Retail and Automotive Service
For Sale
Contact for pricing
1700 S Nelson St, Amarillo, TX 79103
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 Market92
Property Features for 1700 S Nelson St
General Information
Standard status
Active
Size
1,624 SF
Lot size
0.52 Acres
Property subtype
RETAIL
Zoning
GR
Site & Location
Traffic Count
33,600 vehicles/day
Highway Access
Yes
Road Access
Yes
Listing Agency:
Llano Real Estate Group
(806) 392-9912
Listed By:
Deeter Prater · License #822851
(806) 681-1323
Source:
Moodyscre
Added: Jun 9
Changed: Aug 23
Last Checked: Sep 7 at 10:42AM
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
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
$19,235
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
2.96%
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%
$384,700
$384.7K
Cap Rate 7%
$274,786
$274.8K
Cap Rate 9%
$213,722
$213.7K
Market Conditions
NOI Build-Up for 1,624 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
$27.3K $16.80/SF
− Vacancy
−$1.6K −$1.01/SF
EGI
$25.6K $15.79/SF
− OpEx
−$6.4K −$3.95/SF
NOI
$19.2K $11.84/SF
Area
Amarillo, TX
Vacancy
6.00%
Lease Rate
$16.80 /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%
$384,700
Cap Rate 7%
$274,786
Cap Rate 9%
$213,722
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
33,600 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
604
Businesses Nearby
Explore this area
Business Placement
Demographics for 79103, TX
10,532
Population
3,784
Households
2.8
Avg Household Size
34
Median Age
13%
College-Educated
80%
High-School Grad
4.3 sq mi
ZIP Area
2,449
Density / Sq Mi
$55,885
Median Household Income
$35,862
Median Earnings
$1,197
Median Rent
$123,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
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
