Value Add Investment with 8.64% Cap Rate

Description:

3706 Mockingbird Ln, Amarillo, presents a compelling investment and owner-user opportunity in a central Amarillo location.​ This well-maintained Class B office property totals 5,956 SF on an 18,295 SF lot and is offered at $625,000.​

Ideal for buyers seeking immediate income with future flexibility, the building is currently 66.67% occupied, with approximately 4,000 SF leased and 1,956 SF available for an owner-user or additional tenant.​The efficient layout includes 11 total offices, including 2 executive offices, plus 2 conference rooms, 5 restrooms, and a break room.​

The property is designed for functionality and convenience with 20 parking spaces, including 4 covered spaces, an outdoor covered patio, and 2 garage spaces that offer value-add potential for conversion to additional office or specialized workspace.​ Three HVAC units provide zoned comfort, and a new 5-ton HVAC unit installed in 2025 helps reduce near-term capital expenses.​

Positioned near major retail, service businesses, and key thoroughfares, this property offers strong accessibility and long-term appeal for investors and owner-users alike.​

 

 


3706 Mockingbird is situated in the Paramount-Mays neighborhood. The property is less than 5 minutes from I-40, providing seamless access for clients traveling from across the Panhandle.  Mockingbird Lane serves as a connector between two major streets in Amarillo, Georgia & Western.  Nearby major intersections see signifiant daily volume with Western Street averaging approximately 25,000 vehicles per day.  Within a 1-mile radius, you’ll find the Wolflin Square, Wolfin Village and Western Crossing shopping areas.

 

 


Building Size: 5,956 sf

Income Producing: 4,000 sf currently leased at $5,500/month

Layout: 11 Total Offices (incl. 2 Executive) + 2 Conference

Parking: 20 Total Spaces (includes 4 covered)

Recent Upgrades: New 5-ton HVAC (2025)

Amenities: 5 restrooms, breakroom and 2 garage spaces 

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