511 Fillmore StAmarillo, TX 79107

  • Office properties
  • 2,240 SF
For Sale
$239,000 View listing

Property Details for 511 Fillmore St

Year built
2006
Lot size
0.19 AC
Property size (Sq ft)
2,240 SF
Zone code
I1
Property type
Office properties
Property subtype
Office buildings
APN
R-031-0500-8900
APU
R03105008900

Description

This exceptional industrial property, located at 511 N Fillmore St in Amarillo, Texas, presents a fantastic opportunity for businesses seeking a versatile and well-equipped warehouse space. The single-tenant building offers a total of 3,440 square feet, all currently vacant, situated on a generous 8,276 square foot lot. Constructed in 2006, this two-story structure is zoned I1 - Light Industrial within Potter County. The warehouse itself features a sizable shop area, a restroom, and is enhanced with energy-efficient spray foam insulation. Access is convenient via a 16-foot overhead door. Additional features include covered parking, providing protection for vehicles and equipment, and a secure perimeter defined by a solid fence with two gates for controlled access. The upper level boasts a spacious two-story office area, complete with two restrooms and two private offices, ideal for administrative functions or executive suites. This property offers a blend of functional warehouse space and comfortable office accommodations, making it an ideal location for a variety of industrial and distribution businesses. The property's location in Amarillo, Texas, offers easy access to major transportation routes and a thriving local economy. This is a rare opportunity to acquire a well-maintained, ready-to-occupy industrial property in a desirable location. The zip code is 79107.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $317,847
    6.5%
    $293,397
    7%
    $272,440
  • Comparable approach

    Method
    Valuation
    Relative Method
    $188,453
    Geo Method
    $269,517
  • Alternative Use

    Use
    Valuation
    Residential
    $363,813
    Hospitality
    $333,251
    Educational
    $277,261
    Medical
    $286,796
    Retail
    $431,294
511 Fillmore St, Amarillo, Texas

Location Insight

City
Amarillo
County
Potter
State
Texas
Latitude
35.2183
Longitude
-101.833
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
$5,713
$16,553
$285,087
$301,640
-
$16,553
$285,087
$301,640

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