12177 FM 2590 Amarillo, TX 79119
Eight commercial shops with expansion potential on 11 acres.
Property Features for 12177 FM 2590
General Information
- Standard status
- Active
- Size
- 19,200 SF
- Lot size
- 9.00 Acres
- Property subtype
- Industrial
Listing office KW Commercial (806) 676-7709
Listing date Sep 12, 2024
Source Crexi
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Investment Insights
Based on property information with market context.
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
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $230.4k | $12.00 |
| − Vacancy | −$18.4k | −$0.96 |
| EGI | $212.0k | $11.04 |
| − OpEx | −$74.2k | −$3.86 |
| NOI | $137.8k | $7.18 |
