Renovated Office
For Sale
$415,000
3210 S Georgia Street, Amarillo, TX 79109
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 Market50
Property Features for 3210 S Georgia Street
General Information
Standard status
Active
Size
2,976 SF
Property subtype
Commercial
Additional Details
Office Units
7
Building Details
Year Built
1976
Year Renovated
2018
Listing Agency:
RockOne Realty, LLC
(806) 599-9900
Listed By:
Tara Vanover
Source:
Shopamarillohomes
Added: Jul 14
Changed: Aug 11
Last Checked: Aug 24 at 4:15AM
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
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,150
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$683,000
$683.0K
Cap Rate 7%
$487,857
$487.9K
Cap Rate 9%
$379,444
$379.4K
Market Conditions
NOI Build-Up for 2,976 SF
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.
Gross rent
$53.6K $18.00/SF
− Vacancy
−$8.0K −$2.70/SF
EGI
$45.5K $15.30/SF
− OpEx
−$11.4K −$3.82/SF
NOI
$34.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$683,000
Cap Rate 7%
$487,857
Cap Rate 9%
$379,444
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Office units
Location Intelligence
Trade Area within ½ mile
898
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
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
