Flex Space with Fenced
919 Sw 8th Avenue Amarillo, TX 79101
New
For Sale
$220,000
Flex property includes a large fully fenced lot, three private offices, and a sizeable heated and cooled shop.
Property Size2,100 SF
Price / SF$104.76
Days on Market2
Property Features for 919 Sw 8th Avenue
General Information
- Standard status
- Active
- Size
- 2,100 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1945
Listing Agency:
Pace Realty Group
(806) 672-9579
Listed By:
Jarec Pace · License #0652486
Source:
Shopamarillohomes
Added: Jul 23
Changed: Jul 24
Last Checked: Jul 24 at 5:34AM
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 Pace Realty Group
Investment Insights
Based on property information with market context.
This flex space is set up for both office and shop use, featuring three private offices and a reception area. The property also includes a large shop area with full heat and air in all spaces, along with a fully insulated roof designed to help manage operating costs. Electrical service is described as three-phase to support a range of operational needs.
The offering includes a large lot that is fully fenced with solid metal fencing, providing defined outdoor space for activities that require separation and control.
Overall, the layout combines dedicated office rooms with a substantial, climate-controlled shop component within a secured fenced yard.
The offering includes a large lot that is fully fenced with solid metal fencing, providing defined outdoor space for activities that require separation and control.
Overall, the layout combines dedicated office rooms with a substantial, climate-controlled shop component within a secured fenced yard.
Key Highlights
- Flex property built in 1945 with a large, fully fenced lot
- Includes 3 private offices plus a reception area
- Large shop with heat and air in all spaces
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.2k | $9.60 |
| − Vacancy | −$806 | −$0.38 |
| EGI | $19.4k | $9.22 |
| − OpEx | −$2.9k | −$1.38 |
| NOI | $16.5k | $7.83 |
2,100 SF · lease $9.60/SF/yr · vacancy 4.00% · expense 15.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Flex property includes a large fully fenced lot, three private offices, and a sizeable heated and cooled shop.
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: Flex property built in 1945 with a large, fully fenced lot; Includes 3 private offices plus a reception area; Large shop with heat and air in all spaces
