511 Fillmore StAmarillo, TX 79107

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 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.

• CAP approach

  CAP return

  Valuation

  6%

  $360,227

  6.5%

  $332,517

  7%

  $308,766

• Comparable approach

  Method

  Valuation

  Relative Method

  $188,453

  Geo Method

  $269,517

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $626,369

  Retail / Commercial

  $326,735

  Mixed-Use / Specialty

  $329,933

  Hospitality / Lodging

  $247,741

  Institutional / Educational

  $344,557

  Residential Income

  $403,131

  Multifamily

  $459,308

  Automotive / Energy

  $295,334

  Parking / Income-Based Land

  $97,605.90

  Restaurant / Food Service

  $180,912

  Healthcare / Senior Housing

  $333,866

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

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