Mixed-Use Property with 5-Bay
New
For Sale
$225,000
707 S Arthur Street, Amarillo, TX 79102
Commercial Sale, Amarillo, TX
Property Size2,460 SF
Price / SF$91.46
Days on Market4
Property Features for 707 S Arthur Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
0300 - NE Amarillo in City Limits
Parking features
Garage, Parking Lot
Directions
Left of Arthur from 10th. Property will be on the right
Subdivision
0300 - Santa Fe Station
Standard status
Active
APN
212805
Size
2,460 SF
Taxes and HOA fees
Tax Description
MIRROR'S ADDN, LOT 007, BLK 0381
Legal Description
MIRROR'S ADDN, LOT 007, BLK 0381
Amenities
5-bay shop
paint booth
newer garage door openers
updated electrical outlets
large compressor
shop heater
newer half bath
top-of-the-line fencing
hot wire
newer roof
1-bedroom home
separate single-car garage
Building Details
Year built
1967
Building materials
Block
Listing Agency:
Keller Williams Realty Amarillo
(806) 359-4000
Listed By:
April Bell · License #0653918
(806) 477-2538
Added: Oct 10
Changed: Oct 11
Last Checked: Oct 13 at 10:06PM
MLS# 26-8071
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 2,460-square-foot mixed-use property combines a five-bay shop with a one-bedroom, one-bathroom home. One shop bay is suited to paint-booth use. The workspace includes a large compressor, shop heater, newer garage door openers, updated electrical outlets, and a newer half bath. The bay doors measure 8 feet tall by 10 feet wide.
A separate single-car garage and parking lot provide additional vehicle space. The property also has fencing with hot wire, and the residence has a newer roof.
A separate single-car garage and parking lot provide additional vehicle space. The property also has fencing with hot wire, and the residence has a newer roof.
Key Highlights
- Five‑bay shop, including one bay identified for paint‑booth use
- Shop doors are 8 feet tall and 10 feet wide
- Workspace includes a large compressor, shop heater, updated electrical outlets, and newer garage door openers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,801
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,020
$296.0K
Cap Rate 7%
$211,443
$211.4K
Cap Rate 9%
$164,456
$164.5K
Market Conditions
NOI Build-Up for 2,460 SF
Gross rent
$22.1K $9.00/SF
− Vacancy
−$996 −$0.41/SF
EGI
$21.1K $8.59/SF
− OpEx
−$6.3K −$2.58/SF
NOI
$14.8K $6.02/SF
Area
Amarillo, TX
Vacancy
4.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,020
Cap Rate 7%
$211,443
Cap Rate 9%
$164,456
Alternative Uses
Best Use
Mixed Use
$379.5K
$332.1K – $442.8K
NOI $26,568 @ 7.0% cap · market cap 11.81%
Second Best
Retail
$339.5K
$297.1K – $396.1K
NOI $23,764 @ 7.0% cap · market cap 10.56%
Theoretical Best
Office A
$549.2K
$480.6K – $640.8K
NOI $38,447 @ 7.0% cap · market cap 17.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
5
Service bays
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,198
Businesses Nearby
Explore this area
Business Placement
Demographics for 79102, TX
9,252
Population
4,695
Households
2
Avg Household Size
35
Median Age
20%
College-Educated
78%
High-School Grad
2.7 sq mi
ZIP Area
3,427
Density / Sq Mi
$48,551
Median Household Income
$34,911
Median Earnings
$891
Median Rent
$146,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A separate one-bedroom residence and single-car garage accompany the equipped commercial workspace.
Where is this mixed-use property located?
The property is located at 707 S Arthur Street Amarillo, 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: Five‑bay shop, including one bay identified for paint‑booth use; Shop doors are 8 feet tall and 10 feet wide; Workspace includes a large compressor, shop heater, updated electrical outlets, and newer garage door openers
