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Property summary
This exceptional Amarillo, Texas industrial property presents a compelling net lease investment opportunity. The 17,788-square-foot warehouse, built in 1970, sits on a substantial 7.06-acre lot and boasts a 100% occupancy rate, generating a strong net operating income (NOI) of $53,322 annually, representing a 4.10% capitalization rate. The asking price is $1,300,000, translating to $73.08 per square foot. The single-story building features 18-foot side walls, nine 22x16 overhead doors, and a bridge crane, making it ideal for various industrial uses. Additional features include multiple shop heaters and partitioned side shops. The property also includes a large fenced yard, an RV garage, and a shop restroom. The 2,400-square-foot office space offers multiple offices, two foyers, and two restrooms. The property is equipped with its own well and septic system. Annual rent increases are in place, ensuring consistent income growth. This Class B warehouse is situated at 2438 S Pullman Rd, Amarillo, TX 79118, in Potter County. The property is offered as a single-tenant, NNN lease. This is a rare opportunity to acquire a well-maintained, high-performing industrial asset in a desirable location.
Property profile
VerifiedCap rate & NOI
Current use
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Auto Repair Shop
Location
Value estimations
Owner & transaction history
Zoning & alternative use
(a)(1) through (7), the property shall be considered to be classified as A Agricultural District, in the same manner as provided for newly annexed territory, and the issuance of a Building Permit shall be in accordance w…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
A · Amarillo, TX(a)(1) through (7), the property shall be considered to be classified as A Agricultural District, in the same manner as provided for newly annexed territory, and the issuance of a Building Permit shall be in accordance w…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
(a)(1) through (7), the property shall be considered to be classified as A Agricultural District, in the same manner as provided for newly annexed territory, and the issuance of a Building Permit shall be in accordance w…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for A in Amarillo, TX.
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