Property profile

1916 S Carolina St Amarillo, TX 79102

FOR LEASE
Office buildings
Property ID
US82-4948341
8,640 SF 0.72 ac lot Built 2019
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional Class A office property, located at 1916 S Carolina St, Amarillo, TX 79102, offers 8,528 square feet of versatile space in a single-tenant building. Constructed in 2019, the building boasts a modern design and is situated on a 0.71-acre lot, providing ample parking with 48 spaces available. Currently, 2,605 square feet is available for lease. The property is zoned O2 and caters to various office needs, including traditional, executive, medical, and creative office spaces. The building features one story and benefits from high visibility due to its location in central Amarillo with I-40 visibility. A significant advantage for prospective tenants is a $25 per square foot tenant finish allowance provided by the landlord, allowing for customization of the space to meet specific business requirements. Tenants can choose their preferred floor plan and complete the tenant finish to their specifications. Existing tenants include Re-form Physical Therapy. This property presents a unique opportunity for businesses seeking a modern, well-located, and adaptable office space in Amarillo.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2019
Total area 8,640 SF
Lot 0.72 ac (31,363 SF)
APN R-086-3800-3900
UPID US82-4948341

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
  • Physician
  • Physician
  • Medical Clinic

Location

1916 S Carolina St Amarillo, TX 79102
Amarillo metro Census 11600 AMARILLO, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.63M
Comparable Approach Comparable
$1.37M
Blend (final) Blend
$420k

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Commercial (general) $1.4M +9.3%

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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