Commercial Shops on FM
For Sale
Contact for pricing
12177 FM 2590, Amarillo, TX 79119
Eight commercial shops with expansion potential on 11 acres.
Property Size19,200 SF
Lot Size9.00 Acres
Price / SF$135.42
Days on Market769
Property Features for 12177 FM 2590
General Information
Standard status
Active
Size
19,200 SF
Class
B
Lot size
9.00 Acres
Property subtype
Industrial
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Stabilized
Net Operating Income
$94,828
Building Details
Year Built
2022
Stories
1
Units
8
Tenancy
Multi
Listing Agency:
KW Commercial
Listed By:
Bobby Tyler · License #TX 690582
(806) 676-7709
Source:
Crexi
Added: Sep 12, 2024
Changed: Oct 9
Last Checked: Oct 19 at 6:43AM
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 KW Commercial
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property is located on the FM 2590/VFW Road corridor. It features eight newly constructed 40 x 60 commercial shops, totaling 19,200 square feet. Each shop is equipped with overhead doors, bathrooms, and spray foam insulation. The property also includes an additional 9 acres available for potential future development, bringing the total acreage to 11.
Key Highlights
- Eight newly constructed 40 x 60 commercial shops
- Located on the rapidly growing FM 2590/VFW Road corridor
- Additional 9 acres for potential future development
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$137,779
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,755,580
$2.8M
Cap Rate 7%
$1,968,271
$2.0M
Cap Rate 9%
$1,530,878
$1.5M
Market Conditions
NOI Build-Up for 19,200 SF
Gross rent
$230.4K $12.00/SF
− Vacancy
−$18.4K −$0.96/SF
EGI
$212.0K $11.04/SF
− OpEx
−$74.2K −$3.86/SF
NOI
$137.8K $7.18/SF
Area
Amarillo, TX
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,755,580
Cap Rate 7%
$1,968,271
Cap Rate 9%
$1,530,878
Alternative Uses
Best Use
Flex RnD
$1.97M
$1.72M – $2.30M
NOI $137,779 @ 7.0% cap · market cap 5.30%
Second Best
Industrial
$1.65M
$1.44M – $1.93M
NOI $115,517 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$4.29M
$3.75M – $5.00M
NOI $300,073 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79119, TX
21,147
Population
9,839
Households
2.1
Avg Household Size
37
Median Age
44%
College-Educated
97%
High-School Grad
99.5 sq mi
ZIP Area
213
Density / Sq Mi
$100,546
Median Household Income
$63,728
Median Earnings
$1,217
Median Rent
$335,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Eight commercial shops with expansion potential on 11 acres.
Where is this flex space located?
The property is located at 12177 FM 2590 Amarillo, TX.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Eight newly constructed 40 x 60 commercial shops; Located on the rapidly growing FM 2590/VFW Road corridor; Additional 9 acres for potential future development
