Turn-Key Convenience
For Sale
$600,000
1000 SW 10TH Avenue, Amarillo, TX 79101
COMMERCIAL - Amarillo, TX
Property Size3,216 SF
Price / SF$186.57
Days on Market18
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:
Our Texas Real Estate
(512) 375-2380
Listed By:
Brittaney Bailey
(806) 648-4444
Added: Jul 13
Last Checked: Jul 30 at 4:06PM
MLS# 25-9329
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 centrally located convenience store at 1000 SW 10TH Avenue in Amarillo, Texas is offered as a turn-key, stocked operation. The property has been recently remodeled and is presented with an efficient layout and updated finishes intended for immediate use.
The store is positioned on a high-traffic corridor within Amarillo’s Plemons area, supporting day-to-day retail convenience needs.
A buyer can acquire the property ready to operate, with the interior updates and stocked condition described as prepared for ongoing business use.
The store is positioned on a high-traffic corridor within Amarillo’s Plemons area, supporting day-to-day retail convenience needs.
A buyer can acquire the property ready to operate, with the interior updates and stocked condition described as prepared for ongoing business use.
Key Highlights
- Turn‑key, cash‑flowing convenience store opportunity.
- Centrally located in Amarillo's Plemons area.
- High‑traffic corridor with strong neighborhood demand.
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 | $54.0k | $16.80 |
| − Vacancy | −$3.2k | −$1.01 |
| EGI | $50.8k | $15.79 |
| − OpEx | −$12.7k | −$3.95 |
| NOI | $38.1k | $11.84 |
3,216 SF · lease $16.80/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$544.1K
$476.1K – $634.8K
NOI $38,090 @ 7.0% cap · market cap 6.35%
Second Best
Retail
$443.8K
$388.3K – $517.8K
NOI $31,067 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$718.0K
$628.3K – $837.7K
NOI $50,262 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
916
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Recently remodeled convenience store offered stocked and ready for immediate operation at 1000 SW 10th Avenue.
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 $600,000.
What are key features of this property?
This property features: Turn‑key, cash‑flowing convenience store opportunity.; Centrally located in Amarillo's Plemons area.; High‑traffic corridor with strong neighborhood demand.
