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    600 Tyler St Amarillo, TX 79101

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    For Lease
    Contact for pricing

    Amarillo, TX CBD Class A Office Suites

    Lot size:
    298,835 SF

    Property Features for 600 Tyler St

    General Information

    Property type
    Office properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    298,835 SF
    Class
    A
    Total Rate
    448252.5

    Building Details

    Year Built/Renovated
    1971/2024
    Buildings
    1
    Stories
    31

    Spaces For Lease

    at 600 Tyler St, Amarillo, TX 79101 Contact us
    Unit Suite 1403

    $18 /Mo

    Size
    1,965 SF
    Contact us
    Unit Suite 1417

    $18 /Mo

    Size
    1,965 SF
    Contact us
    Unit Suite 2600

    $18 /Mo

    Size
    10,500 SF
    Contact us
    Unit 1901

    $18 /Mo

    Size
    865 SF
    Contact us
    Unit Suite 807

    $18 /Mo

    Size
    3,000 SF
    Contact us
    Unit Suite 106

    $32 /Mo

    Size
    165 SF
    Contact us
    Unit Suite 1506

    $18 /Mo

    Size
    860 SF
    Contact us
    Unit Suite 803

    $18 /Mo

    Size
    3,000 SF
    Contact us
    Unit 1802

    $18 /Mo

    Size
    304 SF
    Contact us
    Unit Suite 1508

    $18 /Mo

    Size
    923 SF
    Contact us
    Unit 2901

    $18 /Mo

    Size
    1,969 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Aaron Emerson, Ccim, Sior
    Aaron Emerson, Ccim, Sior

    Listing Agency: Gaut Whittenburg Emerson CRE Listing Agent: Aaron Emerson, Ccim, Sior

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

    Learn more

    Property Insight Report

    Overview

    This iconic 31-story, Class A office tower, located at 600 S Tyler St (6th & Tyler) in Amarillo, TX, 79101, offers 298,835 square feet of premium office space. Built in 1971 and extensively renovated in 2024, the building boasts 10 high-speed passenger elevators servicing multiple tenants. Currently, there are 11 available spaces ranging from 165 to 10,500 square feet, with a total of 18,671 square feet currently vacant. The minimum divisible space is 165 square feet, while the maximum contiguous space available is 1,969 square feet. Situated in the heart of Amarillo's Central Business District (CBD), this property offers unparalleled views and is easily accessible. The building's zoning is CBD - Central Business District. This prime location provides exceptional visibility and access to the city's amenities. The FirstBank Southwest Tower is the tallest building in the area, establishing itself as a landmark and a symbol of Amarillo's thriving business community. This is an exceptional opportunity to secure prestigious office space in a landmark building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farmers Insurance - Kimberly ... Insurance Agency KSA Civil Engineer IT@theCurb Computer & Electronic Repair Davinci Meeting Rooms Marketing & Advertising Stewart Martin Dudley ... Accounting Firm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -101.8388806
    Latitude
    35.2076414

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    FAQs

    What type of property is this?
    Office property - Amarillo, TX CBD Class A Office Suites
    Where is this office property located?
    The property is located at 600 Tyler St Amarillo, TX.
    What is the lease rate?
    The lease rate is $18-$32 SF/Yr.
    What are key features of this property?
    This property features: Covered parking available.; 24/7 security guard on-site.; On-site coffee shop/café.
    (806) 373-3111 Call to check price and availability
    Request Owner's contact information
    600 Tyler St Amarillo, TX 79101
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    Amarillo, TX 79101
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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.

    More about this property
    600 Tyler St Amarillo, TX 79101
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Aaron Emerson, Ccim, Sior
    Aaron Emerson, Ccim, Sior
    (806) 373-3111
    Learn more
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