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    4516 Georgia St Amarillo, TX 79110

    Sponsored
    For Lease
    $14 SF/Yr

    800 sq ft, Retail/Office, 3 Suites Available

    Lot size:
    800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    408
    This exceptional Amarillo commercial property offers three 800-square-foot suites, ideal for a variety of uses. The flexible space is suitable for both traditional office and creative office setups, making it a versatile option for businesses seeking a well-located and functional space. Each suite is individually priced and features convenient access. The property is situated at 4516 S Georgia St, Amarillo, TX 79110, offering a prime location within the city. A key advantage is the unique combination of storefront retail space and an attached garage or mini-warehouse, providing ample storage solutions. This setup is perfect for businesses requiring both a visible retail presence and substantial storage capacity. The property's design allows for customization to meet specific business needs. The three available suites present an excellent opportunity for businesses of various sizes to establish a strong presence in Amarillo. This is a single-tenant property, ensuring privacy and control. Contact us today to learn more about this exciting opportunity.

    Property Features for 4516 Georgia St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    800 SF

    Unit(s) available at that property

    Space
    Size
    800 SF
    Rate per SF
    $14

    We can help!

    Listing Contact
    Jalynn Rasmussen

    Learn more

    HighLights

    • Three 800 sq ft suites available, ideal for office or creative office use.
    • Located at 4516 S Georgia St, Amarillo, TX 79110, in a high‑traffic area.
    • Each suite is individually priced and offers convenient access.
    • Features storefront retail space with attached garage/mini‑warehouse for ample storage.
    • Customizable space to meet specific business needs.
    • Excellent parking available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lone Star Graphics ... Car Detailing Service Brandon Starnes Construction ... Bathroom Remodeler Texas Auto Needs Window Tinting Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -101.86641625295
    Latitude
    35.162767135937

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    FAQs

    What type of property is this?
    Office space - 800 sq ft, Retail/Office, 3 Suites Available
    Where is this office space located?
    The property is located at 4516 Georgia St Amarillo, TX.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Three 800 sq ft suites available, ideal for office or creative office use.; Located at 4516 S Georgia St, Amarillo, TX 79110, in a high-traffic area.; Each suite is individually priced and offers convenient access.
    Request Owner's contact information
    4516 Georgia St Amarillo, TX 79110
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    Amarillo, TX 79110
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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
    4516 Georgia St Amarillo, TX 79110
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    We can help!
    Listing Contact
    Jalynn Rasmussen
    Learn more
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