Freestanding Office
8201 SW 34TH Avenue, Amarillo, TX 79121
For Sale
New
$1,425,000
Commercial Sale, Amarillo, TX
Property Size5,463 SF
Lot Size0.48 Acres
Price / SF$260.85
Days on Market2
Property Features for 8201 SW 34TH Avenue
General Information
Property type
Property subtype
Zoning description
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Property Use
Condition
Taxes and HOA fees
Tax Description
Legal Description
Amenities
beverage bar
conference room
kitchen
break room
training room
kitchenette
Building Details
Year built
Buildings
Listing Agency:
Heartland Realty
Listed By:
Carrie Ives · License TX #0621624
(806) 282-4440
Added: Nov 9
Last Checked: Nov 10 at 8:06PM
MLS# 26-8809
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.
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Investment Insights
Based on property information with market context.
This freestanding office property contains 5,463 square feet on a 0.48-acre site, with an adjacent lot included. The main floor is divided into northwest and southeast wings. One wing has six offices, a conference room, and an established tenant; the other offers five offices, a conference room, an open workstation area, and multiple short-term tenants. A lobby with a beverage bar, two additional bathrooms, a kitchen, and a break room are also on the main level. Upstairs are a training room, office, kitchenette, and bathroom.
The building was constructed in 1989. Improvements completed in 2022 included the roof, HVAC, hot water heater, front parking lot, flooring, and paint.
The building was constructed in 1989. Improvements completed in 2022 included the roof, HVAC, hot water heater, front parking lot, flooring, and paint.
Key Highlights
- 5,463‑square‑foot office building on 0.48 acres
- Adjacent lot included
- Six offices and a conference room in the northwest wing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,688
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,253,760
$1.3M
Cap Rate 7%
$895,543
$895.5K
Cap Rate 9%
$696,533
$696.5K
Market Conditions
NOI Build-Up for 5,463 SF
Gross rent
$98.3K $18.00/SF
− Vacancy
−$14.8K −$2.70/SF
EGI
$83.6K $15.30/SF
− OpEx
−$20.9K −$3.82/SF
NOI
$62.7K $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%
$1,253,760
Cap Rate 7%
$895,543
Cap Rate 9%
$696,533
Alternative Uses
Best Use
Office B
$895.5K
$783.6K – $1.04M
NOI $62,688 @ 7.0% cap · market cap 4.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,380 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
853
Businesses Nearby
Explore this area
Business Placement
Demographics for 79121, TX
6,601
Population
2,953
Households
2.2
Avg Household Size
46
Median Age
47%
College-Educated
98%
High-School Grad
1.8 sq mi
ZIP Area
3,667
Density / Sq Mi
$66,438
Median Household Income
$37,578
Median Earnings
$976
Median Rent
$254,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Amarillo, TX
Properties on Market for Office buildings in Amarillo
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Multiple office suites, shared work areas, and conference rooms are arranged across two floors.
Where is this office building located?
The property is located at 8201 SW 34TH Avenue Amarillo, TX.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: 5,463‑square‑foot office building on 0.48 acres; Adjacent lot included; Six offices and a conference room in the northwest wing
