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Property profile

4018 50th Ave Amarillo, TX 79109

OFF-MARKET
Office buildings
Property ID
US82-4174052
4,128 SF 0.44 ac lot Built 1977
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Class A executive office building, located at 4018 SW 50th Ave in Amarillo, Texas, presents a unique investment opportunity. Boasting 4,128 square feet, this property is ideally situated on the west side of I-27, between Hillside Street and 45th Street in South Amarillo, offering excellent visibility and accessibility. Built in 1977, the building features 14+ individual offices, a spacious reception area, a convenient kitchen, and two restrooms. Ample storage space is available throughout the building. A key highlight is the executive office suite, complete with its own private restroom and shower. For added security and functionality, a temperature-controlled server room is also included. The property sits on a lot with 96 feet of frontage on 50th Avenue, providing ample parking for employees and clients. The permitted zoning is LC - Light Commercial. This gross lease property is offered at $339,000 and represents a strong investment in a desirable Amarillo location. The building's features and prime location make it suitable for a variety of professional uses.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1977
Total area 4,128 SF
Lot 0.44 ac (19,341 SF)
Zoning code LC
APN R-086-3450-0190
UPID US82-4174052

Cap rate & NOI

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

Location

4018 50th Ave Amarillo, TX 79109-6126
Amarillo metro Census 21102 AMARILLO, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$335k
CAP Approach CAP
by Request
Comparable Approach Comparable
$503k
Blend (final) Blend
$335k

Owner & transaction history

since 2024
5 recorded transactions
2024
Price N/A
2018
Price N/A
2005
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

LC · 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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