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    905 Fillmore St Amarillo, TX 79101-3521
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    Property profile & analytics

    905 Fillmore St Amarillo, TX 79101-3521

    View on Map
    • Parking lots & garages
    • 104,405 SF
    • 0.58 lot acres
    Off-Market
    Property ID
    US83-3802152
    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.
    Value Estimations
    $700,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Texas Preferred Insurance / Insurance Agency
    • Jamie S Vandivere Attorney-Law / Law Firm
    • Joe Marr Wilson Law Office / Law Firm
    • Brown & Fortunato / Law Firm
    • Wells Fargo Advisors Financial Network / Financial Advisor

    Property Details for 905 Fillmore St

    Year built
    1982
    Lot size
    0.58 lot acres
    Property size
    104,405 SF
    Zone code
    CB
    Property type
    Parking lots & garages
    APN
    R-065-1000-1770
    APU
    R06510001770

    Description

    The Golden Spread Center, a prestigious Class A office building located at 905 S Fillmore St, Amarillo, TX 79101 (9th & Fillmore), offers exceptional executive office space in the heart of the Central Business District (CBD). This seven-story building, totaling 122,896 square feet, underwent a complete renovation in 2022, boasting brand new HVAC and EMS systems, a new cooling tower, and an updated smoke detection system. Common areas and restrooms have also been modernized. Units range from a minimum of 834 square feet to a maximum contiguous space of 5,448 square feet, with 14,848 square feet currently vacant. The building features elevators and is conveniently located within walking distance of a convenience store and Hodgetown. Originally constructed in 1982, this property benefits from on-site ownership and third-party management. The building is zoned for CBD use within Potter County. This is a rare opportunity to secure prime office space in a revitalized, centrally located building. Contact us today to learn more about available spaces and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $810,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $590,000
      Market price range: $591k - $2.61M

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

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Potter
    State
    Texas
    Longitude
    -101.835
    Latitude
    35.2036
    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
    $107,099
    $585,600
    $1,963,400
    $2,549,000
    -
    $585,600
    $1,963,400
    $2,549,000

    Comparable in this City

    • Value Estimation
      $730,000
      107,307 SF

      800 Fillmore St

      PARKING GARAGE, PARKING STRUCTURE • 107,307 SF
      800 Fillmore St, Amarillo, TX 79101
      View Details
    • Value Estimation
      $545,000
      34,998 SF

      112 4th Ave

      PARKING GARAGE, PARKING STRUCTURE • 34,998 SF
      112 4th Ave, Amarillo, TX 79101
      View Details
    • Value Estimation by Request
      13,441 SF

      200 3rd Ave

      PARKING GARAGE, PARKING STRUCTURE • 13,441 SF
      200 3rd Ave, Amarillo, TX 79101-1514
      View Details
    • Value Estimation by Request
      4,992 SF

      113 8th Ave

      PARKING GARAGE, PARKING STRUCTURE • 4,992 SF
      113 8th Ave, Amarillo, TX 79101-2305
      View Details
    • Value Estimation
      $970,000
      151,200 SF

      500 Taylor St

      PARKING GARAGE, PARKING STRUCTURE • 151,200 SF
      500 Taylor St, Amarillo, TX 79101-2458
      View Details
    • Value Estimation
      $1,185,000
      251,206 SF

      600 Buchanan St

      PARKING GARAGE, PARKING STRUCTURE • 251,206 SF
      600 Buchanan St, Amarillo, TX 79101-2520
      View Details

    Similar Nearby for Sale

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      Amarillo Convenience Store For Sale

      Turn-key, cash-flowing convenience store in high-traffic Amarillo location.
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      Downtown Amarillo Development Opportunity

      Prime location with incentives for mixed-use, multi-family, or retail.
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    • $35,000
      0.19 Acres

      Amarillo Land Ready For Development

      Vacant lot in Amarillo, TX, ideal for business or residential.
      410 SW 3Rd Ave, Amarillo, TX 79101
      View Details
    • Contact for pricing
      0.10 Acres

      Residential Lots in North Heights

      Unrestricted city lots suitable for various residential developments.
      1409 N Madison St, Amarillo, TX 79101
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    Similar Nearby for Lease

    • Contact for pricing

      Former Restaurant Space in Amarillo

      Class A restaurant space in downtown Amarillo, near stadium.
      550 S Buchanan St, Amarillo, TX 79101
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      2,650 SF

      Freestanding Restaurant with Drive-Thru

      2650 SF restaurant with drive-thru on 0.96 AC pad.
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      View Details
    • Contact for pricing

      Retail Space Near Hodgetown Stadium

      Retail space adjacent to parking, hotel, civic center, stadium.
      790 Buchanan St, Amarillo, TX 79101
      View Details
    • Contact for pricing

      Renovated Class A Office Space

      Class A office space in downtown Amarillo, completely renovated.
      905 S Fillmore St, Amarillo, TX 79101
      View Details
    • Contact for pricing

      Downtown Amarillo Renovated Office Building

      Newly renovated office building in the heart of downtown Amarillo.
      905 S Polk St, Amarillo, TX 79101
      View Details
    • $19 SF/Yr
      13,002 SF

      Class A office space in downtown Amarillo (6 Suits available) - $19 to $800/SF/YR

      Class A office space in downtown Amarillo (6 Suits available) - $19 to $800/SF/YR
      701 S Taylor, Amarillo, TX 79101
      View Details
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    Amarillo, TX 79101-3521
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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