Multi-Use Retail and Showroom
For Sale
Contact for pricing
10300 W Interstate Hwy 40, Amarillo, TX 79124
Multi-use retail/showroom facility with heated offices, dock and grade-level doors, and fenced outside storage.
Property Size50,790 SF
Price / SF$156.53
Days on Market1054
Property Features for 10300 W Interstate Hwy 40
General Information
Standard status
Active
Size
50,790 SF
Property subtype
Retail
Zoning
Outside the City Limits
Lease Type
NNN
Building Details
Year Built
2004
Buildings
1
Stories
1
Listing Agency:
Gaut Whittenburg Emerson CRE
Listed By:
Ben Whittenburg · License #TX SA664767000
(806) 373-3111
Source:
Crexi
Added: Oct 18, 2023
Changed: Aug 25
Last Checked: Sep 2 at 10:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gaut Whittenburg Emerson CRE
Investment Insights
Based on property information with market context.
This multi-use retail building is currently operating as Camping World Amarillo and is structured to support a range of business uses. The property includes showroom and office areas that are 100% heated and cooled with roof-mounted HVAC units, with forced air heating in the storage area. Deliveries are accommodated through two dock doors and two grade level doors. Construction is solid, featuring concrete tilt wall with brick and steel framing.
The site is on well and septic and includes a large water holding tank for an overhead fire suppression system. Outside, the property offers ample parking, a fenced outside storage area, and security lighting with security cameras throughout.
The facility is built on 6.46 acres and is positioned for access and visibility off the new Loop 335 in a fast-developing area described as having good traffic counts.
The site is on well and septic and includes a large water holding tank for an overhead fire suppression system. Outside, the property offers ample parking, a fenced outside storage area, and security lighting with security cameras throughout.
The facility is built on 6.46 acres and is positioned for access and visibility off the new Loop 335 in a fast-developing area described as having good traffic counts.
Key Highlights
- 50,790 SF multi‑use retail/showroom building on 6.46 acres
- Year built 2004 construction with concrete tilt wall, brick exterior, and steel framing
- 100% heated and cooled showroom and office areas; forced air heating in storage
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
$490,631
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
6.17%
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%
$9,812,620
$9.8M
Cap Rate 7%
$7,009,014
$7.0M
Cap Rate 9%
$5,451,456
$5.5M
Market Conditions
NOI Build-Up for 50,790 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
$761.9K $15.00/SF
− Vacancy
−$60.9K −$1.20/SF
EGI
$700.9K $13.80/SF
− OpEx
−$210.3K −$4.14/SF
NOI
$490.6K $9.66/SF
Area
Amarillo, TX
Vacancy
8.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$9,812,620
Cap Rate 7%
$7,009,014
Cap Rate 9%
$5,451,456
Alternative Uses
Best Use
Retail
$7.01M
$6.13M – $8.18M
NOI $490,631 @ 7.0% cap · market cap 6.17%
Second Best
Flex RnD
$5.21M
$4.56M – $6.07M
NOI $364,469 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$11.34M
$9.92M – $13.23M
NOI $793,787 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1
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
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Frequently Asked Questions
What type of property is this?
Flex space - Multi-use retail/showroom facility with heated offices, dock and grade-level doors, and fenced outside storage.
Where is this flex space located?
The property is located at 10300 W Interstate Hwy 40 Amarillo, TX.
What is the asking price?
The asking price for this property is $7,950,000.
What are key features of this property?
This property features: 50,790 SF multi‑use retail/showroom building on 6.46 acres; Year built 2004 construction with concrete tilt wall, brick exterior, and steel framing; 100% heated and cooled showroom and office areas; forced air heating in storage
