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    18500 W Interstate Hwy, Unit 40 Amarillo, TX

    For Sale
    $1,125,000

    Value-add shopping center with significant income growth potential.

    Property size:
    9,000 SF
    Lot size:
    1.84 Acres

    Property Features for 18500 W Interstate Hwy

    General Information

    Size
    9,000 SF
    Lot size
    1.84 Acres

    Source: Sands Investment Group (SIG) | Austin Agent Ethan Offenbecher

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Bushland Shopping Center Investment Opportunity

    The Bushland Shopping Center, located at 18746 West Interstate Highway 40 in Bushland, TX, offers a value-add investment opportunity. Constructed in 2020, this 9,000 SF shopping center is currently 65% occupied and anchored by Anytime Fitness. The property provides an opportunity to increase net operating income by leasing the two vacant suites. With excellent exposure on I-40 (Rt 66), the property benefits from high traffic volume, with 21,246 vehicles per day on the primary east/west route connecting Oklahoma City, OK, to Albuquerque, NM. The property is located just 4 miles west of Cadillac Ranch, a popular tourist attraction, and 8 miles west of South Soncy Rd and Coulter Street South, the growth corridor of Amarillo, TX. This location provides significant upside for investors. The property is valued at a 7.20% CAP on actuals, with a proforma CAP of 14.6%, and a 2-year IRR of over 24%.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Map

    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -101.8236063
    Latitude
    35.200809

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    FAQs

    What type of property is this?
    Strip mall - Value-add shopping center with significant income growth potential.
    Where is this strip mall located?
    The property is located at 18500 W Interstate Hwy, Unit 40 Amarillo, TX.
    What is the asking price?
    The asking price for this property is $1,125,000.
    What are key features of this property?
    This property features: - Proforma CAP rate of 14.6% achievable by filling vacant suites, offering significant upside.; - Opportunity to increase Net Operating Income (NOI) by $83,285 through lease-up of vacant suites.; - Newly constructed in 2020, minimizing potential maintenance costs.
    (737) 205-2056
    Request Owner's contact information
    18500 W Interstate Hwy, Unit 40 Amarillo, TX
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    18500 W Interstate Hwy, Unit 40 Amarillo, TX
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