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Property profile & analytics

1515 S Garfield St Amarillo, TX 79102

  • Office buildings
  • 800 SF
  • 0.40 lot acres
For Sale
Last Sale
Feb 27, 2020
Value Estimations
Cap Rate Potential
3%
Office buildings
Location Intelligence
Property ID
US82-3399126
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Office buildings

Property Details for 1515 S Garfield St

Year built
2020
Lot size
0.40 lot acres
Property size
800 SF
Zone code
HC
Property type
Office buildings
APN
R-048-0400-8074
APU
R04804008074

Description

This exceptional 2,640 square foot commercial property, located at 1515 S Garfield Street in Amarillo, Texas, presents a unique investment opportunity. Situated on a sizable 0.4-acre lot, this property enjoys a highly desirable location near Interstate 40 and downtown Amarillo, within the Barrio and designated as an Opportunity Zone (see provided documents for NEZ2 details). The building itself offers a flexible and functional layout, ideal for a variety of commercial uses. The interior features a welcoming entrance area, two private offices perfect for executive staff or specialized departments, a spacious shared workspace suitable for collaborative projects or a larger team, a comfortable break area for employee relaxation, a dedicated meeting room for client presentations or internal discussions, and two convenient bathrooms. An open call area provides ample space for customer interaction or additional workspace. The entire building is climate-controlled, ensuring year-round comfort. The expansive lot offers significant potential for future expansion, whether that involves landscaping improvements, the addition of another structure, or even the construction of a completely separate building. This property's combination of size, location, and adaptability makes it an attractive proposition for entrepreneurs and investors alike, offering both immediate functionality and significant long-term growth potential. Its proximity to downtown Amarillo ensures easy access to the city's amenities and vibrant business community.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $320,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $193,000
    Market price range: $67.0k - $194k

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Amarillo
County
Potter
State
Texas
Longitude
-101.827
Latitude
35.1962
CBSA code
11100
CBSA name
AMARILLO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,426
$8,712
$260,648
$269,360
-
$8,712
$260,648
$269,360
More about this property
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