Multi-Building Office
For Sale
Contact for pricing
600 S Buchanan St, Amarillo, TX 79101
Three office buildings offer multiple available suites totaling divisible space across Buildings A, B, and C.
Property Size19,243 SF
Price / SF$198.05
Days on Market599
Property Features for 600 S Buchanan St
General Information
Standard status
Active
Size
19,243 SF
Property subtype
OFFICE
Listing Agency:
Llano Real Estate Group
(806) 392-9912
Listed By:
Josh Langham · License #0664099
(806) 236-3736
Source:
Moodyscre
Added: Mar 11, 2025
Changed: Oct 25
Last Checked: Oct 28 at 7:38AM
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 Llano Real Estate Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The offering includes three separate office buildings with divisible space available. Building A provides 10,363 square feet of available divisible space. Building B totals 9,889 divisible square feet and includes 5,030 square feet available. Building C offers 3,850 divisible square feet available.
The property is located at 600 S Buchanan St in Amarillo, Texas. Its multi-building layout can support a variety of office tenancy needs while keeping building-by-building space availability defined.
Total property size is 19,243 square feet, comprised of the three buildings described above, with current availability spread between Buildings A, B, and C.
The property is located at 600 S Buchanan St in Amarillo, Texas. Its multi-building layout can support a variety of office tenancy needs while keeping building-by-building space availability defined.
Total property size is 19,243 square feet, comprised of the three buildings described above, with current availability spread between Buildings A, B, and C.
Key Highlights
- Three office buildings with multiple available suites: Building A, B, and C
- Building A offers 10,363 divisible SF available
- Building B totals 9,889 divisible SF, with 5,030 SF available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$220,813
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,416,260
$4.4M
Cap Rate 7%
$3,154,471
$3.2M
Cap Rate 9%
$2,453,478
$2.5M
Market Conditions
NOI Build-Up for 19,243 SF
Gross rent
$346.4K $18.00/SF
− Vacancy
−$52.0K −$2.70/SF
EGI
$294.4K $15.30/SF
− OpEx
−$73.6K −$3.82/SF
NOI
$220.8K $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%
$4,416,260
Cap Rate 7%
$3,154,471
Cap Rate 9%
$2,453,478
Alternative Uses
Best Use
Office B
$3.15M
$2.76M – $3.68M
NOI $220,813 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.30M
$3.76M – $5.01M
NOI $300,745 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,043
Businesses Nearby
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Business Placement
Demographics for 79101, TX
2,307
Population
1,309
Households
1.8
Avg Household Size
51
Median Age
15%
College-Educated
81%
High-School Grad
1.6 sq mi
ZIP Area
1,442
Density / Sq Mi
$40,313
Median Household Income
$36,409
Median Earnings
$898
Median Rent
$152,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Three office buildings offer multiple available suites totaling divisible space across Buildings A, B, and C.
Where is this office building located?
The property is located at 600 S Buchanan St Amarillo, TX.
What is the asking price?
The asking price for this property is $3,811,005.
What are key features of this property?
This property features: Three office buildings with multiple available suites: Building A, B, and C; Building A offers 10,363 divisible SF available; Building B totals 9,889 divisible SF, with 5,030 SF available
