3505 Olsen Blvd Amarillo, TX 79109
- Office buildings
- 42,144 SF
- 2.59 lot acres
Current Use by Public Records
- Brown Consulting Engineers / Hvac Contractor / Electrical Engineer
- April Phifer - Mortgage Loan Officer- Verity Mortgage / Mortgage Lender
- Hi-Plains Systems Inc / Software Company
- Creative Cad Design Inc / Drafting Service
- Christin N. Hall, MA / Counselor
Property Details for 3505 Olsen Blvd
- Year built
- 1973
- Lot size
- 2.59 lot acres
- Property size
- 42,144 SF
- Zone code
- GR
- Property type
- Office buildings
- APN
- R-044-4800-2455
- APU
- R04448002455
Description
This exceptional Amarillo, Texas office complex, the Olsen Park Office Complex, presents a unique investment opportunity. Located at 3505 Olsen Blvd, 79109, this locally owned building boasts 45,909 square feet of total space, with 4 currently available units ranging from a minimum of 364 square feet to a maximum contiguous space of 1,632 square feet. A total of 4,071 square feet is currently vacant and ready for immediate occupancy. The property sits on a generous 3.3-acre lot and is zoned for General Retail, offering flexibility for a variety of businesses. The building features a naturally lit atrium, creating a bright and inviting atmosphere for tenants and clients. Its strategic location offers easy access to major thoroughfares including I-40, Western Street, and Paramount Boulevard, placing it within a high-traffic retail and office corridor. The surrounding area is vibrant, with nearby businesses including Planet Fitness, La Bella Pizza, Super A Appliance, Prime Medical Testing, Brent's Cafe, Boxwell Brothers Funeral Directors, and Hummer's Sports Cafe, ensuring high visibility and convenient amenities for tenants. This property is ideal for businesses seeking a well-located, attractive, and readily available office space in a thriving Amarillo neighborhood. The minimum divisible space is 364 square feet, making it suitable for a range of business sizes.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $985,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,115,000
- 6.5%
- $1,110,000
- 7%
- $1,080,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,210,000
- Geo Method
- $1,335,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,150,000
- Retail
- $995,000
- Mixed-Use
- $1,245,000
- Hospitality
- $1,120,000
- Educational
- $1,090,000
- Residential Income
- $1,110,000
- Energy
- $1,315,000
- Income-Based Land
- $980,000
- Food Service
- $1,240,000
Location Insight
- Map
- Local Demand
- City
- Amarillo
- County
- Potter
- State
- Texas
- Longitude
- -101.878
- Latitude
- 35.1841
- CBSA code
- 11100
- CBSA name
- AMARILLO, TX METROPOLITAN STATISTICAL AREA
