Listing Agency: Gaut Whittenburg Emerson CRE

Listed By: Bo Wulfman · License #TX 0375664 Show Phone

Source: Crexi

Added: Aug 21 Changed: Oct 8 Last Checked: Oct 19 at 7:03AM

Report an Issue

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 Gaut Whittenburg Emerson CRE

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This flex-space property combines unfinished office areas with a bathroom and a shop area suited to projects, equipment, or storage. The upper level offers additional interior space that can function as office area or an apartment. A pole barn behind the building adds covered space for outdoor storage.

The site is partially fenced, while the west boundary remains open. OCL zoning is identified for the property, and the overall configuration supports business, workshop, or mixed-use purposes.

Key Highlights

• Unfinished office space with bathroom
• Upper level can serve as additional office area or apartment
• Shop area for projects, equipment, or storage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,950

Cap Rate

4.59%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$459,000 $459.0K

Cap Rate 7%

$327,857 $327.9K

Cap Rate 9%

$255,000 $255.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,000 SF

Gross rent

$36.0K $18.00/SF

− Vacancy

−$5.4K −$2.70/SF

EGI

$30.6K $15.30/SF

− OpEx

−$7.7K −$3.82/SF

NOI

$23.0K $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%

$459,000

Cap Rate 7%

$327,857

Cap Rate 9%

$255,000

Alternative Uses

Best Use

Office B

$327.9K

$286.9K – $382.5K (±1% cap)

NOI $22,950 @ 7.0% cap · market cap 4.59%

Second Best

Warehouse

$223.8K

$195.8K – $261.1K (±1% cap)

NOI $15,667 @ 7.0% cap · market cap 3.13%

Theoretical Best

Office A

$446.5K

$390.7K – $521.0K (±1% cap)

NOI $31,258 @ 7.0% cap · market cap 6.25%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Building Supply Auto Parts Store Big Box & Wholesale Store Florist Restaurant Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

11

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 79108, TX

12,117

Population

5,079

Households

2.4

Avg Household Size

41

Median Age

14%

College-Educated

85%

High-School Grad

183.5 sq mi

ZIP Area

66

Density / Sq Mi

$63,383

Median Household Income

$35,746

Median Earnings

$1,035

Median Rent

$150,600

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Similar For Sale Nearby

See more

Mixed-Use Property with Shops

2108 Dakota Trail, Amarillo, TX 79118

$670,000

2,000 SF

View details

Commercial

2700 S Western Street, Amarillo, TX 79109

$345,000

1,990 SF

View details

Clear-Span Warehouse with Multiple Doors

3101 E FM 1151, Amarillo, TX 79118

$695,000

1,960 SF

View details

Flex Warehouse with Fenced Yard

4612 Maverick Street, Amarillo, TX 79109

$270,000

2,000 SF

View details

Multi-Use Agricultural and Industrial Property

11616 Tanglewood Rd, Amarillo, TX 79118

$925,000

1,800 SF

View details

Flex Space Shop With HVAC

6601 LOWES Lane, Amarillo, TX 79106

$275,000

View details

Versatile Commercial Property Near Downtown

1515 S Garfield Street, Amarillo, TX 79102

$319,900

2,640 SF

View details

Flex Space with Dock Access

512 NE 2nd Avenue, Amarillo, TX 79107

$990,000

2,520 SF

View details

Three-Building Mixed-Use Property

1005 N Fillmore Street, Amarillo, TX 79107

$250,000

2,678 SF

View details

Flex Building with Warehouse Space

6325 STAR Lane, Amarillo, TX 79109

$360,000

4,000 SF

View details

Multi-Building Industrial Warehouse Property

206 SE 36TH Avenue, Amarillo, TX 79110

$450,000

5,442 SF

View details

Freestanding Flex Property

1502 S Lipscomb Street, Amarillo, TX 79102

$275,000

3,916 SF

View details

Frequently Asked Questions

What type of property is this?

Flex space - Unfinished office areas, a bathroom, workshop space, and covered outdoor storage support flexible business use.

Where is this flex space located?

The property is located at 4901 Whitaker N Amarillo, TX.

What is the asking price?

The asking price for this property is $500,000.

What are key features of this property?

This property features: Unfinished office space with bathroom; Upper level can serve as additional office area or apartment; Shop area for projects, equipment, or storage