Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    550 Buchanan St Amarillo, TX 79101

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime location, Class A, former restaurant.

    Lot size:
    3,848 SF

    Property Features for 550 Buchanan St

    General Information

    Property type
    Retail properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,848 SF

    Building Details

    Year Built
    2016

    Spaces For Lease

    at 550 Buchanan St, Amarillo, TX 79101 Contact us
    Unit

    $22 /Mo

    Size
    3,848 SF
    Contact us

    We can help!

    Listing Contact
    Justin Kite
    Justin Kite

    Listing Agency: Coldwell Banker Commercial First Equity Listing Agent: Justin Kite

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 2016-built, Class "A" former restaurant space presents a unique opportunity for a discerning restaurateur. Located in the vibrant heart of downtown Amarillo, this single-tenancy property boasts an enviable position adjacent to the Embassy Suites Convention Hotel, ensuring high foot traffic and visibility. Its strategic location directly across the street from Hodgetown Stadium further enhances its appeal, capitalizing on the significant influx of patrons attending sporting events and other stadium activities. The property's proximity to the Amarillo Civic Center also provides convenient access to a large pool of potential customers attending conventions, concerts, and other events. The space offers significant advantages for a variety of restaurant concepts. Fixtures, furniture, and equipment (FF&E) are negotiable, subject to terms and conditions, providing flexibility for potential buyers to customize the space to their specific needs and vision. This prime location, combined with its modern construction and convenient access to major attractions, makes this property an exceptional investment opportunity in a thriving downtown area. The property is situated in Potter County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Embassy Suites by ... Hotel & Motel Embassy Suites by ... Parking Lot & Garage Cerulean Gallery Art Gallery Towne Park Amarillo Parking Lot & Garage Texas Tech School ... College

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Potter
    State
    Texas
    Longitude
    -101.83196435242
    Latitude
    35.207067376591

    Nearby Similar for Lease

    • $2,700 /Mo

      Remodeled Office Space on I-40

      Remodeled office space with five private offices and storage.
      6601 W Interstate 40, Amarillo, TX 79106
      View Details
    • $1,500 /Mo

      Professional Office Space Available Now

      Versatile office space with private offices, reception, and breakroom.
      2920 Duniven Cir, Amarillo, TX 79109
      View Details
    • $2,750 /Mo

      Retail Space in High-Traffic Area

      Retail space ready for barbershop/hair salon in high-traffic area.
      14915 Soncy Rd, Amarillo, TX 79119
      View Details
    • $800 /Mo

      Office Space in Pin Oak Plaza

      Office space available for rent in Amarillo, Texas.
      3419 S Coulter St, Amarillo, TX 79109
      View Details
    • $2,700 /Mo

      Functional Shop Space in Amarillo

      Versatile shop space with offices and overhead doors for lease.
      9801 S Fm 1541, Amarillo, TX 79118
      View Details
    • $450 /Mo

      Office Space For Rent

      Office space available for lease in Amarillo, Texas.
      8201 SW 34Th Ave, Amarillo, TX 79121
      View Details
    • $850 /Mo

      Office Space in Amarillo, TX

      Office space available for rent in Amarillo, Texas.
      8201 SW 34Th Ave, Amarillo, TX 79121
      View Details
    • $16 SF/Yr

      Versatile Retail Space, Amarillo, TX

      Highly visible retail space on a major street in Amarillo.
      6103 S Coulter St, Amarillo, TX 79119
      View Details
    • $7,775 /Mo

      Stand-Alone Office Building on I-40

      Highly visible office building with frontage on I-40 West.
      5305 I-40, Amarillo, TX 79106
      View Details
    • $1,200 /Mo

      Shop and Office Space

      Commercial space for shop and office use on corner lot.
      2621 W Amarillo Blvd, Amarillo, TX 79106
      View Details
    • $24 SF/Yr

      Class A Office Space Amarillo

      Modern, well-appointed office space in The Colonies, Amarillo.
      5109 Lexington Sq, Amarillo, TX 79119
      View Details
    • $1,595 /Mo

      Office Space For Rent

      Office space available for lease in Amarillo, Texas.
      1022 SW 15Th Ave, Amarillo, TX 79102
      View Details

    FAQs

    What type of property is this?
    Retail property - Prime location, Class A, former restaurant.
    Where is this retail property located?
    The property is located at 550 Buchanan St Amarillo, TX.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Class A former restaurant space available for lease.; Located in downtown Amarillo, Texas.; Adjacent to the Embassy Suites Convention Hotel.
    (806) 354-3500 Call to check price and availability
    Request Owner's contact information
    550 Buchanan St Amarillo, TX 79101
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    550 Buchanan St
    Amarillo, TX 79101
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    550 Buchanan St Amarillo, TX 79101
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Justin Kite
    Justin Kite
    (806) 354-3500 (806) 468-4897
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!