4018 50Th AveAmarillo, TX 79109

Property Details for 4018 50Th Ave

Year built

1977

Lot size

0.44 AC

Property size (Sq ft)

4,128 SF

Zone code

LC

Property type

Office buildings

APN

R-086-3450-0190

APU

R08634500190

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $694,082

  6.5%

  $640,691

  7%

  $594,928

• Comparable approach

  Method

  Valuation

  Relative Method

  $368,285

  Geo Method

  $496,681

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,215,000

  Retail / Commercial

  $632,124

  Mixed-Use / Specialty

  $637,025

  Hospitality / Lodging

  $476,679

  Institutional / Educational

  $664,806

  Residential Income

  $777,822

  Multifamily

  $893,219

  Automotive / Energy

  $569,833

  Parking / Income-Based Land

  $189,575

  Restaurant / Food Service

  $346,589

  Healthcare / Senior Housing

  $645,921

Location Insight

City

Amarillo

County

Randall

State

Texas

Latitude

35.1557

Longitude

-101.882

CBSA code

11100

CBSA name

AMARILLO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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