Office Building with Private
For Sale
$816,000
Pending
6110 SW 34TH Avenue, Amarillo, TX 79109
Commercial Sale, Amarillo, TX
Property Size4,082 SF
Lot Size0.51 Acres
Days on Market62
Property Features for 6110 SW 34TH Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
0200 - SW Amarillo in City Limits
Parking features
Covered, Parking Lot
Directions
Bell, west on 34th. Property next to KFC past Danvers
Subdivision
0204 - Belmar
Standard status
Pending
APN
214436
Size
4,082 SF
Lot size
0.51 Acres
Taxes and HOA fees
Tax Description
BELMAR # 52, LOT 04A, BLK 0085
Legal Description
BELMAR # 52, LOT 04A, BLK 0085
Utilities
Cooling system
Central Air, Electric
Amenities
private offices
conference rooms
cubicles
printer/file area
open bullpen area
three baths
kitchenette
private entrance
dedicated bath
wood details and custom built-ins
Building Details
Year built
1984
Flooring type
Carpet, Tile
Building materials
Brick Veneer
Listing Agency:
Larry Brown, REALTORS(R)
(806) 358-7421
Listed By:
Kristal K. Mooneyham
(806) 358-7421
Added: Jun 24
Changed: Aug 22
Last Checked: Aug 24 at 12:06AM
MLS# 26-3287
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 4,082-square-foot office building occupies 0.51 acres at 6110 SW 34TH Avenue in Amarillo. The interior includes six private offices, two conference rooms, six cubicles, an open bullpen, and a printer/file area. Three baths and a kitchenette support daily operations, while the main office has its own entrance, dedicated bath, wood details, and custom built-ins.
Built in 1984 with brick veneer construction, the property combines tile and carpet flooring with central electric air conditioning. Covered parking and a parking lot are included, providing on-site parking for occupants and visitors. The building is located in Amarillo, Texas, within Randall County.
Built in 1984 with brick veneer construction, the property combines tile and carpet flooring with central electric air conditioning. Covered parking and a parking lot are included, providing on-site parking for occupants and visitors. The building is located in Amarillo, Texas, within Randall County.
Key Highlights
- 4,082‑square‑foot office building on 0.51 acres
- Six private offices, two conference rooms, six cubicles, and an open bullpen
- Main office includes a private entrance, dedicated bath, wood details, and custom built‑ins
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
$46,841
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
5.74%
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%
$936,820
$936.8K
Cap Rate 7%
$669,157
$669.2K
Cap Rate 9%
$520,456
$520.5K
Market Conditions
NOI Build-Up for 4,082 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
$73.5K $18.00/SF
− Vacancy
−$11.0K −$2.70/SF
EGI
$62.5K $15.30/SF
− OpEx
−$15.6K −$3.82/SF
NOI
$46.8K $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 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%
$936,820
Cap Rate 7%
$669,157
Cap Rate 9%
$520,456
Alternative Uses
Best Use
Office B
$669.2K
$585.5K – $780.7K
NOI $46,841 @ 7.0% cap · market cap 5.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$911.4K
$797.5K – $1.06M
NOI $63,797 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
436
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
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Frequently Asked Questions
What type of property is this?
Office building - Configured for professional use with conference rooms, workstations, a bullpen area, kitchenette, and three baths.
Where is this office building located?
The property is located at 6110 SW 34TH Avenue Amarillo, TX.
What is the asking price?
The asking price for this property is $816,000.
What are key features of this property?
This property features: 4,082‑square‑foot office building on 0.51 acres; Six private offices, two conference rooms, six cubicles, and an open bullpen; Main office includes a private entrance, dedicated bath, wood details, and custom built‑ins
