Historic Office Building with
1608 S Polk Street Amarillo, TX 79102
For Sale
$675,000
Three-story historic building features high ceilings and abundant natural light throughout, with a covered porch and full basement.
Property Size3,750 SF
Price / SF$180
Days on Market421
Property Features for 1608 S Polk Street
General Information
- Standard status
- Active
- Size
- 3,750 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1914
Listing Agency:
Keller Williams Realty Amarillo
(806) 359-4000
Listed By:
Holly Coats · License #606152
Source:
Xome
Added: May 30, 2025
Changed: Jul 23
Last Checked: Jul 24 at 5:14AM
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.
Completed in 1913, this three-story building features Prairie School design elements including a hipped roof with wide eaves. The property includes a large covered porch with classical columns and balustrades, plus a full basement. A detached two-car garage with an upstairs apartment is also part of the offering.
Most recently used as an office building, the interior includes high ceilings and an abundance of natural light, along with original details such as extensive custom millwork, period trim, and original hardwood floors. The building is zoned MF-2 (multi-family), and could be converted back to residential use.
With its combination of historic character and multi-level layout, the property offers flexible configuration for an office environment or a residential conversion, subject to buyer plans and applicable requirements.
Most recently used as an office building, the interior includes high ceilings and an abundance of natural light, along with original details such as extensive custom millwork, period trim, and original hardwood floors. The building is zoned MF-2 (multi-family), and could be converted back to residential use.
With its combination of historic character and multi-level layout, the property offers flexible configuration for an office environment or a residential conversion, subject to buyer plans and applicable requirements.
Key Highlights
- Three‑story historic building with full basement, originally completed in 1913
- Prairie School‑inspired design with hipped roof and wide eaves
- Zoned MF‑2 (multi‑family); most recently used as an office, but could be converted back to residential
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 | $67.5k | $18.00 |
| − Vacancy | −$10.1k | −$2.70 |
| EGI | $57.4k | $15.30 |
| − OpEx | −$14.3k | −$3.82 |
| NOI | $43.0k | $11.48 |
3,750 SF · lease $18.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$614.7K
$537.9K – $717.2K
NOI $43,031 @ 7.0% cap · market cap 6.37%
Second Best
—
—
no second resolved use
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shuford-Killough Historic Home
Tour Operator
FAQs
What type of property is this?
Office building - Three-story historic building features high ceilings and abundant natural light throughout, with a covered porch and full basement.
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: Three‑story historic building with full basement, originally completed in 1913; Prairie School‑inspired design with hipped roof and wide eaves; Zoned MF‑2 (multi‑family); most recently used as an office, but could be converted back to residential
