For Sale
$345,000
2700 S Western Street, Amarillo, TX 79109
Office Units
Property Size1,990 SF
Price / SF$173.37
Days on Market211
Property Features for 2700 S Western Street
General Information
Standard status
Active
Size
1,990 SF
Property subtype
Commercial
Building Details
Year Built
1986
Listing Agency:
FIMC Commercial Realty
Listed By:
Kirk Chudej · License #604402
(806) 358-7151
Source:
Shopamarillohomes
Added: Mar 26
Changed: Sep 3
Last Checked: Sep 3 at 1:45AM
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 FIMC Commercial Realty
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Investment Insights
Based on property information with market context.
Key Highlights
- Prime location in a high‑demand business park on a bustling main thoroughfare.
- Includes a spacious conference room and three large offices.
- Features a fully equipped kitchen and welcoming waiting area.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,835
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$456,700
$456.7K
Cap Rate 7%
$326,214
$326.2K
Cap Rate 9%
$253,722
$253.7K
Market Conditions
NOI Build-Up for 1,990 SF
Gross rent
$35.8K $18.00/SF
− Vacancy
−$5.4K −$2.70/SF
EGI
$30.4K $15.30/SF
− OpEx
−$7.6K −$3.82/SF
NOI
$22.8K $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%
$456,700
Cap Rate 7%
$326,214
Cap Rate 9%
$253,722
Alternative Uses
Best Use
Office B
$326.2K
$285.4K – $380.6K
NOI $22,835 @ 7.0% cap · market cap 6.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$444.3K
$388.8K – $518.4K
NOI $31,101 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,093
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
Where is this office unit located?
The property is located at 2700 S Western Street Amarillo, TX.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Prime location in a high‑demand business park on a bustling main thoroughfare.; Includes a spacious conference room and three large offices.; Features a fully equipped kitchen and welcoming waiting area.
