New Flex Space with Overhead
New
For Sale
$925,000
13150 S Coulter Street, Amarillo, TX 79119
Newly built facility combines finished office areas with warehouse space, overhead doors, and exterior areas for parking and staging.
Property Size4,500 SF
Price / SF$205.56
Days on Market3
Property Features for 13150 S Coulter Street
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Amenities
conference room
break area
Building Details
Year Built
2024
Listing Agency:
Keller Williams Realty Amarillo
(806) 676-7709
Listed By:
Bobby Tyler · License #690582
Source:
Shopamarillohomes
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 9 at 4:58AM
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
Investment Insights
Based on property information with market context.
Completed in 2024, this flex facility combines a finished office component with warehouse space. The office layout includes a reception area, two private offices, a conference room, break area, and restroom. Industrial-style finishes are incorporated throughout the office area, while the warehouse has a separate restroom and three overhead doors measuring 14' x 12' with automatic openers. Sidewall heights range from 15 to 17 feet.
The property is located at 13150 S Coulter Street in Amarillo, with frontage along Coulter Street and Jackelope. Access is available to I-27 and FM 2590. A concrete parking area serves the building, and asphalt side yards provide space for storage, circulation, or equipment staging.
The property is located at 13150 S Coulter Street in Amarillo, with frontage along Coulter Street and Jackelope. Access is available to I-27 and FM 2590. A concrete parking area serves the building, and asphalt side yards provide space for storage, circulation, or equipment staging.
Key Highlights
- 2024 construction with office and warehouse components
- 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
Current Use
Lease Details
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 built facility combines finished office areas with warehouse space, overhead doors, and exterior areas for parking and staging.
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: 2024 construction with office and warehouse components; Three 14' x 12' overhead doors with automatic openers; Warehouse sidewall heights range from 15 to 17 feet
