Auto Repair
New
For Sale
$700,000
1601 S WASHINGTON Street, Amarillo, TX 79102
Commercial Sale, Amarillo, TX
Property Size2,130 SF
Lot Size0.20 Acres
Price / SF$328.64
Days on Market2
Property Features for 1601 S WASHINGTON Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
0100 - NW Amarillo in City Limits
Parking features
Covered, Parking Lot
Directions
FROM I-40, EXIT WASHINGTON AND GO NORTH TO ADDRESS.
Subdivision
0100 - Plemons
Standard status
Active
APN
MT BULLARD REAL ESTATE HOLDINGS, LLC
Size
2,130 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Description
PLEMONS - J E HUGHES SUB, BLK 0220, LOTS 5 AND 6
Legal Description
PLEMONS - J E HUGHES SUB, BLK 0220, LOTS 5 AND 6
Utilities
Cooling system
Central Air
Building Details
Year built
1959
Flooring type
Tile
Building materials
Brick Veneer, Block
Roof type
Composition
Listing Agency:
EXP Realty, LLC
(888) 519-7431
Listed By:
Beth Jones · License #0612916
(806) 640-3988
Added: Oct 16
Last Checked: Oct 17 at 3:06PM
MLS# 26-8197
Copyright © 2026 Amarillo Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The auto repair property at 1601 S Washington Street includes a 2,130-square-foot building on a 0.2-acre lot. Four overhead doors serve the shop, which was built in 1959. Interior features include tile flooring and central air, with covered parking and a parking lot on site.
The sale includes both the operating automotive business and the real estate. Tools, equipment, and inventory are also included with an acceptable offer.
The sale includes both the operating automotive business and the real estate. Tools, equipment, and inventory are also included with an acceptable offer.
Key Highlights
- 2,130‑square‑foot auto repair building on a 0.2‑acre lot
- Four overhead doors
- Built in 1959
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,576
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$411,520
$411.5K
Cap Rate 7%
$293,943
$293.9K
Cap Rate 9%
$228,622
$228.6K
Market Conditions
NOI Build-Up for 2,130 SF
Gross rent
$32.0K $15.00/SF
− Vacancy
−$2.6K −$1.20/SF
EGI
$29.4K $13.80/SF
− OpEx
−$8.8K −$4.14/SF
NOI
$20.6K $9.66/SF
Area
Amarillo, TX
Vacancy
8.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$411,520
Cap Rate 7%
$293,943
Cap Rate 9%
$228,622
Alternative Uses
Best Use
Retail
$293.9K
$257.2K – $342.9K
NOI $20,576 @ 7.0% cap · market cap 2.94%
Second Best
Industrial
$183.1K
$160.2K – $213.6K
NOI $12,815 @ 7.0% cap · market cap 1.83%
Theoretical Best
Office A
$475.6K
$416.1K – $554.8K
NOI $33,289 @ 7.0% cap · market cap 4.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,170
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79102, TX
9,252
Population
4,695
Households
2
Avg Household Size
35
Median Age
20%
College-Educated
78%
High-School Grad
2.7 sq mi
ZIP Area
3,427
Density / Sq Mi
$48,551
Median Household Income
$34,911
Median Earnings
$891
Median Rent
$146,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- BCK Airstream Renovations LLC — 2401 S Van Buren St, Amarillo, TX 79109
- wrecker service — 113 e 18th ave, amarillo, tx 79102
- Bullard Auto Repair — 1601 S Washington St, Amarillo, TX 79102
- Tinkers Toolaery Repair Shop — 1506 Madison St, Amarillo, TX 79101
- Robles Auto & U-Haul Center — 1511 sw 10th ave, amarillo, tx 79101
Frequently Asked Questions
What type of property is this?
Auto shop - The sale combines the automotive business with its real estate.
Where is this auto shop located?
The property is located at 1601 S WASHINGTON Street Amarillo, TX.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 2,130‑square‑foot auto repair building on a 0.2‑acre lot; Four overhead doors; Built in 1959
