Renovated Office
For Sale
$415,000
3210 S GEORGIA Street, Amarillo, TX 79109
Commercial Sale, Amarillo, TX
Property Size2,976 SF
Lot Size0.26 Acres
Price / SF$139.45
Days on Market47
Property Features for 3210 S GEORGIA Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
0200 - SW Amarillo in City Limits
Directions
West bound !-40 exit Georgia. Turn South. Property will be on the right.
Subdivision
0202 - Lawrence Park
Standard status
Active
APN
214540
Size
2,976 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Description
WESTHAVEN PARK ADDN, BLK 0003, 93FT W X 120FT N OF TR 1 BEG IN SE COR
Legal Description
WESTHAVEN PARK ADDN, BLK 0003, 93FT W X 120FT N OF TR 1 BEG IN SE COR
Building Details
Year built
1976
Listing Agency:
RockOne Realty, LLC
(806) 599-9900
Listed By:
Tara Vanover
(806) 599-9900
Added: Jul 8
Changed: Aug 19
Last Checked: Aug 23 at 6:06PM
MLS# 26-5508
Copyright © 2026 Amarillo Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This renovated office building is laid out to support a professional workflow, with five individual offices plus two larger executive offices that can also serve as multipurpose rooms. The interior includes a generously sized training or multi-purpose room, a reception and waiting area, and a fully equipped kitchen. Additional features include two modern bathrooms and a separate storage room. Keyless entry is also provided for enhanced access control.
Located at 3210 S Georgia Street in Amarillo, the property is positioned on a bustling, well-frequented street in central Amarillo, offering convenient visibility for office users. The building underwent renovations in 2018, including installation of a TPO roof that same year. A new sewer line was added in 2023.
The combination of private office space, a dedicated meeting/training room, and reception support makes this property suitable for office-based tenants looking for an organized, ready-to-operate layout. It can also appeal to buyers seeking an office facility with completed capital improvements and a functional mix of rooms for client-facing and internal use.
Located at 3210 S Georgia Street in Amarillo, the property is positioned on a bustling, well-frequented street in central Amarillo, offering convenient visibility for office users. The building underwent renovations in 2018, including installation of a TPO roof that same year. A new sewer line was added in 2023.
The combination of private office space, a dedicated meeting/training room, and reception support makes this property suitable for office-based tenants looking for an organized, ready-to-operate layout. It can also appeal to buyers seeking an office facility with completed capital improvements and a functional mix of rooms for client-facing and internal use.
Key Highlights
- Built in 1976, central Amarillo commercial office building on a well‑frequented street
- Layout includes 5 individual offices plus 2 executive offices/multipurpose rooms and a training or multipurpose room
- Reception and waiting area, fully equipped kitchen, 2 modern bathrooms, and a storage room
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
Yes
Paved road access
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Updated office building with multiple private offices, reception area, training room, and keyless entry for secure day-to-day operations.
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: Built in 1976, central Amarillo commercial office building on a well‑frequented street; Layout includes 5 individual offices plus 2 executive offices/multipurpose rooms and a training or multipurpose room; Reception and waiting area, fully equipped kitchen, 2 modern bathrooms, and a storage room
