Downtown Flex Retail Office
701 Se 10th Avenue Amarillo, TX 79101
701 Se 10th Avenue, Amarillo, TX, 79101
$690,000
For Sale
$690,000
Remodeled flex building with showrooms, warehouse space with two electric OH doors, and ADA-accessible restrooms.
Property Size10,300 SF
Price / SF$66.99
Days on Market16
Property Features for 701 Se 10th Avenue
General Information
- Standard status
- Active
- Size
- 10,300 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1925
Listing agency
Gaut Whittenburg Emerson Commercial Real Estate, LLC
(806) 373-3111
Listed by
Miles Bonifield · License #0594133
Source
Shopamarillohomes
Added: Jul 8 Updated: Jul 22 at 7:09PM Checked: Jul 22 at 7:09PM
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 Commercial Real Estate, LLC
Investment Insights
Based on property information with market context.
This downtown flex retail/office/warehouse building was remodeled in 2020 and is designed for a mix of showroom display and warehouse operations. The property features two large showrooms, an additional loft area, and warehouse space with two overhead doors equipped with electric openers. Interior improvements include barrel ceiling elements, hardwood flooring, a wet bar, fireplace, open work spaces, and a showroom freight elevator.
The building has three bathrooms, including two ADA-accessible restrooms, plus a basement. Exterior updates include newly painted exterior surfaces, retail glass windows along the front, a glass overhead door, awnings on the front, and a sealed TPO roof with a silicon coating. HVAC is included in the main showroom.
Parking is available along Johnson and in an included parking lot. The property is a hard corner location approximately 700 feet from Hodgetown.
The building has three bathrooms, including two ADA-accessible restrooms, plus a basement. Exterior updates include newly painted exterior surfaces, retail glass windows along the front, a glass overhead door, awnings on the front, and a sealed TPO roof with a silicon coating. HVAC is included in the main showroom.
Parking is available along Johnson and in an included parking lot. The property is a hard corner location approximately 700 feet from Hodgetown.
Key Highlights
- Remodeled in 2020, 1925‑built downtown flex retail/office/warehouse building
- Two large showrooms plus a loft area and open work spaces
- Warehouse space includes 2 OH doors with electric openers and a showroom freight elevator
Local Financial Insights For Industrial
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 | $92.7k | $9.00 |
| − Vacancy | −$4.2k | −$0.41 |
| EGI | $88.5k | $8.59 |
| − OpEx | −$26.6k | −$2.58 |
| NOI | $62.0k | $6.02 |
10,300 SF · lease $9.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.69M
$1.48M – $1.97M
NOI $118,193 @ 7.0% cap · market cap 17.13%
Second Best
Retail
$1.42M
$1.24M – $1.66M
NOI $99,498 @ 7.0% cap · market cap 14.42%
Theoretical Best
Office A
$2.30M
$2.01M – $2.68M
NOI $160,977 @ 7.0% cap · market cap 23.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
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Amarillo Bail Bond
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Kimmi McCarrell Realtor
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Sam Martinez Realtor
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ANDALE BAIL BONDS
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FAQs
What type of property is this?
Flex space - Remodeled flex building with showrooms, warehouse space with two electric OH doors, and ADA-accessible restrooms.
Where is this flex space located?
The property is located at 701 Se 10th Avenue Amarillo, TX.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Remodeled in 2020, 1925‑built downtown flex retail/office/warehouse building; Two large showrooms plus a loft area and open work spaces; Warehouse space includes 2 OH doors with electric openers and a showroom freight elevator
