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    Versatile Office and Retail Space Title is generated by Realmo AI

    3601 S Monroe Street, Amarillo, TX 79110

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    Claim this Listing
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    For Sale
    $189,000

    Flexible indoor layout with office areas, storage, and two bathrooms near major roadway access.

    Type:General Commercial
    Property size:
    1,366 SF
    Price / SF:
    $138/SF
    Added:
    Jun 15, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 20 at 2:25 am

    Property Features for 3601 S Monroe Street

    General Information

    Standard status
    Active
    Size
    1,366 SF
    Property subtype
    General Commercial

    Building Details

    Year Built
    1951

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    Listing Contact
    Our Texas Real Estate

    Listing agent Our Texas Real Estate

    Listing office

    Listing date Jun 15, 2026

    Source Xome

    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 Our Texas Real Estate

    HighLights

    • Flexible commercial space with office areas and ample storage
    • Two bathrooms plus guest facilities (3)
    • Lot dimensions are 140.00 x 50.00
    • Built in 1951
    • Location offers access just off Washington Street and I‑27

    Overview

    This versatile commercial property is well suited for a range of business uses, with interior office areas, ample storage space, and two bathrooms. The layout is designed to accommodate both customer-facing and back-of-house needs, making it practical for office, retail, or service operations.

    Located just off Washington Street and I-27, the property offers convenient access for employees and visitors. Public remarks note strong traffic counts and exposure, supporting locations where visibility and approachability matter to day-to-day operations.

    For tenants or buyers seeking a functional space that can support multiple concepts, this offering provides a straightforward interior configuration and the basic amenities needed to operate. The combination of office space, storage, and two restrooms can help streamline daily workflow for an owner-operator or small business looking for a ready-to-use commercial location.

    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 $24.6k $18.00
    − Vacancy −$3.7k −$2.70
    EGI $20.9k $15.30
    − OpEx −$5.2k −$3.82
    NOI $15.7k $11.48
    1,366 SF · lease $18.00/SF/yr · vacancy 15.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $223.9K
    $195.9K – $261.3K (±1% cap)
    NOI $15,675 @ 7.0% cap · market cap 8.29%
    Second Best
    Retail
    $188.5K
    $165.0K – $219.9K (±1% cap)
    NOI $13,196 @ 7.0% cap · market cap 6.98%
    Theoretical Best
    Office A
    $305.0K
    $266.9K – $355.8K (±1% cap)
    NOI $21,349 @ 7.0% cap · market cap 11.30%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -101.84693
    Latitude
    35.175987

    FAQs

    What type of property is this?
    Office units - Flexible indoor layout with office areas, storage, and two bathrooms near major roadway access.
    Where is this office units located?
    The property is located at 3601 S Monroe Street Amarillo, TX.
    What is the asking price?
    The asking price for this property is $189,000.
    What are key features of this property?
    This property features: Flexible commercial space with office areas and ample storage; Two bathrooms plus guest facilities (3); Lot dimensions are 140.00 x 50.00
    More about this property
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