrooms and two offices in the office area
Financial Insights For Industrial
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 | $31.0k | $9.00 |
| − Vacancy | −$1.4k | −$0.41 |
| EGI | $29.6k | $8.59 |
| − OpEx | −$8.9k | −$2.58 |
| NOI | $20.7k | $6.02 |
3,440 SF · lease $9.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$563.9K
$493.4K – $657.9K
NOI $39,474 @ 7.0% cap · market cap 16.52%
Second Best
Warehouse
$385.0K
$336.9K – $449.1K
NOI $26,948 @ 7.0% cap · market cap 11.28%
Theoretical Best
Office A
$768.0K
$672.0K – $896.1K
NOI $53,763 @ 7.0% cap · market cap 22.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
414
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79107, TX
37,480
Population
12,346
Households
3
Avg Household Size
34
Median Age
6%
College-Educated
61%
High-School Grad
19.6 sq mi
ZIP Area
1,912
Density / Sq Mi
$39,474
Median Household Income
$28,084
Median Earnings
$1,016
Median Rent
$88,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Texas Backyard Bartenders — Amarillo, TX 79107
Frequently Asked Questions
What type of property is this?
Flex space - Two-story flex space with a spray foam insulated shop, office area, and covered parking with fenced access.
Where is this flex space located?
The property is located at 511 N Fillmore St Amarillo, TX.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: 3,440 SF flex space with a two‑story office area; Warehouse shop is spray foam insulated; Two restrooms and two offices in the office area
