Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5701 Time Sq Amarillo, TX 79119
    Property profile & analytics

    5701 Time Sq Amarillo, TX 79119

    View on Map
    • Office Spaces
    • 134,336 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 5701 Time Sq

    Year built
    2014
    Property size
    134,336 SF
    Property type
    Office Spaces
    Property subtype
    Office buildings

    Description

    This exceptional 134,336-square-foot Class A office building, constructed in 2014, presents a prime opportunity in Amarillo's southwest sector. Located at 5701 Time Square, Amarillo, TX 79119, in Randall County, this multi-tenant property boasts a highly desirable location. Its strategic placement offers easy access to major transportation arteries, including I-40, I-27, and Loop 335, ensuring convenient commutes for employees and clients. The building features ample parking, addressing a key concern for tenants. Further enhancing its appeal, a shared conference room is available on the second floor for tenant use, promoting collaboration and efficiency. Additional storage space is also available at an extra cost, providing flexibility for various business needs. For qualified tenants, a tenant improvement allowance is offered, contingent upon creditworthiness and lease terms. The property is zoned PD and includes elevators. This traditional office building represents a compelling investment opportunity in a thriving Amarillo market. The building's modern design and convenient amenities make it an ideal location for businesses seeking a high-quality, well-situated office space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -101.943
    Latitude
    35.1469

    Comparable in this City

    • Value Estimation by Request
      11,616 SF

      5073 Coulter St

      Coworking space • 11,616 SF
      5073 Coulter St, Amarillo, TX 79119
      View Details
    • Value Estimation by Request
      10,091 SF

      9404 Hillside Rd

      Restaurants • 10,091 SF
      9404 Hillside Rd, Amarillo, TX 79119
      View Details
    • Value Estimation by Request
      1,556 SF

      7489 Pennsylvania Dr

      Medical Office Space • 1,556 SF
      7489 Pennsylvania Dr, Amarillo, TX 79119
      View Details
    • Value Estimation
      $1,075,000
      10,091 SF

      Hillside Rd

      OFFICE BUILDING • 10,091 SF
      Hillside Rd, Amarillo, TX 79119
      View Details
    • Value Estimation by Request
      2,312 SF

      11817 Interstate 27

      OFFICE BUILDING • 2,312 SF
      11817 Interstate 27, Amarillo, TX 79119-3817
      View Details
    • Value Estimation by Request
      2,040 SF

      12760 Interstate 27

      OFFICE BUILDING • 2,040 SF
      12760 Interstate 27, Amarillo, TX 79119-3848
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,000 SF

      Modern Office Building in Amarillo

      4,000 SF office with customizable space in growing area.
      4908 Lexington Sq, Amarillo, TX 79119
      View Details
    • $995,000
      2,968 SF

      Modern Office Building in Amarillo

      2,968 SF office building built in 2019, zoned for office.
      7629 Hillside Rd, Amarillo, TX 79119
      View Details
    • Contact for pricing

      Prime Commercial Lots For Sale

      Commercial lots in high-growth area near I-27, ideal for businesses.
      8501 Fm 2219, Amarillo, TX 79119
      View Details
    • $2,500,000
      10,402 SF

      Commercial Property in Southwest Amarillo

      Two-building commercial property with eight units in growing Amarillo area.
      6103 S Coulter St, Amarillo, TX 79119
      View Details
    • Contact for pricing
      1.10 Acres

      Amarillo Commercial Land - Loop 335

      Prime Amarillo land, multiple lots available.
      NEC New Loop 335/Helium Rd & Hollywood Rd, Amarillo, TX 79119
      View Details
    • Contact for pricing
      0.84 Acres

      Amarillo Commercial Land - Prime Location

      High-visibility lot, ready for development.
      0 Of Hillside, Amarillo, TX 79119
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr

      Office Space Near Medical Center

      Office space with easy access and ample free parking.
      3501 S Soncy Rd, Amarillo, TX 79119
      View Details
    • Contact for pricing
      2,223 SF

      Modern Office Space in Amarillo

      Prime Amarillo address with modern office spaces and ample parking.
      7759 Hillside Rd, Amarillo, TX 79119
      View Details
    • $26 SF/Yr
      1,440 SF

      New Retail or Office Space

      New construction retail or office space in southwest Amarillo.
      9402 Hillside Rd, Amarillo, TX 79119
      View Details
    • $24 SF/Yr
      1,556 SF

      New Construction Retail/Office Space

      New construction office or retail space for lease.
      Pennsylvania Dr, Amarillo, TX 79119
      View Details
    • $24 SF/Yr
      3,696 SF

      Class A Office Space Available

      Class A office space for rent in SW Amarillo.
      5701 Time Sq, Amarillo, TX 79119
      View Details
    • Contact for pricing

      Class A Office Space Amarillo

      Southwest Amarillo Class A office space available for lease.
      5701 Time Sq, Amarillo, TX 79119
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5701 Time Sq
    Amarillo, TX 79119
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5701 Time Sq, Amarillo, TX, 79119
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!