Multi-Purpose Flex Warehouse
For Sale
$1,299,480
18100 W INTERSTATE 40, Amarillo, TX 79124
COMMERCIAL - Amarillo, TX
Property Size15,288 SF
Lot Size2.40 Acres
Price / SF$85
Days on Market49
Property Features for 18100 W INTERSTATE 40
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
1000 - NW of Amarillo City Limits
Directions
Head south/west out of downtown to get on I-40 West (via Buchanan St or Grand St interchange, depending on where downtown you start). Stay on I-40 West for roughly 10-12 miles, passing the Bell St, Coulter St, and Soncy Rd exits.Take the exit near mile marker ~62, signed for the frontage road / Rt. 66 area . Merge onto the frontage road (W I-40 Rd) the shop is on the frontage road near that exit.
Subdivision
1999 - All Others Not Identified
Standard status
Active
APN
217861
Size
15,288 SF
Lot size
2.40 Acres
Taxes and HOA fees
Tax Description
PRAIRIE WEST ESTATES # 11, LOT 036, BLK 0012, 4.2000 ACRES
Legal Description
PRAIRIE WEST ESTATES # 11, LOT 036, BLK 0012, 4.2000 ACRES
Utilities
Cooling system
Central Air
Building Details
Year built
2019
Building materials
Frame
Roof type
Metal
Listing Agency:
Capitol Peak Realty
(214) 901-8088
Listed By:
Shelby Massey · License #0634719
(806) 513-7299
Added: Jul 20
Changed: Aug 4
Last Checked: Sep 6 at 2:06AM
MLS# 26-5805
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 fully improved, multi-purpose facility includes a modern commercial interior with soaring ceilings, professional lighting (including track lighting), and multiple restrooms. The layout is described as flexible with expansive open-concept space, and the property is equipped with loading docks and loading access, along with expansive parking.
The property is positioned directly along Interstate 40 just west of Amarillo, Texas, with direct I-40 exposure. The site is offered on approximately 2.4 acres and totals about 15,288 square feet, providing room for expansion consistent with the existing infrastructure.
According to the listing, the building was originally designed as a destination retail and event venue, and the interior configuration can support a range of operational uses, including event and wedding venue operations, corporate headquarters or showroom space, manufacturing or light industrial use, and distribution and logistics operations.
The property is positioned directly along Interstate 40 just west of Amarillo, Texas, with direct I-40 exposure. The site is offered on approximately 2.4 acres and totals about 15,288 square feet, providing room for expansion consistent with the existing infrastructure.
According to the listing, the building was originally designed as a destination retail and event venue, and the interior configuration can support a range of operational uses, including event and wedding venue operations, corporate headquarters or showroom space, manufacturing or light industrial use, and distribution and logistics operations.
Key Highlights
- Approximately 2.5‑acre commercial property with direct frontage on I‑40 West, just west of Amarillo
- Built in 2019 with frame construction and a metal roof
- Central air cooling
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$109,707
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,194,140
$2.2M
Cap Rate 7%
$1,567,243
$1.6M
Cap Rate 9%
$1,218,967
$1.2M
Market Conditions
NOI Build-Up for 15,288 SF
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.
Gross rent
$183.5K $12.00/SF
− Vacancy
−$14.7K −$0.96/SF
EGI
$168.8K $11.04/SF
− OpEx
−$59.1K −$3.86/SF
NOI
$109.7K $7.18/SF
Area
Amarillo, TX
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,194,140
Cap Rate 7%
$1,567,243
Cap Rate 9%
$1,218,967
Alternative Uses
Best Use
Warehouse
$1.71M
$1.50M – $2.00M
NOI $119,760 @ 7.0% cap · market cap 9.22%
Second Best
Flex RnD
$1.57M
$1.37M – $1.83M
NOI $109,707 @ 7.0% cap · market cap 8.44%
Theoretical Best
Office A
$3.41M
$2.99M – $3.98M
NOI $238,933 @ 7.0% cap · market cap 18.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79124, TX
11,585
Population
4,676
Households
2.5
Avg Household Size
45
Median Age
39%
College-Educated
94%
High-School Grad
181.2 sq mi
ZIP Area
64
Density / Sq Mi
$110,144
Median Household Income
$64,296
Median Earnings
$1,158
Median Rent
$325,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Fully improved facility with soaring ceilings, loading access, multiple restrooms, and direct Interstate 40 frontage.
Where is this flex space located?
The property is located at 18100 W INTERSTATE 40 Amarillo, TX.
What is the asking price?
The asking price for this property is $1,299,480.
What are key features of this property?
This property features: Approximately 2.5‑acre commercial property with direct frontage on I‑40 West, just west of Amarillo; Built in 2019 with frame construction and a metal roof; Central air cooling
