Insulated Flex Space with
For Sale
$220,000
919 SW 8TH Avenue, Amarillo, TX 79101
COMMERCIAL - Amarillo, TX
Property Size2,100 SF
Price / SF$104.76
Days on Market140
Property Features for 919 SW 8TH Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
0100 - NW Amarillo in City Limits
Directions
Washington and 8th. West to property on south side.
Subdivision
0100 - Plemons
Standard status
Active
APN
216439
Size
2,100 SF
Taxes and HOA fees
Tax Description
PLEMONS, BLK 0097, W 75FT EACH OF 9 & 10 & S PTN OF 8 PLUS IRREG STRIP IN SECT 187 AB&M ADJ THEREON
Legal Description
PLEMONS, BLK 0097, W 75FT EACH OF 9 & 10 & S PTN OF 8 PLUS IRREG STRIP IN SECT 187 AB&M ADJ THEREON
Utilities
Cooling system
Central Air
Amenities
3 private offices
1 reception area
large shop
full Heat and Air
fully insulated roof
3 phase electrical
Building Details
Year built
1945
Flooring type
Tile
Building materials
Block
Listing Agency:
Pace Realty Group
(806) 672-9579
Listed By:
Jarec Pace · License #0652486
(806) 672-9579
Added: Apr 6
Changed: Aug 4
Last Checked: Aug 23 at 1:06PM
MLS# 26-2080
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.
Investment Insights
Based on property information with market context.
This 2,100-square-foot flex property combines three private offices, a reception area, and a substantial shop within one functional layout. Heating and air conditioning extend throughout the building, while the insulated roof and block construction contribute to the property’s physical configuration. Tile flooring and central air are also present.
A solid metal fence fully encloses the lot at 919 SW 8th Avenue in Amarillo. The building dates to 1945 and includes three-phase electrical service, supporting equipment and tasks that require that utility configuration. The mix of office, reception, and shop areas provides a practical arrangement for businesses needing both administrative space and an on-site work area.
A solid metal fence fully encloses the lot at 919 SW 8th Avenue in Amarillo. The building dates to 1945 and includes three-phase electrical service, supporting equipment and tasks that require that utility configuration. The mix of office, reception, and shop areas provides a practical arrangement for businesses needing both administrative space and an on-site work area.
Key Highlights
- 2,100 SF flex property with three private offices, reception area, and shop
- Solid metal fencing fully encloses the lot
- Heating and air conditioning provided throughout all spaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,451
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$329,020
$329.0K
Cap Rate 7%
$235,014
$235.0K
Cap Rate 9%
$182,789
$182.8K
Market Conditions
NOI Build-Up for 2,100 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$20.2K $9.60/SF
− Vacancy
−$806 −$0.38/SF
EGI
$19.4K $9.22/SF
− OpEx
−$2.9K −$1.38/SF
NOI
$16.5K $7.83/SF
Area
Amarillo, TX
Vacancy
4.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$329,020
Cap Rate 7%
$235,014
Cap Rate 9%
$182,789
Alternative Uses
Best Use
Office B
$344.3K
$301.2K – $401.6K
NOI $24,098 @ 7.0% cap · market cap 10.95%
Second Best
Warehouse
$235.0K
$205.6K – $274.2K
NOI $16,451 @ 7.0% cap · market cap 7.48%
Theoretical Best
Office A
$468.9K
$410.3K – $547.0K
NOI $32,820 @ 7.0% cap · market cap 14.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,645
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79101, TX
2,307
Population
1,309
Households
1.8
Avg Household Size
51
Median Age
15%
College-Educated
81%
High-School Grad
1.6 sq mi
ZIP Area
1,442
Density / Sq Mi
$40,313
Median Household Income
$36,409
Median Earnings
$898
Median Rent
$152,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Office accommodations, a conditioned work area, and solid metal fencing support varied commercial operations.
Where is this flex space located?
The property is located at 919 SW 8TH Avenue Amarillo, TX.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: 2,100 SF flex property with three private offices, reception area, and shop; Solid metal fencing fully encloses the lot; Heating and air conditioning provided throughout all spaces
