New Flex Space with
New
For Sale
$925,000
13150 S Coulter Street, Amarillo, TX 79119
COMMERCIAL - Amarillo, TX
Property Size4,500 SF
Price / SF$205.56
Days on Market1
Property Features for 13150 S Coulter Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
6000 - All areas in the 6000's
Directions
I-27 S/US-60 W/US-87 S to Canyon Dr/Interstate Hwy 27. Take exit 113 from I-27 S/US-60 W/US-87 S Continue on Canyon Dr/Interstate Hwy 27. Drive to W McCormick Rd Turn right onto Coulter.
Subdivision
6000 - S & W of Randall
Standard status
Active
Size
4,500 SF
Taxes and HOA fees
Tax Description
HAMILTON ACRES # 2, LOT 019, BLK 0001, 1.0100 ACRES
Legal Description
HAMILTON ACRES # 2, LOT 019, BLK 0001, 1.0100 ACRES
Amenities
reception space
private offices
conference room
break area
restroom
Building Details
Year built
2024
Listing Agency:
Keller Williams Realty Amarillo
(806) 359-4000
Listed By:
Bobby Tyler · License #690582
(806) 359-4000
Added: Aug 6
Last Checked: Aug 6 at 3:06PM
MLS# 26-6297
Copyright © 2026 Amarillo Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Completed in 2024, this 4,500-square-foot flex property combines a finished office component with functional warehouse space. The office layout includes a reception area, two private offices, a conference room, break area, and restroom. Industrial features include three automatic overhead doors measuring 14' x 12', sidewall heights ranging from 15 to 17 feet, and a separate warehouse restroom.
The property fronts Coulter Street and Jackelope, with access to I-27 and FM 2590. A concrete parking lot serves the building, while asphalt side yards provide additional areas for storage, circulation, or equipment staging.
The property fronts Coulter Street and Jackelope, with access to I-27 and FM 2590. A concrete parking lot serves the building, while asphalt side yards provide additional areas for storage, circulation, or equipment staging.
Key Highlights
- 4,500‑square‑foot flex property completed in 2024
- Three 14' x 12' overhead doors with automatic openers
- Warehouse sidewall heights range from 15 to 17 feet
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
$51,638
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
5.58%
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%
$1,032,760
$1.0M
Cap Rate 7%
$737,686
$737.7K
Cap Rate 9%
$573,756
$573.8K
Market Conditions
NOI Build-Up for 4,500 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
$81.0K $18.00/SF
− Vacancy
−$12.2K −$2.70/SF
EGI
$68.9K $15.30/SF
− OpEx
−$17.2K −$3.82/SF
NOI
$51.6K $11.48/SF
Area
Amarillo, TX
Vacancy
15.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,032,760
Cap Rate 7%
$737,686
Cap Rate 9%
$573,756
Alternative Uses
Best Use
Office B
$737.7K
$645.5K – $860.6K
NOI $51,638 @ 7.0% cap · market cap 5.58%
Second Best
Warehouse
$503.6K
$440.6K – $587.5K
NOI $35,251 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$1.00M
$879.1K – $1.17M
NOI $70,330 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
17 ft
Clear height
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
Under-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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Newly constructed flex space combines finished offices with warehouse and exterior staging areas.
Where is this flex space located?
The property is located at 13150 S Coulter Street Amarillo, TX.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 4,500‑square‑foot flex property completed in 2024; Three 14' x 12' overhead doors with automatic openers; Warehouse sidewall heights range from 15 to 17 feet
