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3706 Mockingbird Ln 3706 Mockingbird Ln 5,956 SF 67% Leased Office Building Amarillo, TX 79109 $650,000 ($109.13/SF) 7.38% Cap Rate



Investment Highlights
- Income-producing asset with 4,000 square feet currently leased.
- Recent capital improvement with a new 5-ton HVAC unit installed in 2025.
- Convenient location near major Amarillo roadways and business amenities.
- Functional layout featuring 11 offices, two conference rooms, and two executive suites.
- Ample parking with 20 spaces, including four covered, plus two garage bays for expansion.
- Includes five restrooms, a breakroom, and an outdoor covered patio for employee comfort.
Executive Summary
This well-maintained office property offers a unique investment and owner-user opportunity in Amarillo, Texas. Built in 1971 and recently upgraded with a new 5-ton HVAC unit in 2025, the building spans 5,956 square feet and sits on an 18,295-square-foot lot. The property features a functional layout with 11 offices, including two executive suites, and two large conference rooms, providing flexibility for a variety of business operations.
The building includes five restrooms, an employee breakroom, and two garage spaces that can be converted into additional office or specialized work areas. Zoned comfort is ensured with three HVAC units, reducing near-term capital expenditures for the new owner. Parking is abundant, with 20 spaces, including four covered spots, and an outdoor covered patio adds to the property’s appeal.
Located in a well-connected area of Amarillo, the property benefits from proximity to major thoroughfares, retail amenities, and business services, making it an attractive option for companies seeking a central and accessible location. With 4,000 square feet currently leased, the property also provides immediate income potential for investors.
The building includes five restrooms, an employee breakroom, and two garage spaces that can be converted into additional office or specialized work areas. Zoned comfort is ensured with three HVAC units, reducing near-term capital expenditures for the new owner. Parking is abundant, with 20 spaces, including four covered spots, and an outdoor covered patio adds to the property’s appeal.
Located in a well-connected area of Amarillo, the property benefits from proximity to major thoroughfares, retail amenities, and business services, making it an attractive option for companies seeking a central and accessible location. With 4,000 square feet currently leased, the property also provides immediate income potential for investors.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
5,956 SF
Building Class
B
Year Built/Renovated
1971/1996
Price
$650,000
Price Per SF
$109.13
Cap Rate
7.38%
NOI
$48,000
Percent Leased
67%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,956 SF
Building FAR
0.33
Lot Size
0.42 AC
Zoning
GR - General Retail
Parking
20 Spaces (3.36 Spaces per 1,000 SF Leased)
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | R-044-4800-2240.2 | Total Assessment | $288,439 |
| Land Assessment | $45,738 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $242,701 | Tax Year | 2025 |
Property Taxes
Parcel Number
R-044-4800-2240.2
Land Assessment
$45,738
Improvements Assessment
$242,701
Total Assessment
$288,439
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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