I-27 & S Bonham
For Sale
Contact for pricing
4101 Canyon Dr, Amarillo, TX
Property with excellent accessibility and visibility at I-27 & S Bonham.
Property Size15,748 SF
Lot Size1.68 Acres
Price / SF$101.60
Days on Market903
Property Features for 4101 Canyon Dr
General Information
Standard status
Active
Size
15,748 SF
Lot size
1.68 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Gaut Whittenburg Emerson CRE
(806) 373-3111
Listed By:
Cathy Derr, CCIM · License #0412282
(806) 679-8436
Source:
Moodyscre
Added: Apr 18, 2024
Changed: Sep 10
Last Checked: Oct 5 at 7:43PM
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 property is situated at the intersection of I-27 and S Bonham, offering accessibility and visibility. The property at 4105 Canyon Dr, built in 1975, has a building size of 6,400 square feet and a lot size of 32,670 square feet. It features four offices with a showroom, two large shop areas with ceiling heights of 13' and 15', and seven overhead doors: one 14' x 10', two 8' x 10', and four 10' x 10'. The property at 4006 S Bonham, built in 2003, has a building size of 6,000 square feet and a lot size of 22,657.2 square feet. It includes three overhead doors: one 14' x 12', one 10' x 10', and one 8' x 10', along with two walk-in doors and an upstairs office with a kitchenette and bathroom. Additionally, there is a property built in 1963 with a building size of 3,348 square feet and a lot size of 18,730.8 square feet, featuring a paint booth with a fire suppression system, one 2-post lift, and four overhead doors: two 10' x 13' and two 10' x 10'. The lot is fenced.
Key Highlights
- Strategic location at the intersection of I‑27 and S Bonham offering excellent accessibility and visibility.
- Three buildings included: 3,348 sq ft (built 1963), 6,400 sq ft (built 1975), and 6,000 sq ft (built 2003).
- Multiple overhead doors (total of 14) of various sizes across all buildings.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$123,364
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,467,280
$2.5M
Cap Rate 7%
$1,762,343
$1.8M
Cap Rate 9%
$1,370,711
$1.4M
Market Conditions
NOI Build-Up for 15,748 SF
Gross rent
$151.2K $9.60/SF
− Vacancy
−$6.0K −$0.38/SF
EGI
$145.1K $9.22/SF
− OpEx
−$21.8K −$1.38/SF
NOI
$123.4K $7.83/SF
Area
Amarillo, TX
Vacancy
4.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,467,280
Cap Rate 7%
$1,762,343
Cap Rate 9%
$1,370,711
Alternative Uses
Best Use
Retail
$2.17M
$1.90M – $2.54M
NOI $152,126 @ 7.0% cap · market cap 9.51%
Second Best
Warehouse
$1.76M
$1.54M – $2.06M
NOI $123,364 @ 7.0% cap · market cap 7.71%
Theoretical Best
Office A
$3.52M
$3.08M – $4.10M
NOI $246,122 @ 7.0% cap · market cap 15.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
522
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
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Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Document Shredding & Storage - Amarillo — 2727 SW 45th Ave, Amarillo, TX 79110
- American Storage — 1737, 4415 S Georgia St #108, Amarillo, TX 79110
- Amarillo Storage Station — 4430 canyon dr, amarillo, tx 79109
- SpareBox Storage — 4430 Canyon Expy, Amarillo, TX 79109
- SpareBox Storage — 4430 Canyon Dr, Amarillo, TX 79109
Frequently Asked Questions
What type of property is this?
Warehouse - Property with excellent accessibility and visibility at I-27 & S Bonham.
Where is this warehouse located?
The property is located at 4101 Canyon Dr Amarillo, TX.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Strategic location at the intersection of I‑27 and S Bonham offering excellent accessibility and visibility.; Three buildings included: 3,348 sq ft (built 1963), 6,400 sq ft (built 1975), and 6,000 sq ft (built 2003).; Multiple overhead doors (total of 14) of various sizes across all buildings.
