Corner Commercial Lot with
1336 Folsom Road Amarillo, TX 79108
1336 Folsom Road, Amarillo, TX, 79108
$150,000
For Sale
$150,000
Vacant commercial corner lot with an existing structure and outdoor space for parking or expansion.
Property Size1,078 SF
Price / SF$139.15
Days on Market277
Property Features for 1336 Folsom Road
General Information
- Standard status
- Active
- Size
- 1,078 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1961
Listing agency
Keller Williams Realty Amarillo
(806) 359-4000
Listed by
Karla Meza
Source
Xome
Added: Oct 19, 2025 Updated: Jul 22 at 6:42AM Checked: Jul 22 at 6:42AM
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.
This vacant commercial property at 1336 Folsom Road includes an existing building on a corner lot. The structure is described as needing some TLC, offering a straightforward renovation opportunity for a buyer looking to reposition the improvements for a new tenant or use.
The site sits on a high-visibility corner and provides a generous lot for outdoor operations. The property is presented as flexible for a range of uses, with room for parking, expansion, or other outdoor use depending on the buyer’s plans.
For investors and developers evaluating sites with both an existing structure and land area to work with, this corner parcel offers a practical foundation for a custom build-out or renovation approach.
The site sits on a high-visibility corner and provides a generous lot for outdoor operations. The property is presented as flexible for a range of uses, with room for parking, expansion, or other outdoor use depending on the buyer’s plans.
For investors and developers evaluating sites with both an existing structure and land area to work with, this corner parcel offers a practical foundation for a custom build-out or renovation approach.
Key Highlights
- Vacant commercial corner lot with an existing structure
- Set on a 1.1‑acre lot with outdoor space for parking or expansion
- High‑visibility corner location (as described in remarks)
Local Financial Insights For Retail
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 | $16.2k | $15.00 |
| − Vacancy | −$1.3k | −$1.20 |
| EGI | $14.9k | $13.80 |
| − OpEx | −$4.5k | −$4.14 |
| NOI | $10.4k | $9.66 |
1,078 SF · lease $15.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$148.8K
$130.2K – $173.6K
NOI $10,413 @ 7.0% cap · market cap 6.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$240.7K
$210.6K – $280.8K
NOI $16,848 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Vacant commercial corner lot with an existing structure and outdoor space for parking or expansion.
Where is this commercial land located?
The property is located at 1336 Folsom Road Amarillo, TX.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Vacant commercial corner lot with an existing structure; Set on a 1.1‑acre lot with outdoor space for parking or expansion; High‑visibility corner location (as described in remarks)
