Freestanding Office Building For
For Sale
$395,000
2620 S Kentucky St, Amarillo, TX 79109
Freestanding office building near I-40 and S. Georgia St.
Property Size2,376 SF
Days on Market215
Property Features for 2620 S Kentucky St
General Information
Standard status
Active
Size
2,376 SF
Class
B
Property subtype
Office
Building Details
Building Size
2,376 SF
Year Built
2012
Listing Agency:
WestMark Commercial | TCN Worldwide
Listed By:
Crystal H. Edwards · License #TX #0595583-SA
(806) 786-7374
Source:
Westmarkcommercial
Added: Mar 6
Changed: Oct 5
Last Checked: Oct 7 at 10:42AM
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 WestMark Commercial | TCN Worldwide
Investment Insights
Based on property information with market context.
This freestanding office building is located less than a mile from I-40, just off S. Georgia St., at the corner of SW 27th and Kentucky. The building is currently configured for two tenants but could be converted to a single-tenant space. Parking lots are situated on either end of the property. The surrounding area includes businesses such as MarketStreet, Happy State Bank, Walgreens, and Toot N Totum, as well as various retail and restaurant options, including Chick-fil-A.
Key Highlights
- Prime Location: Less than a mile from I‑40 and just off S. Georgia St.
- High‑Traffic Area: Situated near MarketStreet, Happy State Bank, Walgreens, Toot N Totum, and Chick‑fil‑A.
- Flexible Tenant Configuration: Easily convertible from a 2‑tenant to a single‑tenant building.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,265
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$545,300
$545.3K
Cap Rate 7%
$389,500
$389.5K
Cap Rate 9%
$302,944
$302.9K
Market Conditions
NOI Build-Up for 2,376 SF
Gross rent
$42.8K $18.00/SF
− Vacancy
−$6.4K −$2.70/SF
EGI
$36.4K $15.30/SF
− OpEx
−$9.1K −$3.82/SF
NOI
$27.3K $11.48/SF
Area
Amarillo, TX
Vacancy
15.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$545,300
Cap Rate 7%
$389,500
Cap Rate 9%
$302,944
Alternative Uses
Best Use
Office B
$389.5K
$340.8K – $454.4K
NOI $27,265 @ 7.0% cap · market cap 6.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$530.5K
$464.2K – $618.9K
NOI $37,134 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,198
Businesses Nearby
Explore this area
Business Placement
Demographics for 79109, TX
42,509
Population
20,308
Households
2.1
Avg Household Size
39
Median Age
33%
College-Educated
93%
High-School Grad
10.3 sq mi
ZIP Area
4,127
Density / Sq Mi
$68,579
Median Household Income
$41,410
Median Earnings
$945
Median Rent
$217,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Freestanding office building near I-40 and S. Georgia St.
Where is this office building located?
The property is located at 2620 S Kentucky St Amarillo, TX.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Prime Location: Less than a mile from I‑40 and just off S. Georgia St.; High‑Traffic Area: Situated near MarketStreet, Happy State Bank, Walgreens, Toot N Totum, and Chick‑fil‑A.; Flexible Tenant Configuration: Easily convertible from a 2‑tenant to a single‑tenant building.
