Renovated Office
3210 S Georgia Street Amarillo, TX 79109
New
3210 S Georgia Street, Amarillo, TX, 79109
$415,000
For Sale
$415,000
Renovated office building with multiple offices, a reception area, training room, kitchen, two restrooms, and keyless entry.
Property Size2,976 SF
Price / SF$139.45
Days on Market4
Property Features for 3210 S Georgia Street
General Information
- Standard status
- Active
- Size
- 2,976 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1976
Listing Agency
RockOne Realty, LLC
Listed by
Tara Vanover
Source
Shopamarillohomes
Added: Jul 14 Checked: Jul 15 at 2:39 am
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 RockOne Realty, LLC
Investment Insights
Based on property information with market context.
This renovated commercial office building is configured with five individual offices, two executive offices that can also serve as multipurpose rooms, and a generously sized training or multipurpose room. The interior also includes a reception and waiting area, a fully equipped kitchen, two modern bathrooms, and a storage room. Keyless entry is included for added convenience.
According to the seller, renovations were completed in 2018, including installation of a TPO roof that same year. A new sewer line was added in 2023.
The building is offered for sale as a turnkey office facility with a layout designed for professional workspaces and group meeting or training use.
According to the seller, renovations were completed in 2018, including installation of a TPO roof that same year. A new sewer line was added in 2023.
The building is offered for sale as a turnkey office facility with a layout designed for professional workspaces and group meeting or training use.
Key Highlights
- Renovated commercial office building (renovated in 2018) with a TPO roof installed in 2018
- Layout includes 5 individual offices plus 2 executive offices or multipurpose rooms
- Includes a large training or multipurpose room, reception and waiting area, and a fully equipped kitchen
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.6k | $18.00 |
| − Vacancy | −$8.0k | −$2.70 |
| EGI | $45.5k | $15.30 |
| − OpEx | −$11.4k | −$3.82 |
| NOI | $34.1k | $11.48 |
2,976 SF · lease $18.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$487.9K
$426.9K – $569.2K
NOI $34,150 @ 7.0% cap · market cap 8.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$664.4K
$581.4K – $775.2K
NOI $46,511 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Alyssa Medlin, Realtor®
Real Estate Agency
Kassandra Diaz
Real Estate Agency
Shae Griminger- Realtor ...
Real Estate Agency
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FAQs
What type of property is this?
Office building - Renovated office building with multiple offices, a reception area, training room, kitchen, two restrooms, and keyless entry.
Where is this office building located?
The property is located at 3210 S Georgia Street Amarillo, TX.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Renovated commercial office building (renovated in 2018) with a TPO roof installed in 2018; Layout includes 5 individual offices plus 2 executive offices or multipurpose rooms; Includes a large training or multipurpose room, reception and waiting area, and a fully equipped kitchen
