Multi-Use Retail
For Sale
Contact for pricing
10300 W Interstate 40, Amarillo, TX 79124
Multi-use retail building with heated/cooled showroom and office space, plus multiple dock and grade-level delivery doors.
Property Size50,790 SF
Lot Size6.46 Acres
Price / SF$156.53
Days on Market882
Property Features for 10300 W Interstate 40
General Information
Standard status
Active
Size
50,790 SF
Lot size
6.46 Acres
Property subtype
RETAIL
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Dock-High Doors
2
Drive-In Doors
2
Sprinkler System
Yes
Amenities
security lighting
security cameras
Building Details
Construction
concrete tilt wall with brick and steel framing
Listing Agency:
Gaut Whittenburg Emerson CRE
(806) 373-3111
Listed By:
Ben Whittenburg · License #SA664767000
Source:
Moodyscre
Added: Apr 17, 2024
Changed: Sep 12
Last Checked: Sep 14 at 8:14AM
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 Gaut Whittenburg Emerson CRE
Investment Insights
Based on property information with market context.
This multi-use retail building is currently operating as Camping World Amarillo and is laid out with showroom and office areas that are 100% heated and cooled by roof-mounted HVAC units. The storage area includes forced air heating. Deliveries can be handled through two dock doors or two grade level doors.
The property is constructed with concrete tilt wall and brick with steel framing. It is supported by well and septic services and includes a large water holding tank for the overhead fire suppression system. Outside, there is ample parking along with a fenced outside storage area, security lighting, and security cameras throughout.
The offering includes a substantial site with fenced storage and flexible building access, supporting a range of retail and service uses beyond the current operating configuration.
The property is constructed with concrete tilt wall and brick with steel framing. It is supported by well and septic services and includes a large water holding tank for the overhead fire suppression system. Outside, there is ample parking along with a fenced outside storage area, security lighting, and security cameras throughout.
The offering includes a substantial site with fenced storage and flexible building access, supporting a range of retail and service uses beyond the current operating configuration.
Key Highlights
- 50,790 SF multi‑use retail building on 6.46 acres, currently operating as Camping World Amarillo
- Heated and cooled showroom and office areas with roof‑mounted HVAC; storage has forced air heating
- Delivery access through (2) dock doors or (2) grade level doors
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
$490,631
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
6.17%
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%
$9,812,620
$9.8M
Cap Rate 7%
$7,009,014
$7.0M
Cap Rate 9%
$5,451,456
$5.5M
Market Conditions
NOI Build-Up for 50,790 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
$761.9K $15.00/SF
− Vacancy
−$60.9K −$1.20/SF
EGI
$700.9K $13.80/SF
− OpEx
−$210.3K −$4.14/SF
NOI
$490.6K $9.66/SF
Area
Amarillo, TX
Vacancy
8.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$9,812,620
Cap Rate 7%
$7,009,014
Cap Rate 9%
$5,451,456
Alternative Uses
Best Use
Retail
$7.01M
$6.13M – $8.18M
NOI $490,631 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.34M
$9.92M – $13.23M
NOI $793,787 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Dock-high doors
2
Drive-in doors
Yes
Sprinkler system
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
52
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Multi-use retail building with heated/cooled showroom and office space, plus multiple dock and grade-level delivery doors.
Where is this retail space located?
The property is located at 10300 W Interstate 40 Amarillo, TX.
What is the asking price?
The asking price for this property is $7,950,000.
What are key features of this property?
This property features: 50,790 SF multi‑use retail building on 6.46 acres, currently operating as Camping World Amarillo; Heated and cooled showroom and office areas with roof‑mounted HVAC; storage has forced air heating; Delivery access through (2) dock doors or (2) grade level doors
