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    905 Polk St Amarillo, TX 79101

    For Lease
    $12 SF/Yr

    Stunning renovated office building, 22,784 sq ft.

    Lot size:
    22,784 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional three-story executive office building, located at 905 S Polk St in Amarillo, Texas, 79101, presents a unique investment opportunity. Boasting a total of 22,784 square feet, the entire space is currently vacant, offering unparalleled flexibility for a single tenant. Originally constructed in 1922 and extensively renovated in 2020, the building seamlessly blends historic charm with modern amenities. The property's prime location in Amarillo's central business district (CB zoning) ensures high visibility and accessibility. The modern exterior and interior finishes are ready for immediate occupancy, whether the need is for a single large tenant or the creation of individual office spaces tailored to specific requirements. The building's 22,784 square feet are spread across three stories, providing ample space for a variety of business configurations. This is a rare chance to acquire a fully renovated, move-in ready office building in a vibrant downtown location. The property is zoned CB - Central Business, reflecting its ideal position within the heart of Amarillo's commercial core. This presents a significant opportunity for businesses seeking a prestigious and functional workspace in a thriving Texas city.

    Property Features for 905 Polk St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    22,784 SF
    Total Rate
    22784

    Building Details

    Year Built/Renovated
    1922/2020
    Stories
    3

    Unit(s) available at that property

    Space
    Available Space
    Size
    22,784 SF
    Rate per SF
    $12

    HighLights

    • 22,784 SF three‑story office building in Amarillo, TX's central business district (CB zoning).
    • Fully vacant, offering flexibility for a single large tenant or multiple smaller tenants.
    • Completely renovated in 2020, blending historic charm with modern amenities.
    • Move‑in ready with updated interior and exterior finishes.
    • Features private rear parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CLI Capital Loan Agency

    Suggested Use

    Restaurant Realty agency Dental Office Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Law Firm Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -101.8372686
    Latitude
    35.2041755

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    FAQs

    What type of property is this?
    Office Property Space - Stunning renovated office building, 22,784 sq ft.
    Where is this office property space located?
    The property is located at 905 Polk St Amarillo, TX.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 22,784 SF three-story office building in Amarillo, TX's central business district (CB zoning).; Fully vacant, offering flexibility for a single large tenant or multiple smaller tenants.; Completely renovated in 2020, blending historic charm with modern amenities.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    905 Polk St Amarillo, TX 79101
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