Corner Convenience Store with
For Sale
$650,000
Pending
1021 Martin Road, Amarillo, TX 79107
COMMERCIAL - Amarillo, TX
Property Size2,613 SF
Days on Market25
Property Features for 1021 Martin Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
0300 - NE Amarillo in City Limits
Directions
At the corner of Martin Rd and Dale
Subdivision
0320 - Martin Road
Standard status
Pending
APN
212666
Size
2,613 SF
Taxes and HOA fees
Tax Description
MARCELLA ADDN # 1, LOT 001, BLK 0001
Legal 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
Changed: Jul 24
Last Checked: Jul 30 at 8:06PM
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 corner convenience store is positioned on a high-visibility lot and includes a convenient drive-up window, ample parking, and strong street exposure. The property is currently operating profitably, and the existing layout supports ideas such as expanding to a 24-hour operation or converting the space to another retail concept.
Located at 1021 Martin Road in Amarillo, Texas, the property sits near medical centers and apartment complexes, with the site directly across from a lake. The business benefits from its established customer base and community presence.
With a retail-focused configuration and an access-friendly drive-up feature, this offering is suited for buyers looking for an operating convenience store or a retail reuse opportunity on a prominent corner site.
Located at 1021 Martin Road in Amarillo, Texas, the property sits near medical centers and apartment complexes, with the site directly across from a lake. The business benefits from its established customer base and community presence.
With a retail-focused configuration and an access-friendly drive-up feature, this offering is suited for buyers looking for an operating convenience store or a retail reuse opportunity on a prominent corner site.
Key Highlights
- Convenience store on a corner lot with a drive‑up window
- Ample on‑site parking
- Brick veneer construction
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
438
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79107, TX
37,480
Population
12,346
Households
3
Avg Household Size
34
Median Age
6%
College-Educated
61%
High-School Grad
19.6 sq mi
ZIP Area
1,912
Density / Sq Mi
$39,474
Median Household Income
$28,084
Median Earnings
$1,016
Median Rent
$88,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- 东方 — 2216 E Amarillo Blvd, Amarillo, TX 79107
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Corner convenience store with a drive-up window, ample parking, and strong street exposure in Amarillo, Texas.
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
