Retail and Automotive Service
1700 S Nelson St Amarillo, TX 79103
For Sale
Contact for pricing
Fronting an Interstate frontage road, this property includes a retail and auto shop with a billboard on-site.
Property Size1,624 SF
Lot Size0.52 Acres
Price / SF$400.25
Days on Market45
Property Features for 1700 S Nelson St
General Information
- Standard status
- Active
- Size
- 1,624 SF
- Lot size
- 0.52 Acres
- Property subtype
- RETAIL
Listing Agency:
Llano Real Estate Group
(806) 681-1323
Listed By:
Deeter Prater
Source:
Moodyscre
Added: Jun 9
Changed: Jul 22
Last Checked: Jul 22 at 10:52PM
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 Llano Real Estate Group
Investment Insights
Based on property information with market context.
This property at 1700 S Nelson Street includes a 1,624-square-foot retail and automotive shop on a 0.52-acre site. The facility was formerly operated as a Chevron service station and Interstate Car Care, and it features a 2020 roof replacement. A structural advertising billboard remains on the property, creating on-site advertising income.
The building directly fronts the Interstate 40 frontage road near Nelson Street. The location is described as having daily traffic over 33,600 vehicles per day along the primary Interstate 40 commercial corridor.
The site is zoned General Retail (GR). The current and past use includes auto repair and service station activity, with the property positioned for continued automotive service and other general retail-oriented concepts consistent with the GR zoning.
The building directly fronts the Interstate 40 frontage road near Nelson Street. The location is described as having daily traffic over 33,600 vehicles per day along the primary Interstate 40 commercial corridor.
The site is zoned General Retail (GR). The current and past use includes auto repair and service station activity, with the property positioned for continued automotive service and other general retail-oriented concepts consistent with the GR zoning.
Key Highlights
- 0.52‑acre commercial property at 1700 S Nelson St in Amarillo, TX with 1,624 SF retail and automotive shop
- Directly fronts the I‑40 frontage road near Nelson St for high traffic exposure (33,600+ vehicles per day along I‑40 corridor)
- New roof installed in 2020
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.3k | $16.80 |
| − Vacancy | −$1.6k | −$1.01 |
| EGI | $25.6k | $15.79 |
| − OpEx | −$6.4k | −$3.95 |
| NOI | $19.2k | $11.84 |
1,624 SF · lease $16.80/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$274.8K
$240.4K – $320.6K
NOI $19,235 @ 7.0% cap · market cap 2.96%
Second Best
Retail
$224.1K
$196.1K – $261.5K
NOI $15,688 @ 7.0% cap · market cap 2.41%
Theoretical Best
Office A
$362.6K
$317.3K – $423.0K
NOI $25,381 @ 7.0% cap · market cap 3.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Gas stations
FAQs
What type of property is this?
Gas station - Fronting an Interstate frontage road, this property includes a retail and auto shop with a billboard on-site.
Where is this gas station located?
The property is located at 1700 S Nelson St Amarillo, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 0.52‑acre commercial property at 1700 S Nelson St in Amarillo, TX with 1,624 SF retail and automotive shop; Directly fronts the I‑40 frontage road near Nelson St for high traffic exposure (33,600+ vehicles per day along I‑40 corridor); New roof installed in 2020
