Mixed-Use Property with Event
New
For Sale
$975,000
19000 SPIRIT Loop, Amarillo, TX 79119
Commercial Sale, Amarillo, TX
Property Size2,853 SF
Lot Size3.54 Acres
Price / SF$341.75
Days on Market2
Property Features for 19000 SPIRIT Loop
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
2000 - SW of Amarillo City Limits
Directions
South on Bushland road from I-40, turn left onto Spirit Loop, first property on your left.
Subdivision
2054 - Bushland South
Standard status
Active
APN
LANDRY WALDRIP & CHLOE WALDRIP
Size
2,853 SF
Lot size
3.54 Acres
Taxes and HOA fees
Tax Description
MCCLUNGS BUSHLAND ESTATES # 1, TR 00A, 3.5400 ACRES
Legal Description
MCCLUNGS BUSHLAND ESTATES # 1, TR 00A, 3.5400 ACRES
Amenities
fenced backyard
balcony
fireplace
Building Details
Year built
2015
Listing Agency:
Fathom Realty, LLC
Listed By:
Taylor Jones
(806) 433-2067
Added: Oct 6
Last Checked: Oct 7 at 6:06AM
MLS# 26-7936
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.
This mixed-use property combines a four-bedroom main residence with an established wedding and event venue and a separate bridal suite. The home includes three and one-half bathrooms, a three-car garage, a fenced backyard, and an upstairs balcony overlooking the living room and double-sided fireplace.
The event space has its own entrance, a full kitchen, guest restrooms, groom suites, and an outdoor ceremony area. A separate suite offers a kitchen, bedroom, bathroom, and two-car garage. The property spans 3.54 acres, allows livestock, and was built in 2015.
The event space has its own entrance, a full kitchen, guest restrooms, groom suites, and an outdoor ceremony area. A separate suite offers a kitchen, bedroom, bathroom, and two-car garage. The property spans 3.54 acres, allows livestock, and was built in 2015.
Key Highlights
- 3.54‑acre property with residential and event‑use improvements
- Wedding and event venue includes a private entrance, full kitchen, guest restrooms, groom suites, and outdoor ceremony area
- Separate bridal suite has a kitchen, bedroom, bathroom, and 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,812
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$616,240
$616.2K
Cap Rate 7%
$440,171
$440.2K
Cap Rate 9%
$342,356
$342.4K
Market Conditions
NOI Build-Up for 2,853 SF
Gross rent
$54.8K $19.20/SF
− Vacancy
−$5.5K −$1.92/SF
EGI
$49.3K $17.28/SF
− OpEx
−$18.5K −$6.48/SF
NOI
$30.8K $10.80/SF
Area
Amarillo, TX
Vacancy
10.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$616,240
Cap Rate 7%
$440,171
Cap Rate 9%
$342,356
Alternative Uses
Best Use
Mixed Use
$440.2K
$385.2K – $513.5K
NOI $30,812 @ 7.0% cap · market cap 3.16%
Second Best
Apartment 5plus
$270.3K
$236.5K – $315.4K
NOI $18,922 @ 7.0% cap · market cap 1.94%
Theoretical Best
Office A
$637.0K
$557.4K – $743.2K
NOI $44,589 @ 7.0% cap · market cap 4.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Explore this area
Business Placement
Demographics for 79119, TX
21,147
Population
9,839
Households
2.1
Avg Household Size
37
Median Age
44%
College-Educated
97%
High-School Grad
99.5 sq mi
ZIP Area
213
Density / Sq Mi
$100,546
Median Household Income
$63,728
Median Earnings
$1,217
Median Rent
$335,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A private event facility, separate bridal suite, and four-bedroom residence share one property.
Where is this mixed-use property located?
The property is located at 19000 SPIRIT Loop Amarillo, TX.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 3.54‑acre property with residential and event‑use improvements; Wedding and event venue includes a private entrance, full kitchen, guest restrooms, groom suites, and outdoor ceremony area; Separate bridal suite has a kitchen, bedroom, bathroom, and 2‑car garage
