Historic Prairie-Style Office
For Sale
$675,000
1608 S POLK Street, Amarillo, TX 79102
Commercial Sale, Amarillo, TX
Property Size3,750 SF
Lot Size0.34 Acres
Price / SF$180
Days on Market361
Property Features for 1608 S POLK Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
0100 - NW Amarillo in City Limits
Directions
North on Washington St to SW 16th Ave. Right on SW 16th Ave to S Polk St. Right on S Polk St. Property is on the right.
Subdivision
0100 - Plemons
Standard status
Active
APN
161097
Size
3,750 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Description
PLEMONS LOTBLOCK 0226 5 AND 6 IN ANTHONYS SUB OF
Legal Description
PLEMONS LOTBLOCK 0226 5 AND 6 IN ANTHONYS SUB OF
Utilities
Cooling system
Window Unit(s)
Building Details
Year built
1914
Flooring type
Wood, Carpet, Tile
Building materials
Brick Veneer
Roof type
Tile
Listing Agency:
Keller Williams Realty Amarillo
(806) 359-4000
Listed By:
Holly Coats · License #606152
(806) 683-1330
Added: Oct 13, 2025
Changed: Sep 12
Last Checked: Oct 8 at 4:06AM
MLS# 25-8726
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.
Investment Insights
Based on property information with market context.
Located at 1608 S Polk Street in Amarillo, the 3,750-square-foot property occupies a 0.34-acre site and is arranged across three stories with a full basement. A detached two-car garage includes an upstairs apartment, adding a separate improvement to the property. The building was most recently used as offices and includes high ceilings, abundant natural light, custom millwork, period trim, and original hardwood floors. Tile and carpet are also present, with window-unit cooling and a tile roof.
The property is zoned MF-2 for multifamily use. Its exterior includes brick veneer, a hipped roof with wide eaves, and a covered porch supported by classical columns and balustrades. The architectural design reflects Prairie School influences and provides a distinctive setting for continued office use or a residential conversion as described in the property information.
The property is zoned MF-2 for multifamily use. Its exterior includes brick veneer, a hipped roof with wide eaves, and a covered porch supported by classical columns and balustrades. The architectural design reflects Prairie School influences and provides a distinctive setting for continued office use or a residential conversion as described in the property information.
Key Highlights
- 3,750‑square‑foot office property on a 0.34‑acre site
- Three‑story building with a full basement
- Detached two‑car garage with an upstairs apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,031
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$860,620
$860.6K
Cap Rate 7%
$614,729
$614.7K
Cap Rate 9%
$478,122
$478.1K
Market Conditions
NOI Build-Up for 3,750 SF
Gross rent
$67.5K $18.00/SF
− Vacancy
−$10.1K −$2.70/SF
EGI
$57.4K $15.30/SF
− OpEx
−$14.3K −$3.82/SF
NOI
$43.0K $11.48/SF
Area
Amarillo, TX
Vacancy
15.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$860,620
Cap Rate 7%
$614,729
Cap Rate 9%
$478,122
Alternative Uses
Best Use
Office B
$614.7K
$537.9K – $717.2K
NOI $43,031 @ 7.0% cap · market cap 6.37%
Second Best
Mixed Use
$578.6K
$506.3K – $675.0K
NOI $40,500 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$837.3K
$732.6K – $976.8K
NOI $58,608 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
840
Businesses Nearby
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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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Three-story property includes a basement, detached garage, and upstairs apartment.
Where is this office building located?
The property is located at 1608 S POLK Street Amarillo, TX.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 3,750‑square‑foot office property on a 0.34‑acre site; Three‑story building with a full basement; Detached two‑car garage with an upstairs apartment
