Corner Convenience Store with
1021 Martin Road Amarillo, TX 79107
1021 Martin Road, Amarillo, TX, 79107
$650,000
For Sale
Under Contract
$650,000
COMMERCIAL - Amarillo, TX
Property Size2,613 SF
Price / SF$248.76
Days on Market17
Property Features for 1021 Martin Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active Under Contract
- APN
- 212666
- Size
- 2,613 SF
Taxes and HOA fees
- Tax Description
- MARCELLA ADDN # 1, LOT 001, BLK 0001
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1976
- Flooring type
- Tile
- Building materials
- Brick Veneer
Listing agency
Van Pelt Real Estate
(806) 373-2566
Listed by
Apryll Van Pelt · License #669660
(806) 648-4444
Added: Jul 6 Checked: Jul 22 at 3:06AM
MLS# 26-4622
Copyright © 2026 Amarillo Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This convenience store offers a practical retail layout with a drive-up window and approximately 2,613 square feet of space, designed to serve both walk-in and vehicle traffic. The property also includes ample parking to support customer access and day-to-day operations.
Situated on a high-visibility corner lot at 1021 Martin Road in Amarillo, Texas (79107), the site benefits from strong street exposure. It is located near medical centers and apartment complexes and is directly across from a lake, creating a recognizable, easily accessed presence for ongoing retail use.
Currently operating as a convenience store, the property can be a fit for an owner-operator seeking continuity, or for a buyer planning a different retail direction. The drive-up feature and established retail configuration may support programs like extended hours, including a 24-hour operation, or a transformation into another retail concept, depending on business goals and permitting requirements.
Situated on a high-visibility corner lot at 1021 Martin Road in Amarillo, Texas (79107), the site benefits from strong street exposure. It is located near medical centers and apartment complexes and is directly across from a lake, creating a recognizable, easily accessed presence for ongoing retail use.
Currently operating as a convenience store, the property can be a fit for an owner-operator seeking continuity, or for a buyer planning a different retail direction. The drive-up feature and established retail configuration may support programs like extended hours, including a 24-hour operation, or a transformation into another retail concept, depending on business goals and permitting requirements.
Key Highlights
- Convenience store on a corner lot with a drive‑up window
- Ample on‑site parking
- Brick veneer construction
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.9k | $16.80 |
| − Vacancy | −$2.6k | −$1.01 |
| EGI | $41.3k | $15.79 |
| − OpEx | −$10.3k | −$3.95 |
| NOI | $30.9k | $11.84 |
2,613 SF · lease $16.80/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$442.1K
$386.9K – $515.8K
NOI $30,948 @ 7.0% cap · market cap 4.76%
Second Best
Retail
$360.6K
$315.5K – $420.7K
NOI $25,242 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$583.4K
$510.5K – $680.6K
NOI $40,838 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Park Mart
Grocery & Convenience Store
Similar For Sale Nearby
Similar Off Market Nearby
- 东方 — 2216 E Amarillo Blvd, Amarillo, TX 79107
FAQs
What type of property is this?
Grocery and convenience store - Convenience store on a corner lot with a drive-up window and ample parking for retail or conversion.
Where is this grocery and convenience store located?
The property is located at 1021 Martin Road Amarillo, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Convenience store on a corner lot with a drive‑up window; Ample on‑site parking; Brick veneer construction
