Convenience
New
For Sale
$550,000
1000 SW 10TH Avenue, Amarillo, TX 79101
Commercial Sale, Amarillo, TX
Property Size3,216 SF
Price / SF$171.02
Days on Market3
Property Features for 1000 SW 10TH Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
0100 - NW Amarillo in City Limits
Parking features
Parking Lot
Directions
on the corner of 10th and Washington
Subdivision
0100 - Plemons
Standard status
Active
APN
212665
Size
3,216 SF
Taxes and HOA fees
Tax Description
MADDEN ADDN, LOT 010, BLK 0003
Legal Description
MADDEN ADDN, LOT 010, BLK 0003
Building Details
Year built
1957
Listing Agency:
Keller Williams Realty Amarillo
Listed By:
Brittaney Bailey
(806) 359-4000
Added: Oct 15
Last Checked: Oct 17 at 1:06PM
MLS# 26-8163
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.
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Investment Insights
Based on property information with market context.
The convenience store contains 3,216 square feet and was built in 1957. The property has been remodeled and includes a parking lot.
Key Highlights
- 3,216‑square‑foot convenience store
- Built in 1957
- Remodeled property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,090
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$761,800
$761.8K
Cap Rate 7%
$544,143
$544.1K
Cap Rate 9%
$423,222
$423.2K
Market Conditions
NOI Build-Up for 3,216 SF
Gross rent
$54.0K $16.80/SF
− Vacancy
−$3.2K −$1.01/SF
EGI
$50.8K $15.79/SF
− OpEx
−$12.7K −$3.95/SF
NOI
$38.1K $11.84/SF
Area
Amarillo, TX
Vacancy
6.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$761,800
Cap Rate 7%
$544,143
Cap Rate 9%
$423,222
Alternative Uses
Best Use
Specialty Retail
$544.1K
$476.1K – $634.8K
NOI $38,090 @ 7.0% cap · market cap 6.93%
Second Best
Retail
$443.8K
$388.3K – $517.8K
NOI $31,067 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$718.0K
$628.3K – $837.7K
NOI $50,262 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,679
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79101, TX
2,307
Population
1,309
Households
1.8
Avg Household Size
51
Median Age
15%
College-Educated
81%
High-School Grad
1.6 sq mi
ZIP Area
1,442
Density / Sq Mi
$40,313
Median Household Income
$36,409
Median Earnings
$898
Median Rent
$152,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - A dedicated parking lot serves the convenience-store property.
Where is this grocery and convenience store located?
The property is located at 1000 SW 10TH Avenue Amarillo, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 3,216‑square‑foot convenience store; Built in 1957; Remodeled property
