Mixed-Use Building with
205 S Pierce Street, Amarillo, TX 79101
For Sale
New
$529,000
Commercial Sale, Amarillo, TX
Property Size3,450 SF
Price / SF$153.33
Days on Market1
Property Features for 205 S Pierce Street
General Information
Property type
Property subtype
Zoning description
Parking features
Directions
Subdivision
Standard status
APN
Size
Taxes and HOA fees
Tax Description
Legal Description
Building Details
Year built
Building materials
Roof type
Listing Agency:
Amarillo's Parkview Realty, LLC
(806) 352-5300
Listed By:
Audrey Ayala
(806) 410-6968
Added: Nov 10
Last Checked: Nov 10 at 8:06PM
MLS# 26-8836
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.
At 205 S Pierce Street in downtown Amarillo, this 3,450-square-foot mixed-use property was built in 1926. Its exterior is brick veneer, and the roof is built-up. A parking lot is also part of the property.
The building sits directly across from the Herring Hotel. The City of Amarillo voted on an agreement to restore the hotel.
The building sits directly across from the Herring Hotel. The City of Amarillo voted on an agreement to restore the hotel.
Key Highlights
- 3,450‑square‑foot mixed‑use property
- Built in 1926 with brick veneer construction
- Built‑up roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,260
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$745,200
$745.2K
Cap Rate 7%
$532,286
$532.3K
Cap Rate 9%
$414,000
$414.0K
Market Conditions
NOI Build-Up for 3,450 SF
Gross rent
$66.2K $19.20/SF
− Vacancy
−$6.6K −$1.92/SF
EGI
$59.6K $17.28/SF
− OpEx
−$22.4K −$6.48/SF
NOI
$37.3K $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%
$745,200
Cap Rate 7%
$532,286
Cap Rate 9%
$414,000
Alternative Uses
Best Use
Mixed Use
$532.3K
$465.8K – $621.0K
NOI $37,260 @ 7.0% cap · market cap 7.04%
Second Best
Retail
$476.1K
$416.6K – $555.5K
NOI $33,327 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$770.3K
$674.0K – $898.7K
NOI $53,919 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,932
Businesses Nearby
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Business Placement
Demographics for 79101, TX
2,307
Population
1,309
Households
1.8
Avg Household Size
51
Median Age
15%
College-Educated
81%
High-School Grad
1.6 sq mi
ZIP Area
1,442
Density / Sq Mi
$40,313
Median Household Income
$36,409
Median Earnings
$898
Median Rent
$152,300
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A surface parking lot is included with the building.
Where is this mixed-use property located?
The property is located at 205 S Pierce Street Amarillo, TX.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: 3,450‑square‑foot mixed‑use property; Built in 1926 with brick veneer construction; Built‑up roof
