Flex Warehouse with Fenced
For Sale
$270,000
4612 Maverick Street, Amarillo, TX 79109
COMMERCIAL - Amarillo, TX
Property Size2,000 SF
Price / SF$135
Days on Market96
Property Features for 4612 Maverick Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
0200 - SW Amarillo in City Limits
Directions
From 45th go South on Maverick to address.
Subdivision
0210 - Paramount/Mays
Standard status
Active
APN
217651
Size
2,000 SF
Taxes and HOA fees
Tax Description
WESTERN-AIR ADDN # 22, LOT 06A, BLK 0005, 0.2400 ACRES
Legal Description
WESTERN-AIR ADDN # 22, LOT 06A, BLK 0005, 0.2400 ACRES
Building Details
Year built
2015
Listing Agency:
Gaut Whittenburg Emerson Commercial Real Estate, LLC
(806) 373-3111
Listed By:
Miles Bonifield · License #0594133
(806) 584-7365
Added: Jun 1
Changed: Aug 4
Last Checked: Sep 4 at 3:06PM
MLS# 26-4414
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 flex warehouse for sale includes a fenced yard and side yard space, designed to support both storage and light operational needs. The building offers 15 feet of clearance with 16-foot sidewalls, and a 12' x 14' overhead door for loading and unloading. The property is equipped with 220 and 3-phase electrical capability.
Additional functional amenities include a sand separator and filtration system, along with an infrared tube heater. An ADA-compliant restroom is also included for employee and visitor convenience. The property is located in Amarillo, TX 79109, in Randall County.
Additional functional amenities include a sand separator and filtration system, along with an infrared tube heater. An ADA-compliant restroom is also included for employee and visitor convenience. The property is located in Amarillo, TX 79109, in Randall County.
Key Highlights
- Flex warehouse built in 2015 with 15 ft clearance and 16 ft sidewalls
- 12' x 14' overhead door for loading and unloading
- 220 and 3‑phase power available
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
$15,667
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
5.80%
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%
$313,340
$313.3K
Cap Rate 7%
$223,814
$223.8K
Cap Rate 9%
$174,078
$174.1K
Market Conditions
NOI Build-Up for 2,000 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
$19.2K $9.60/SF
− Vacancy
−$768 −$0.38/SF
EGI
$18.4K $9.22/SF
− OpEx
−$2.8K −$1.38/SF
NOI
$15.7K $7.83/SF
Area
Amarillo, TX
Vacancy
4.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
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%
$313,340
Cap Rate 7%
$223,814
Cap Rate 9%
$174,078
Alternative Uses
Best Use
Warehouse
$223.8K
$195.8K – $261.1K
NOI $15,667 @ 7.0% cap · market cap 5.80%
Second Best
Flex RnD
$205.0K
$179.4K – $239.2K
NOI $14,352 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$446.5K
$390.7K – $521.0K
NOI $31,258 @ 7.0% cap · market cap 11.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
15 ft
Clear height
1
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
756
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79109, TX
42,509
Population
20,308
Households
2.1
Avg Household Size
39
Median Age
33%
College-Educated
93%
High-School Grad
10.3 sq mi
ZIP Area
4,127
Density / Sq Mi
$68,579
Median Household Income
$41,410
Median Earnings
$945
Median Rent
$217,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex warehouse includes 15 feet of clearance and a 12' x 14' overhead door for straightforward loading and unloading.
Where is this flex space located?
The property is located at 4612 Maverick Street Amarillo, TX.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Flex warehouse built in 2015 with 15 ft clearance and 16 ft sidewalls; 12' x 14' overhead door for loading and unloading; 220 and 3‑phase power available
