Industrial Warehouse with Dock
For Sale
$5,500,000
14501 Nogo St, Amarillo, TX 79119
Warehouse facility offers dock-height and grade-level doors plus 5,000 sq ft of office space.
Property Size78,172 SF
Price / SF$70.36
Days on Market48
Property Features for 14501 Nogo St
General Information
Standard status
Active
Size
78,172 SF
Property subtype
Industrial - Warehouse/Distribution
Warehouse & Industrial
Dock-High Doors
4
Drive-In Doors
10
Building Details
Building Size
78,172 SF
Year Built
1998
Listing Agency:
Coldwell Banker Commercial First Equity
(806) 468-4899
Listed By:
Jared Duncan
Source:
Commercialcafe
Added: Jul 13
Changed: Aug 19
Last Checked: Aug 29 at 6:12AM
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 Coldwell Banker Commercial First Equity
Investment Insights
Based on property information with market context.
This industrial warehouse/distribution facility totals 78,172 sq ft, with a 73,972 sq ft main building that includes 5,000 sq ft of office space and the remaining heated warehouse area. In addition, the property features a further 4,200 sq ft ground-level warehouse.
The facility includes four dock-height doors and ten grade-level doors, supporting a variety of receiving and loading needs within the warehouse layout.
The combination of office space and heated warehouse area, along with the additional ground-level warehouse, provides multiple functional zones within a single industrial property.
The facility includes four dock-height doors and ten grade-level doors, supporting a variety of receiving and loading needs within the warehouse layout.
The combination of office space and heated warehouse area, along with the additional ground-level warehouse, provides multiple functional zones within a single industrial property.
Key Highlights
- Total warehouse facility size: 78,172 SF
- Includes 73,972 SF main building with 5,000 SF office space
- Main building features heated warehouse space in addition to the office area
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
$470,322
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
8.55%
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%
$9,406,440
$9.4M
Cap Rate 7%
$6,718,886
$6.7M
Cap Rate 9%
$5,225,800
$5.2M
Market Conditions
NOI Build-Up for 78,172 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
$703.5K $9.00/SF
− Vacancy
−$31.7K −$0.41/SF
EGI
$671.9K $8.59/SF
− OpEx
−$201.6K −$2.58/SF
NOI
$470.3K $6.02/SF
Area
Amarillo, TX
Vacancy
4.50%
Lease Rate
$9.00 /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%
$9,406,440
Cap Rate 7%
$6,718,886
Cap Rate 9%
$5,225,800
Alternative Uses
Best Use
Warehouse
$8.75M
$7.65M – $10.21M
NOI $612,368 @ 7.0% cap · market cap 11.13%
Second Best
Industrial
$6.72M
$5.88M – $7.84M
NOI $470,322 @ 7.0% cap · market cap 8.55%
Theoretical Best
Office A
$17.45M
$15.27M – $20.36M
NOI $1,221,735 @ 7.0% cap · market cap 22.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Dock-high doors
10
Drive-in doors
Location Intelligence
Trade Area within ½ mile
57
Businesses Nearby
Well-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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse facility offers dock-height and grade-level doors plus 5,000 sq ft of office space.
Where is this warehouse located?
The property is located at 14501 Nogo St Amarillo, TX.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Total warehouse facility size: 78,172 SF; Includes 73,972 SF main building with 5,000 SF office space; Main building features heated warehouse space in addition to the office area
