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Property profile & analytics
OFF-MARKET
Warehouses

1515 3Rd Ave Amarillo, TX 79107

9,708 SF 3.02 ac lot
Property ID
Property summary
AI-generated overview

This exceptional industrial property, located at 1515 NE 3rd Ave in Amarillo, Texas, presents a compelling investment opportunity. The warehouse boasts a total area of 9,708 square feet, encompassing 8,236 square feet of warehouse space and 1,472 square feet of office space. The property sits on a generous 3.02-acre lot, providing ample outdoor storage space within a fully fenced yard. The warehouse features eight dock-high doors, enhancing operational efficiency. Two of these doors are conveniently covered, offering protection from the elements during loading and unloading. All dock doors are equipped with levelers. Detailed door dimensions are available upon request. The property is currently vacant and zoned Industrial 1, making it suitable for a variety of industrial uses. The asking price is $375,000, translating to $38.63 per square foot. This represents a significant opportunity to acquire a well-located, functional warehouse in a thriving Texas market. The property's size, features, and location make it an ideal choice for businesses seeking efficient and secure warehouse space in Amarillo.

Property profile
Verified
Property type Warehouses
Total area 9,708 SF
Lot 3.02 ac (131,551 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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