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Property profile & analytics
OFF-MARKET
Office buildings

216 Lipscomb St Amarillo, TX 79106-8413

4,534 SF 0.13 ac lot Built 1954
Individually Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-2161479
Property summary
AI-generated overview

This exceptional 5,682 square foot flex space in Amarillo, Texas, presents a unique owner-user investment opportunity. Located at 216 S Lipscomb St, 79106, in Potter County, this Class C property boasts a desirable I-1 zoning, allowing for diverse uses including light manufacturing, fabrication, plumbing shops, or contractor storage/equipment yards. Originally built in 1954 and extensively renovated in 2022, the building features a fresh coat of paint, new flooring, and a significantly upgraded HVAC system (10 tons of new capacity). Two ADA-compliant restrooms enhance accessibility. The property sits on an 8,712 square foot lot and includes a gated parking lot and storage yard, recently seal-coated and striped for improved functionality and aesthetics. The asking price is $319,000, offering a compelling value proposition for a versatile and well-maintained industrial/office space. The fee simple ownership provides complete control and long-term investment potential. The property's APN is 214655.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1954
Total area 4,534 SF
Lot 0.13 ac (5,663 SF)
Zoning code I1
APN R-056-0100-1347
UPID US82-2161479
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Moses Environmental & Const Svcs Ll · 1 yrs held
Moses Environmental & Const Svcs Ll
since 2025
7 recorded transactions
2025
Price N/A
2022
Price N/A
2019
Price N/A
2017
$65,000
2016
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
I1 · Amarillo, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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