Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Established Amarillo Shopping Center Space Title is generated by Realmo AI

    2803 Civic Circle, Amarillo, TX 79109

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime location near I-40 suitable for retail or medical.

    Type:SCR, SCR-CON
    Added:
    Jan 3, 2022
    Days on Market:
    1603
    Last Refresh:
    Apr 3 at 4:55 am

    Property Features for 2803 Civic Circle

    General Information

    Standard status
    Active
    Property subtype
    SCR, SCR-CON

    Building Details

    Year Built
    1960

    Spaces For Lease

    at 2803 Civic Circle Contact us

    We can help!

    Listing Contact
    Holly Coats, CPA, CCIM
    Holly Coats, CPA, CCIM

    Listing agent Holly Coats, CPA, CCIM License #606152, TEXAS

    Listing office Keller Williams Realty-Amarillo

    Listing date Jan 3, 2022

    Source Realnex

    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 Keller Williams Realty-Amarillo

    HighLights

    • Prime location in the heart of Amarillo, TX.
    • High‑traffic location: one block south of I‑40 with a population of more than 12,000 within a mile.
    • General Retail zoning suits medical offices, restaurants, retail stores, or service centers.
    • Well‑established shopping plaza with established tenants including 575 Pizzeria and Circle N Appliance.
    • Ample parking available.
    • Available lease terms of 3 to 5 years at $12/sqft/yr.

    Overview

    Located in the heart of Amarillo, Texas, this well-established shopping plaza offers spaces for lease at $12 per square foot per year. The property is conveniently situated one block south of I-40. Lease terms of 3 to 5 years are available. Zoned for General Retail, the property is suitable for various uses, including medical offices, restaurants, retail stores, or service centers. The shopping center provides ample parking and is home to established tenants, such as 575 Pizzeria, Circle N Appliance, a beauty salon, and a barber school. With a population exceeding 12,000 within a mile, the location presents optimal demographics for both new and established businesses. The shopping center is near one of the most affluent neighborhoods in Amarillo and also features consignment furniture and clothing boutiques.
    Property Profile Location Intelligence

    Current Use by Public Records

    575 Pizzeria Restaurant E'FA Attic Insulation ... Roofing Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Wolflin Village — 2327 S Georgia St, Amarillo, TX 79109
    • Wolflin Square — 1932 Civic Cir, Amarillo, TX 79109
    • Wolflin Village — 2001-2301 S Georgia St, Amarillo, TX 79109
    • Coinstar Kiosk - Bitcoin ATM — 2530 S Georgia St Albertsons, Amarillo, TX 79109
    • Coin Cloud Bitcoin ATM — 2601 Paramount Blvd, Amarillo, TX 79109, United States

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -101.8689253
    Latitude
    35.1911267

    Nearby Similar for Lease

    • $2,500/Mo

      Coronado Shopping Center Retail Space

      Prime commercial space in high-traffic Amarillo shopping center.
      3325 S Georgia Street, Amarillo, TX 79109
      View Details
    • $5,400/Mo

      Prime Retail Space Near University

      High-traffic location ideal for retail, restaurant, or service businesses.
      3404 4th Avenue, Amarillo, TX 79015
      View Details
    • $1,900/Mo

      Coronado Shopping Center Retail Space

      Prime commercial space with high visibility and connectivity in Amarillo.
      2646 SW 34th Avenue, Amarillo, TX 79109
      View Details
    • $4,538/Mo

      Prime Commercial Space in Amarillo

      High-traffic shopping center with available units for rent.
      3310 Wimberly Road, Amarillo, TX 79109
      View Details
    • $1,633/Mo

      Amarillo Commercial Space For Rent

      Commercial space available in high-traffic Amarillo shopping center.
      3305 Wimberly Road, Amarillo, TX 79109
      View Details
    • $1,575/Mo

      High-Traffic Shopping Center Location

      Prime commercial space with excellent visibility and connectivity in Amarillo.
      3303 Wimberly Road, Amarillo, TX 79109
      View Details
    • $2,188/Mo

      Prime Commercial Space in Amarillo

      High-traffic shopping center with excellent visibility and connectivity.
      2644 SW 34th Avenue, Amarillo, TX 79109
      View Details
    • $1,707/Mo

      Prime Retail Space in Amarillo

      Commercial space in a dynamic shopping center off Amarillo Blvd.
      819 Martin Road, Amarillo, TX 79107
      View Details
    • $2,058/Mo

      Well-Appointed Office Space Near Downtown

      Efficient office space suitable for professional services, near downtown.
      321 SW 7TH Avenue, Amarillo, TX 79101-2207
      View Details
    • $2,494/Mo

      Prime Retail Space in Amarillo

      Premier shopping center space off Western St. in Amarillo, TX.
      3101 S Western Street, Amarillo, TX 79109
      View Details
    • $1,500/Mo
      1,500 SF

      New Retail Space For Lease

      New retail spaces available for lease in Amarillo, Texas.
      5808 E Amarillo Boulevard, Amarillo, TX 79107
      View Details
    • $2,750/Mo

      Retail Space in High-Traffic Area

      Retail space ready for barbershop/hair salon in high-traffic area.
      14915 FM 2590 (Soncy), Amarillo, TX 79119-9805
      View Details

    FAQs

    What type of property is this?
    Shopping center - Prime location near I-40 suitable for retail or medical.
    Where is this shopping center located?
    The property is located at 2803 Civic Circle Amarillo, TX.
    What are key features of this property?
    This property features: Prime location in the heart of Amarillo, TX.; High‑traffic location: one block south of I‑40 with a population of more than 12,000 within a mile.; General Retail zoning suits medical offices, restaurants, retail stores, or service centers.
    (806) 683-1330
    We can help!
    Listing Contact
    Holly Coats, CPA, CCIM
    Holly Coats, CPA, CCIM
    Real Estate License ID: 606152, TEXAS
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2803 Civic Circle, Amarillo, TX 79109
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!