Flex Industrial Facility with Yard
For Sale
Contact for pricing
Pending
2901 Lafayette Ln, Amarillo, TX 79118
Flex industrial building with warehouse space, office finishes, and yard access on both sides of the site.
Property Size5,100 SF
Lot Size1.73 Acres
Days on Market232
Property Features for 2901 Lafayette Ln
General Information
Standard status
Pending
Size
5,100 SF
Lot size
1.73 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Coldwell Banker Commercial First Equity, Realtors
(806) 354-3500
Listed By:
Jared Duncan
(806) 468-4899
Source:
Moodyscre
Added: Mar 13
Changed: Oct 25
Last Checked: Oct 28 at 11:21AM
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 Coldwell Banker Commercial First Equity, Realtors
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Investment Insights
Based on property information with market context.
This flex industrial facility combines functional warehouse space with high-quality office finishes, supporting industrial and service-oriented operations. The property is situated on approximately 1.73 acres and is configured to emphasize practical yard utilization alongside the building.
Access is provided on both sides of the site, supporting efficient on-site circulation for storage and day-to-day operations. The property is located at 2901 Lafayette Ln in Amarillo, TX 79118.
With approximately 5,100 square feet of total space, the layout is designed to balance workplace office improvements with the operational needs of a flex/warehouse environment.
Access is provided on both sides of the site, supporting efficient on-site circulation for storage and day-to-day operations. The property is located at 2901 Lafayette Ln in Amarillo, TX 79118.
With approximately 5,100 square feet of total space, the layout is designed to balance workplace office improvements with the operational needs of a flex/warehouse environment.
Key Highlights
- Flex industrial facility with warehouse space plus high‑quality office finishes
- Approximately 1.73 acres with yard space for operational use
- Access on both sides of the site for efficient circulation and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,523
Cap Rate
8.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,170,460
$1.2M
Cap Rate 7%
$836,043
$836.0K
Cap Rate 9%
$650,256
$650.3K
Market Conditions
NOI Build-Up for 5,100 SF
Gross rent
$91.8K $18.00/SF
− Vacancy
−$13.8K −$2.70/SF
EGI
$78.0K $15.30/SF
− OpEx
−$19.5K −$3.82/SF
NOI
$58.5K $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%
$1,170,460
Cap Rate 7%
$836,043
Cap Rate 9%
$650,256
Alternative Uses
Best Use
Office B
$836.0K
$731.5K – $975.4K
NOI $58,523 @ 7.0% cap · market cap 8.37%
Second Best
Warehouse
$570.7K
$499.4K – $665.9K
NOI $39,951 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$1.14M
$996.3K – $1.33M
NOI $79,707 @ 7.0% cap · market cap 11.40%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
41
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 79118, TX
27,608
Population
11,116
Households
2.5
Avg Household Size
35
Median Age
25%
College-Educated
92%
High-School Grad
159.4 sq mi
ZIP Area
173
Density / Sq Mi
$87,011
Median Household Income
$44,141
Median Earnings
$1,328
Median Rent
$224,000
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Flex industrial building with warehouse space, office finishes, and yard access on both sides of the site.
Where is this flex space located?
The property is located at 2901 Lafayette Ln Amarillo, TX.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Flex industrial facility with warehouse space plus high‑quality office finishes; Approximately 1.73 acres with yard space for operational use; Access on both sides of the site for efficient circulation and storage
