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    801 Fillmore St Amarillo, TX 79101

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    For Lease
    Contact for pricing

    Prestigious downtown Amarillo office building

    Lot size:
    29,894 SF

    Property Features for 801 Fillmore St

    General Information

    Property type
    Office Units
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    29,894 SF
    Class
    A

    Building Details

    Stories
    7

    Spaces For Lease

    at 801 Fillmore St, Amarillo, TX 79101 Contact us
    Unit Suite 460

    $16 /Mo

    Size
    1,734 SF
    Contact us
    Unit Suite 610

    $16 /Mo

    Size
    1,951 SF
    Contact us
    Unit Suite 525

    $16 /Mo

    Size
    1,414 SF
    Contact us
    Unit Suite 408

    $16 /Mo

    Size
    576 SF
    Contact us
    Unit Suite 700

    $16 /Mo

    Size
    12,043 SF
    Contact us
    Unit Suite 170

    $16 /Mo

    Size
    6,043 SF
    Contact us
    Unit Suite 650

    $16 /Mo

    Size
    3,489 SF
    Contact us
    Unit Suite 505

    $16 /Mo

    Size
    2,644 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Patrick Davis
    Patrick Davis

    Listing Agency: Pat Davis Properties Listing Agent: Patrick Davis

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

    Learn more

    Property Insight Report

    Overview

    Place One, a seven-story Class A office building, offers 8 available spaces ranging from 576 to 12,043 square feet. Located in downtown Amarillo, Texas, at 801 S. Fillmore (zip code 79101), this property boasts a remodeled lobby and custom-designed interiors. The building features four elevators and ample reserved tenant parking, along with abundant customer parking. Its central location provides convenient access to Interstates 40, 27, and 287. Place One is part of a tunnel system connecting it to Happy State Bank and Wells Fargo Bank, highlighting its prime location within Amarillo's central business district (CBD). The building caters to various office needs, including executive office suites, coworking spaces, creative office layouts, and traditional office setups. Tenancy is multiple, with a maximum contiguous space of 5,063 square feet. First-class building management services are provided, encompassing day porter janitorial service and on-site maintenance. This property is home to some of Amarillo's most prestigious organizations. Potter County location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Firewood Amarillo Texas Big Box & Wholesale Store Community Options of Texas ... Crisis Center Globe Life Liberty ... Insurance Agency Navigation Financial Group ... Financial Advisor Upshaw Insurance Agency Insurance Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Potter
    State
    Texas
    Longitude
    -101.8343827
    Latitude
    35.2049106

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    FAQs

    What type of property is this?
    Office units - Prestigious downtown Amarillo office building
    Where is this office units located?
    The property is located at 801 Fillmore St Amarillo, TX.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: 8 available office spaces, 576-12,043 square feet.; Seven-story Class A office building in downtown Amarillo, TX (79101), at 801 S. Fillmore.; Remodeled lobby and custom-designed interiors.
    (806) 355-7200 Call to check price and availability
    Request Owner's contact information
    801 Fillmore 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
    801 Fillmore 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 Patrick Davis
    Patrick Davis
    Real Estate License ID: 292837
    (806) 355-7200
    Learn more
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