Multi-Building Industrial Warehouse
For Sale
$450,000
206 SE 36TH Avenue, Amarillo, TX 79110
Commercial Sale, Amarillo, TX
Property Size5,442 SF
Price / SF$82.69
Days on Market50
Property Features for 206 SE 36TH Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
0400 - SE Amarillo in City Limits
Directions
South on I-27. Exit 34th Ave and turn under the overpass. Stay to the right of 34th (beside the overpass) and go east until you reach Fillmore St. Turn south on Fillmore. Stay on Fillmore until the end of the curve. Watch for my sign on the left.
Subdivision
0400 - Ross Post Office
Standard status
Active
APN
Barrington Trust - Dianne McClish, Trustee
Size
5,442 SF
Taxes and HOA fees
Tax Description
See attached description
Legal Description
See attached description
Building Details
Year built
1949
Roof type
Metal
Listing Agency:
Keller Williams Realty Amarillo
(806) 359-4000
Listed By:
Frances Frost · License #0679680
(806) 626-2298
Added: Sep 11
Changed: Oct 8
Last Checked: Oct 30 at 3:06AM
MLS# 26-7369
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.
This warehouse property comprises 5,442 square feet across a multi-structure industrial compound on 9 lots. The improvements include two large warehouse buildings plus two additional shops constructed in 2003. Each newer shop contains an office and bathroom, adding functional support space to the warehouse configuration. The property was originally built in 1949 and features metal roofing.
A perimeter fence defines the site and accommodates equipment, inventory, vehicles, or ongoing business operations. Access to I-27 and I-40 supports regional transportation and connectivity. The combination of warehouse buildings, separate shops, office areas, and fenced land provides a flexible industrial setting for storage, renovation, expansion, or business use.
A perimeter fence defines the site and accommodates equipment, inventory, vehicles, or ongoing business operations. Access to I-27 and I-40 supports regional transportation and connectivity. The combination of warehouse buildings, separate shops, office areas, and fenced land provides a flexible industrial setting for storage, renovation, expansion, or business use.
Key Highlights
- 5,442 square feet of industrial improvements
- Property spans 9 lots
- Two large warehouse buildings plus two additional shops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,052
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$781,040
$781.0K
Cap Rate 7%
$557,886
$557.9K
Cap Rate 9%
$433,911
$433.9K
Market Conditions
NOI Build-Up for 5,442 SF
Gross rent
$65.3K $12.00/SF
− Vacancy
−$5.2K −$0.96/SF
EGI
$60.1K $11.04/SF
− OpEx
−$21.0K −$3.86/SF
NOI
$39.1K $7.18/SF
Area
Amarillo, TX
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$781,040
Cap Rate 7%
$557,886
Cap Rate 9%
$433,911
Alternative Uses
Best Use
Warehouse
$609.0K
$532.9K – $710.5K
NOI $42,630 @ 7.0% cap · market cap 9.47%
Second Best
Flex RnD
$557.9K
$488.2K – $650.9K
NOI $39,052 @ 7.0% cap · market cap 8.68%
Theoretical Best
Office A
$1.22M
$1.06M – $1.42M
NOI $85,052 @ 7.0% cap · market cap 18.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
170
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79110, TX
18,285
Population
7,760
Households
2.4
Avg Household Size
35
Median Age
15%
College-Educated
91%
High-School Grad
5.4 sq mi
ZIP Area
3,386
Density / Sq Mi
$65,896
Median Household Income
$39,833
Median Earnings
$1,173
Median Rent
$153,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Amarillo Vehicle Storage — 3710 Tradewind St, Amarillo, TX 79118
- Attebury Grain — 202 S Hughes St, Amarillo, TX 79109
Frequently Asked Questions
What type of property is this?
Warehouse - Fenced industrial compound with multiple structures, newer shop buildings, and access to two major interstate routes.
Where is this warehouse located?
The property is located at 206 SE 36TH Avenue Amarillo, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 5,442 square feet of industrial improvements; Property spans 9 lots; Two large warehouse buildings plus two additional shops
