Office Building with
For Sale
Contact for pricing
6500 W Amarillo Blvd, Amarillo, TX 79106
Office-focused facility includes classrooms, a kitchen and break room, shop area, grade-level door, and substantial meeting space.
Property Size26,410 SF
Price / SF$170.20
Days on Market678
Property Features for 6500 W Amarillo Blvd
General Information
Standard status
Active
Size
26,410 SF
Property subtype
OFFICE
Amenities
classrooms
kitchen/break room
shop area
auditorium
Building Details
Buildings
1
Listing Agency:
Gaut Whittenburg Emerson CRE
(806) 373-3111
Listed By:
Ben Whittenburg · License #SA664767000
Source:
Moodyscre
Added: Sep 26, 2024
Changed: Jul 31
Last Checked: Jul 31 at 5:16PM
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
Investment Insights
Based on property information with market context.
The 26,410-square-foot facility currently operates as the Texas A&M Agrilife Research & Extension Center at Amarillo. The primarily office-oriented building is in good shape and includes several classrooms, a large kitchen and break room, a shop area with a grade-level door, and a 300-person auditorium.
The main facility sits on 7.65 acres, with an additional 7.72 acres of excess land offering a separate land component. The land and buildings can be sold separately. The property may also be purchased with the property to the southwest at 6610 W. Amarillo Blvd.
The main facility sits on 7.65 acres, with an additional 7.72 acres of excess land offering a separate land component. The land and buildings can be sold separately. The property may also be purchased with the property to the southwest at 6610 W. Amarillo Blvd.
Key Highlights
- 26,410‑square‑foot office‑oriented facility on 7.65 acres
- 300‑person auditorium included in the main facility
- Several classrooms, large kitchen and break room
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 | $475.4k | $18.00 |
| − Vacancy | −$71.3k | −$2.70 |
| EGI | $404.1k | $15.30 |
| − OpEx | −$101.0k | −$3.82 |
| NOI | $303.1k | $11.48 |
26,410 SF · lease $18.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.33M
$3.79M – $5.05M
NOI $303,055 @ 7.0% cap · market cap 6.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.90M
$5.16M – $6.88M
NOI $412,757 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
890
Businesses Nearby
Explore this area
Business Placement
Demographics for 79106, TX
27,692
Population
13,385
Households
2.1
Avg Household Size
37
Median Age
24%
College-Educated
87%
High-School Grad
8.6 sq mi
ZIP Area
3,220
Density / Sq Mi
$54,407
Median Household Income
$36,061
Median Earnings
$995
Median Rent
$163,100
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 - Office-focused facility includes classrooms, a kitchen and break room, shop area, grade-level door, and substantial meeting space.
Where is this office building located?
The property is located at 6500 W Amarillo Blvd Amarillo, TX.
What is the asking price?
The asking price for this property is $4,495,000.
What are key features of this property?
This property features: 26,410‑square‑foot office‑oriented facility on 7.65 acres; 300‑person auditorium included in the main facility; Several classrooms, large kitchen and break room
