Technical
Financial
Distress signals
Property profile

1502 S Lipscomb St Amarillo, TX 79102

FOR SALE
Office buildings
Property ID
US82-3866505
3,916 SF 0.16 ac lot Built 1941
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

A freestanding commercial building in Amarillo, Texas containing a combination of office and warehouse/shop space. The total building area is 3,916 square feet on a 0.16-acre lot. The office portion has a reception area, four offices, a conference area, kitchenette, break area, storage, and two restrooms. The shop/warehouse area includes an overhead door, a storage room, and a heater. The rear of the property includes a metal-fenced area enclosing parking and storage. The roof, heating, and air conditioning systems were replaced in 2024. The building is situated just north of I-40 with proximity to downtown supply shops. Zoning or code details are not specified, but the property is configured to support uses such as contractor trade office and storage, light manufacturing, warehouse use, and wholesale or retail sales.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1941
Total area 3,916 SF
Lot 0.16 ac (6,970 SF)
Zoning code GR
APN R-005-9200-0100
UPID US82-3866505

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • General Contractor Construction Company
  • HVAC Service General Contractor
  • Construction Company General Contractor

Location

1502 S Lipscomb St Amarillo, TX 79102
Amarillo metro Census 11500 AMARILLO, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$350k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$340k

Owner & transaction history

since 2024
4 recorded transactions
2024
Price N/A
2019
Price N/A
2011
Price N/A
1969
Price N/A

Zoning & alternative use

GR · Amarillo, TX
Zoning description

remelting purposes, which is located in the A, GR, LC, CB, HC, I-1 and PD Zoning Districts. It also does not include the incidental outdoor display of commodities for retail sale where the use is permitted by section 4-1…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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