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3321 Bell St
Amarillo, TX 79106
Belmar Office Complex · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Intersection of 34th & Bell, easy access to Amarillo’s most active commercial corridor
- Existing vacancy allows owner to occupy part of the building while benefiting from rental income
- Value-add potential through lease-up; strong returns in a supply-constrained office market
- NOI $33,302 (current); projected $60,000 at stabilized occupancy
EXECUTIVE SUMMARY
Introducing 3321 Bell St, Amarillo - This office building offers an ideal opportunity for both investors and owner-occupants. Conveniently positioned at the highly desirable 34th & Bell intersection, the property provides easy access, and proximity to Amarillo’s most active commercial corridor.
Currently 71% occupied, the building generates an NOI of $33,302, with significant upside potential through lease-up. At a stabilized 95% occupancy, the projected NOI increases to approximately $60,000, creating a compelling value-add opportunity for investors seeking strong returns in a supply-constrained office market.
For an owner-user, the existing vacancy provides an excellent chance to occupy a portion of the building while benefiting from rental income generated by the existing tenants.
Currently 71% occupied, the building generates an NOI of $33,302, with significant upside potential through lease-up. At a stabilized 95% occupancy, the projected NOI increases to approximately $60,000, creating a compelling value-add opportunity for investors seeking strong returns in a supply-constrained office market.
For an owner-user, the existing vacancy provides an excellent chance to occupy a portion of the building while benefiting from rental income generated by the existing tenants.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
6,885 SF
Building Class
B
Year Built
1976
Price
$475,000
Price Per SF
$68.99
Cap Rate
6.43%
NOI
$30,543
Percent Leased
71%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,885 SF
Building FAR
0.30
Lot Size
0.52 AC
Zoning
GR - General Retail
Parking
19 Spaces (2.76 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | R-061-1200-8975-0 | Improvements Assessment | $134,134 |
| Land Assessment | $28,967 | Total Assessment | $163,101 |
PROPERTY TAXES
Parcel Number
R-061-1200-8975-0
Land Assessment
$28,967
Improvements Assessment
$134,134
Total Assessment
$163,101
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