1502 S Lipscomb St Amarillo, TX 79102
Office and warehouse space near downtown with I-40 access.
Property Features for 1502 S Lipscomb St
General Information
- Standard status
- Active
- Size
- 3,916 SF
- Property subtype
- Office
Building Details
- Year Built
- 1941
Listing office Gaut Whittenburg Emerson CRE (806) 433-5407
Listing date May 14, 2026
Source Crexi
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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.
Key Highlights
- Convenient access to I‑40 and central location.
- Versatile space suitable for office, warehouse, retail, or multiple business operations.
- Updated office area with reception, private offices, conference room, kitchen, and restrooms.
Local 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 | $35.2k | $9.00 |
| − Vacancy | −$1.6k | −$0.41 |
| EGI | $33.7k | $8.59 |
| − OpEx | −$10.1k | −$2.58 |
| NOI | $23.6k | $6.02 |
Alternative Uses
Property Analytics
Current Use by Public Records
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