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    Office-Shop Flex Facility with Yard Title is generated by Realmo AI

    8800 Lone Star Road, Amarillo, TX 79119

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    New
    For Lease
    $6,250/Mo $14 SF/Yr (calc)

    Secure fenced yard and functional office-shop layout support light industrial, service, and trade operations.

    Type:Office
    Property size:
    5,300 SF
    Lot size:
    3.00 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 3 at 2:58 am

    Property Features for 8800 Lone Star Road

    General Information

    Standard status
    Active
    Size
    5,300 SF
    Lot size
    3.00 Acres
    Property subtype
    Office

    Spaces For Lease

    at 8800 Lone Star Road Contact us

    We can help!

    Listing Contact
    Bo Wulfman, CCIM
    Bo Wulfman, CCIM

    Listing agent Bo Wulfman, CCIM License #TX #375664

    Listing office Gaut Whittenburg Emerson CRE

    Listing date Jun 2, 2026

    Source Gwamarillo

    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

    HighLights

    • 1,800 SF office plus 3,500 SF shop space designed for a range of business operations
    • Office features three private offices, bullpen workspace, two restrooms, emergency shelter, and secure keypad entry
    • Shop includes two 14‑ft overhead doors, two gas heaters, and a shop sink
    • Fully pipe‑fenced 3‑acre yard with two gated entrances for secure outdoor storage and circulation
    • Lease listed at $6,250 per month NNN with NNN expenses estimated at $2.50 PSF

    Overview

    This versatile flex property combines office and shop space for business users who need both administration and hands-on work. The office portion includes three private offices, a bullpen workspace, two restrooms, an emergency shelter, and secure keypad entry. The shop area is built for practical operations, featuring two 14-foot overhead doors, two gas heaters, and a shop sink.

    A fully pipe-fenced three-acre yard surrounds the improvements and is designed for outdoor storage and efficient day-to-day movement. Two gated entrances provide controlled access, supporting teams that require secure staging and circulation. The property is offered at 8800 Lone Star Road, Amarillo, TX 79119.

    This configuration is a strong fit for contractors, service providers, and other light industrial users who want dedicated office space plus a functional shop with loading capability. The secure entry and fully fenced yard add an extra layer of control for inventory and equipment. Offered for rent for $6,250 per month NNN, with NNN expenses estimated at $2.50 PSF, it provides a flexible setup for growing operations.
    Location Intelligence

    Current Use by Public Records

    DBE Complete Water ... Construction Company

    Suggested Use

    Building Supply Big Box & Wholesale Store Auto Repair Shop Kitchen & Bath Showroom HVAC Service Electrical Service Electronics & Wireless Store Computer & Electronic Repair Veterinary Clinic Carpet & Flooring Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -101.938104
    Latitude
    35.0846123

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    FAQs

    What type of property is this?
    Flex space - Secure fenced yard and functional office-shop layout support light industrial, service, and trade operations.
    Where is this flex space located?
    The property is located at 8800 Lone Star Road Amarillo, TX.
    What is the lease rate?
    The lease rate is $6,250 /Mo.
    What are key features of this property?
    This property features: 1,800 SF office plus 3,500 SF shop space designed for a range of business operations; Office features three private offices, bullpen workspace, two restrooms, emergency shelter, and secure keypad entry; Shop includes two 14‑ft overhead doors, two gas heaters, and a shop sink
    (806) 373-3111
    We can help!
    Listing Contact
    Bo Wulfman, CCIM
    Bo Wulfman, CCIM
    Real Estate License ID: TX #375664
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    8800 Lone Star Road, Amarillo, TX 79119
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