Office Showroom Corner
1601 S Harrison St Amarillo, TX 79102
For Sale
Contact for pricing
Corner office building with showroom layout, multiple offices, reception, kitchen, and conference room, plus on-site parking lot.
Property Size5,766 SF
Price / SF$160.42
Days on Market52
Property Features for 1601 S Harrison St
General Information
- Standard status
- Active
- Size
- 5,766 SF
- Property subtype
- Office
Building Details
- Year Built
- 1959
Listing Agency:
Gaut Whittenburg Emerson CRE
(806) 373-3111
Listed By:
Jeff Gaut · License #TX 0695613
Source:
Crexi
Added: Jun 3
Changed: Jul 10
Last Checked: Jul 22 at 11:47AM
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 downtown office building is configured for both private work areas and open presentation space. The interior includes five offices, a reception area, a kitchen, a conference room, and a large open middle area currently used as a showroom. Three bathrooms are available, including one with a shower, along with two large storage rooms. A 3,484 square-foot lot is included for additional parking across Harrison Street.
The property is located on the southeast corner of Harrison and 16th in downtown Amarillo. An included parking lot across Harrison can support overflow parking and improve day-to-day access.
For office users, the combination of dedicated offices, a reception and conference space, and an adaptable open showroom area can support a range of professional and customer-facing operations. The included additional parking lot may be especially useful for businesses that need reliable space for employees and visitors.
The property is located on the southeast corner of Harrison and 16th in downtown Amarillo. An included parking lot across Harrison can support overflow parking and improve day-to-day access.
For office users, the combination of dedicated offices, a reception and conference space, and an adaptable open showroom area can support a range of professional and customer-facing operations. The included additional parking lot may be especially useful for businesses that need reliable space for employees and visitors.
Key Highlights
- Corner office building at the SE corner of Harrison St and 16th St in downtown Amarillo (Amarillo, TX), built in 1959
- Office layout includes 5 offices plus reception, kitchen, and a conference room
- Large open middle area currently used as a showroom, with potential to add multiple cubicles for desks
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 | $103.8k | $18.00 |
| − Vacancy | −$15.6k | −$2.70 |
| EGI | $88.2k | $15.30 |
| − OpEx | −$22.1k | −$3.82 |
| NOI | $66.2k | $11.48 |
5,766 SF · lease $18.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$945.2K
$827.1K – $1.10M
NOI $66,165 @ 7.0% cap · market cap 7.15%
Second Best
Retail
$795.7K
$696.3K – $928.3K
NOI $55,700 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,116 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Fastpay Payroll Services
Accounting Firm
Brandability, Inc.
Marketing & Advertising
FAQs
What type of property is this?
Office building - Corner office building with showroom layout, multiple offices, reception, kitchen, and conference room, plus on-site parking lot.
Where is this office building located?
The property is located at 1601 S Harrison St Amarillo, TX.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Corner office building at the SE corner of Harrison St and 16th St in downtown Amarillo (Amarillo, TX), built in 1959; Office layout includes 5 offices plus reception, kitchen, and a conference room; Large open middle area currently used as a showroom, with potential to add multiple cubicles for desks
