Six-Unit Flex
For Sale
$1,000,000
11403 W INTERSTATE 40, Amarillo, TX 79124
Commercial Sale, Amarillo, TX
Property Size13,600 SF
Lot Size1.18 Acres
Price / SF$73.53
Days on Market93
Property Features for 11403 W INTERSTATE 40
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
1000 - NW of Amarillo City Limits
Directions
Take I-40 West Drive about 10-12 miles Exit near Helium Rd / frontage road Go to 11403 W I-40 on the south side frontage road
Subdivision
1999 - All Others Not Identified
Standard status
Active
APN
217831
Size
13,600 SF
Lot size
1.18 Acres
Taxes and HOA fees
Tax Description
INTERSTATE FORTY W ACS # 6, LOT 010, BLK 0004, 1.1800 ACRES
Legal Description
INTERSTATE FORTY W ACS # 6, LOT 010, BLK 0004, 1.1800 ACRES
Amenities
overhead garage doors
220V electrical service
Building Details
Year built
2000
Listing Agency:
Keller Williams Realty Amarillo
(806) 359-4000
Listed By:
Jon Mark Roberson · License #719840
(806) 367-3357
Added: Jul 7
Changed: Aug 19
Last Checked: Oct 7 at 6:06PM
MLS# 26-4025
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 property includes two buildings totaling 13,600 square feet and six units. Each unit combines office space, a shop area, a restroom, an overhead garage door, and 220V electrical service. The units are separately metered and supported by well and septic systems.
The property occupies 1.18 acres along I-40 in Amarillo, with frontage on the interstate and convenient highway access. On-site parking and maneuvering areas serve the six units. All units are currently occupied under month-to-month leases, providing an existing rental operation with lease flexibility.
The property occupies 1.18 acres along I-40 in Amarillo, with frontage on the interstate and convenient highway access. On-site parking and maneuvering areas serve the six units. All units are currently occupied under month-to-month leases, providing an existing rental operation with lease flexibility.
Key Highlights
- 13,600‑square‑foot flex property on 1.18 acres
- Two buildings containing 6 units
- All 6 units occupied under month‑to‑month leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,824
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,636,480
$1.6M
Cap Rate 7%
$1,168,914
$1.2M
Cap Rate 9%
$909,156
$909.2K
Market Conditions
NOI Build-Up for 13,600 SF
Gross rent
$122.4K $9.00/SF
− Vacancy
−$5.5K −$0.41/SF
EGI
$116.9K $8.59/SF
− OpEx
−$35.1K −$2.58/SF
NOI
$81.8K $6.02/SF
Area
Amarillo, TX
Vacancy
4.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,636,480
Cap Rate 7%
$1,168,914
Cap Rate 9%
$909,156
Alternative Uses
Best Use
Office B
$2.23M
$1.95M – $2.60M
NOI $156,060 @ 7.0% cap · market cap 15.61%
Second Best
Warehouse
$1.52M
$1.33M – $1.78M
NOI $106,537 @ 7.0% cap · market cap 10.65%
Theoretical Best
Office A
$3.04M
$2.66M – $3.54M
NOI $212,552 @ 7.0% cap · market cap 21.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
6
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
38
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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Two buildings provide office, shop, restroom, and overhead-door space with interstate frontage and month-to-month occupancy.
Where is this flex space located?
The property is located at 11403 W INTERSTATE 40 Amarillo, TX.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 13,600‑square‑foot flex property on 1.18 acres; Two buildings containing 6 units; All 6 units occupied under month‑to‑month leases
