Industrial Warehouse with Interstate
For Sale
$1,299,480
18100 W Interstate 40, Amarillo, TX 79124
Fully improved warehouse and flex facility with loading docks, soaring ceilings, multiple restrooms, and direct I-40 exposure.
Property Size15,288 SF
Lot Size2.50 Acres
Price / SF$85
Days on Market49
Property Features for 18100 W Interstate 40
General Information
Standard status
Active
Size
15,288 SF
Lot size
2.50 Acres
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Year Built
2019
Listing Agency:
Capitol Peak Realty
Listed By:
Shelby Massey · License #0634719
(806) 513-7299
Source:
Shopamarillohomes
Added: Jul 20
Changed: Aug 28
Last Checked: Aug 22 at 7:10AM
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 Capitol Peak Realty
Investment Insights
Based on property information with market context.
This fully improved multi-purpose warehouse and flex facility offers over 15,000 square feet of commercial space with soaring ceilings, professional lighting, multiple restrooms, and flexible open-concept interiors. Improvements include commercial-grade infrastructure, finished restrooms, track lighting, and loading access with loading docks. The site also includes expansive parking to support day-to-day operations.
The property is positioned directly along Interstate 40 just west of Amarillo, with direct interstate exposure and strong visibility. It is described as easily accessible from Amarillo, Canyon, Bushland, and surrounding communities, with ingress and egress designed to support regular traffic flow.
The building is described as originally designed as a destination retail and event venue, and it may be adaptable for a range of commercial and institutional uses based on the existing layout and infrastructure.
The property is positioned directly along Interstate 40 just west of Amarillo, with direct interstate exposure and strong visibility. It is described as easily accessible from Amarillo, Canyon, Bushland, and surrounding communities, with ingress and egress designed to support regular traffic flow.
The building is described as originally designed as a destination retail and event venue, and it may be adaptable for a range of commercial and institutional uses based on the existing layout and infrastructure.
Key Highlights
- Direct I‑40 frontage commercial property positioned west of Amarillo for high‑visibility access
- Approximately 2.5‑acre site with over 15,000 SF of modern commercial space and flexible interior layouts
- Loading docks and loading access included, supporting distribution, manufacturing, or light industrial use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$109,707
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,194,140
$2.2M
Cap Rate 7%
$1,567,243
$1.6M
Cap Rate 9%
$1,218,967
$1.2M
Market Conditions
NOI Build-Up for 15,288 SF
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.
Gross rent
$183.5K $12.00/SF
− Vacancy
−$14.7K −$0.96/SF
EGI
$168.8K $11.04/SF
− OpEx
−$59.1K −$3.86/SF
NOI
$109.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,194,140
Cap Rate 7%
$1,567,243
Cap Rate 9%
$1,218,967
Alternative Uses
Best Use
Warehouse
$1.71M
$1.50M – $2.00M
NOI $119,760 @ 7.0% cap · market cap 9.22%
Second Best
Flex RnD
$1.57M
$1.37M – $1.83M
NOI $109,707 @ 7.0% cap · market cap 8.44%
Theoretical Best
Office A
$3.41M
$2.99M – $3.98M
NOI $238,933 @ 7.0% cap · market cap 18.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79124, TX
11,585
Population
4,676
Households
2.5
Avg Household Size
45
Median Age
39%
College-Educated
94%
High-School Grad
181.2 sq mi
ZIP Area
64
Density / Sq Mi
$110,144
Median Household Income
$64,296
Median Earnings
$1,158
Median Rent
$325,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Fully improved warehouse and flex facility with loading docks, soaring ceilings, multiple restrooms, and direct I-40 exposure.
Where is this flex space located?
The property is located at 18100 W Interstate 40 Amarillo, TX.
What is the asking price?
The asking price for this property is $1,299,480.
What are key features of this property?
This property features: Direct I‑40 frontage commercial property positioned west of Amarillo for high‑visibility access; Approximately 2.5‑acre site with over 15,000 SF of modern commercial space and flexible interior layouts; Loading docks and loading access included, supporting distribution, manufacturing, or light industrial use
