5501 Enterprise CirAmarillo, TX 79106

Property Details for 5501 Enterprise Cir

Year built

1984

Lot size

0.83 AC

Property size (Sq ft)

3,632 SF

Zone code

GR

Property type

Office properties

Property subtype

Office buildings

APN

R-061-1200-8880

APU

R06112008880

Description

This exceptional 3,665-square-foot executive office building, located at 5501 Enterprise Circle in Amarillo, Texas, presents a unique investment opportunity. Built in 1984 and situated on a 36,154-square-foot lot, the property is currently vacant and offers significant potential for redevelopment or immediate occupancy. The building's previous use as a bank drive-up provides a versatile layout adaptable to various business needs. Its single-tenant configuration allows for complete control and customization. The property is zoned PD and enjoys a highly visible location at the intersection of Enterprise Circle and I-40, offering unparalleled accessibility and exposure to a substantial volume of traffic. This I-40 West submarket location in Amarillo, Texas (zip code 79106) provides easy access to the interstate and surrounding amenities, making it an ideal choice for businesses seeking a prominent and convenient location. The property's strategic placement just off the eastbound I-40 Frontage Road ensures high visibility and easy access for clients and employees. This is a rare opportunity to acquire a well-positioned, adaptable commercial property in a thriving Amarillo submarket.

• CAP approach

  CAP return

  Valuation

  6%

  $515,366

  6.5%

  $475,723

  7%

  $441,743

• Comparable approach

  Method

  Valuation

  Relative Method

  $305,563

  Geo Method

  $437,002

• Alternative Use

  Use

  Valuation

  Residential

  $589,896

  Hospitality

  $540,342

  Educational

  $449,558

  Medical

  $465,019

  Retail

  $699,313

Location Insight

City

Amarillo

County

Potter

State

Texas

Latitude

35.1891

Longitude

-101.898

CBSA code

11100

CBSA name

AMARILLO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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