5809 Western St Amarillo, TX 79110
- Office buildings
- 36,170 SF
- 3.36 lot acres
Current Use by Public Records
- North Texas Dental Lab / Dental Laboratory
- Pardons & Paroles Board / State Government Office
- Parole Division / Probation Office
- Institutional Parole Office / Probation Office
- Shelly Groves Coaching / Life Coach
Property Details for 5809 Western St
- Year built
- 1985
- Lot size
- 3.36 lot acres
- Property size
- 36,170 SF
- Zone code
- LC
- Property type
- Office buildings
- APN
- R-073-1920-0210
- APU
- R07319200210
Description
This exceptional Amarillo, Texas office building, located at 5809 S Western St, 79110, near I-27, presents a rare opportunity for businesses seeking executive office space. The property, known as Southtree Office Park, is a Class B, two-story building totaling 36,170 square feet, constructed in 1985, and situated on a 3.36-acre lot. The building features two hydraulic elevators, ensuring convenient access to all floors. Currently, there are three suites available within the multi-tenant building, ranging from a minimum of 628 square feet to a maximum contiguous space of 2,473 square feet. A total of 4,309 square feet is currently vacant, offering flexibility for businesses of various sizes. The property is zoned Light Commercial (LC), allowing for a variety of commercial uses. Its convenient location and accessibility, coupled with the opportunity for prominent signage, make this an ideal location for businesses seeking high visibility and a professional image. The building's features and location provide a compelling opportunity for businesses looking to establish or expand their presence in the Amarillo market. This is a multi-tenant building, offering a collaborative and professional environment. The property's ample lot size provides ample parking and potential for future expansion.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $975,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,220,000
- 6.5%
- $1,210,000
- 7%
- $1,245,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,190,000
- Geo Method
- $1,235,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,635,000
- Retail
- $1,630,000
- Mixed-Use
- $1,205,000
- Hospitality
- $1,360,000
- Educational
- $1,355,000
- Residential Income
- $1,380,000
- Energy
- $1,620,000
- Income-Based Land
- $1,385,000
- Food Service
- $1,420,000
Location Insight
- Map
- Local Demand
- City
- Amarillo
- County
- Randall
- State
- Texas
- Longitude
- -101.882
- Latitude
- 35.1484
- CBSA code
- 11100
- CBSA name
- AMARILLO, TX METROPOLITAN STATISTICAL AREA
