Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Updated Commercial Building in Borger Title is generated by Realmo AI

    500 W 3rd Street, Borger, TX 79007

    View on Map
    Claim this Listing
    New
    For Sale
    $225,000

    COMMERCIAL - Borger, TX

    Property size:
    3,000 SF
    Price / SF:
    $75/SF
    Added:
    May 13, 2026
    Days on Market:
    2
    Last Refresh:
    May 14 at 11:06 pm

    Property Features for 500 W 3rd Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    3,000 SF

    Taxes and HOA fees

    Tax Description
    14-15 BLK 21 THOMPSON

    We can help!

    Listing Contact
    Jodina Plumley

    Listing agent Jodina Plumley License #474127

    Listing office Keller Williams Realty Amarillo 3955 S Soncy Rd, Amarillo, TX

    Listing date May 13, 2026

    MLS# 25-9670

    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.

    HighLights

    • High‑visibility corner lot location.
    • Fully updated interior with newer roof, windows, paint, flooring, HVAC, and hot water heater.
    • Versatile building with flexible layout suitable for various business uses.
    • Convenient drive‑up window.
    • Spacious open area for retail, service, or customer seating.
    • Designated dining space.

    Overview

    This commercial property, located on a high-visibility corner lot, features a versatile building suitable for various business uses. The property includes a convenient drive-up window and a fully updated interior. The layout offers a spacious open area, suitable for retail, service, or customer seating, along with several smaller office or storage rooms, a designated dining space, and a well-maintained bathroom. Recent upgrades include a newer roof, windows, paint, flooring, HVAC system, and hot water heater. The building has a size of 3000 square feet and is located in Borger, Texas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Similar Places Nearby

    • Brown's Flowers & Gifts — 206 W 1st St, Borger, TX 79007

    Location Insight

    • Map
    • Local Demand
    City
    Borger
    County
    Hutchinson
    State
    Texas
    Longitude
    -101.394466
    Latitude
    35.668252

    Nearby Similar for Sale

    • $310,000
      4,130 SF

      Well-Maintained Industrial Shop in Borger

      Industrial shop with office, parking, and fenced yard on 0.92 acres.
      610 N Florida Street, Borger, TX 79007
      View Details
    • $200,000
      17,054 SF

      Versatile Commercial Building in Borger

      Large, adaptable building suitable for office or religious use.
      1110 Penn Street, Borger, TX 79007
      View Details
    • $190,000
      3,540 SF

      Commercial Building on Busy Street

      Updated commercial building suitable for various business types.
      701 S Cedar Street, Borger, TX 79007
      View Details
    • $749,000
      3,000 SF

      Borger Commercial Property For Sale

      Commercial property in Borger, TX, suitable for various businesses.
      200 S McGee Street, Borger, TX 79007
      View Details
    • $179,900

      Historic Borger Commercial Opportunity

      Prime commercial building in downtown Borger on Main Street.
      510 N Main Street, Borger, TX 79007
      View Details
    • $44,900

      Former Pet Grooming Business

      Retail space with grooming setup, kennels, and dog run.
      421 E 10th Street, Borger, TX 79007
      View Details
    • $175,000

      Downtown Borger Commercial Space

      Commercial space in revitalizing downtown Borger, Texas.
      401-405 N Main Street, Borger, TX 79007
      View Details
    • $825,999
      15,017 SF

      Versatile Commercial Property in Borger

      High-visibility corner property with restaurant, offices, shop, and apartment.
      900 N Cedar Street, Borger, TX 79007
      View Details
    • $299,900

      Borger, TX Apartment Complex

      Four townhome-style units near plant, ideal for short-term rentals.
      910 N Harvey Street, Borger, TX 79007
      View Details
    • $72,000
      1,135 SF

      Borger Commercial Property For Sale

      Highly visible and accessible commercial property in the heart of Borger.
      703 S Cedar Street, Borger, TX 79007
      View Details
    • $45,000
      1,894 SF

      Converted Warehouse in Borger, TX

      Converted warehouse with overhead door, buildings only for sale.
      816 Monroe Street, Borger, TX 79007
      View Details
    • Contact for pricing
      115,680 SF

      Office Building in Borger, TX

      115,680 SF office building for sale.
      300 W 6th St, Borger, TX 79007
      View Details

    FAQs

    What type of property is this?
    Storefront property - Versatile commercial building with updated interior and drive-up window.
    Where is this storefront property located?
    The property is located at 500 W 3rd Street Borger, TX.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: High‑visibility corner lot location.; **Fully updated interior with newer roof, windows, paint, flooring, HVAC, and hot water heater.**; Versatile building with flexible layout suitable for various business uses.
    (806) 359-4000
    We can help!
    Listing Contact
    Jodina Plumley
    Real Estate License ID: 474127
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    500 W 3rd Street, Borger, TX 79007
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!