Flex Space with Bridge
2314 SE 3rd Ave, Amarillo, TX 79104
For Sale
Contact for pricing
Heavy Commercial zoning and a combination of office, customer-service, and shop areas support varied operating needs.
Property Size8,509 SF
Price / SF$70.40
Days on Market43
Property Features for 2314 SE 3rd Ave
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Asking Price
Highway Access
Drive-In Doors
Building Details
Building Size
Listing Agency:
Gaut Whittenburg Emerson CRE
Listed By:
Bo Wulfman · License TX #375664
(806) 373-3111
Source:
Crexi
Added: Sep 30
Changed: Nov 8
Last Checked: Nov 10 at 6:22AM
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 Gaut Whittenburg Emerson CRE
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 8,509-square-foot flex property combines shop space with two private offices and a retail/service counter. The shop has three 12' x 12' grade-level overhead doors and three 2-ton bridge cranes for material handling. Heavy Commercial zoning is also in place.
The property is at 2314 SE 3rd Ave in Amarillo, with access to downtown, Hwy 87, and I-40.
The property is at 2314 SE 3rd Ave in Amarillo, with access to downtown, Hwy 87, and I-40.
Key Highlights
- 8,509 SF flex property with two private offices and a retail/service counter
- Three 12' x 12' grade‑level overhead doors
- Three 2‑ton bridge cranes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,194
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,023,880
$1.0M
Cap Rate 7%
$731,343
$731.3K
Cap Rate 9%
$568,822
$568.8K
Market Conditions
NOI Build-Up for 8,509 SF
Gross rent
$76.6K $9.00/SF
− Vacancy
−$3.4K −$0.41/SF
EGI
$73.1K $8.59/SF
− OpEx
−$21.9K −$2.58/SF
NOI
$51.2K $6.02/SF
Area
Amarillo, TX
Vacancy
4.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,023,880
Cap Rate 7%
$731,343
Cap Rate 9%
$568,822
Alternative Uses
Best Use
Warehouse
$952.2K
$833.2K – $1.11M
NOI $66,656 @ 7.0% cap · market cap 11.13%
Second Best
Flex RnD
$872.3K
$763.3K – $1.02M
NOI $61,061 @ 7.0% cap · market cap 10.19%
Theoretical Best
Office A
$1.90M
$1.66M – $2.22M
NOI $132,985 @ 7.0% cap · market cap 22.20%
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
3
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
381
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79104, TX
7,166
Population
2,893
Households
2.5
Avg Household Size
34
Median Age
6%
College-Educated
71%
High-School Grad
3.0 sq mi
ZIP Area
2,389
Density / Sq Mi
$47,768
Median Household Income
$24,991
Median Earnings
$905
Median Rent
$94,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Amarillo, TX
Properties on Market for Flex space in Amarillo
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Heavy Commercial zoning and a combination of office, customer-service, and shop areas support varied operating needs.
Where is this flex space located?
The property is located at 2314 SE 3rd Ave Amarillo, TX.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 8,509 SF flex property with two private offices and a retail/service counter; Three 12' x 12' grade‑level overhead doors; Three 2‑ton bridge cranes
