Spacious Warehouse in Amarillo,
For Sale
Contact for pricing
1802 SE 22nd Ave, Amarillo, TX 79103
Versatile 4,800 sqft warehouse suitable for various industrial uses.
Property Size4,800 SF
Price / SF$115
Days on Market728
Property Features for 1802 SE 22nd Ave
General Information
Standard status
Active
Size
4,800 SF
Class
B
Property subtype
Industrial
Zoning
HC - Heavy Commercial
Investment Type
Owner/User
Building Details
Year Built
2022
Year Renovated
2022
Buildings
1
Stories
1
Units
1
Listing Agency:
Capitol Peak Realty
(806) 513-7299
Listed By:
Shelby Massey · License #TX 0634719
Source:
Crexi
Added: Sep 4, 2024
Changed: Aug 8
Last Checked: Aug 31 at 6:15AM
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 Capitol Peak Realty
Investment Insights
Based on property information with market context.
This warehouse, situated in Amarillo, Texas, provides approximately 4,800 sqft of adaptable space suitable for storage, distribution, manufacturing, and other industrial applications. Its location offers accessibility to major transportation routes, facilitating deliveries and freight services. The warehouse features high ceilings, large roll-up doors, and a concrete floor. Essential utilities, including electricity, water, and sewer connections, are available. On-site parking is provided. The premises are secured with fencing and lighting.
Key Highlights
- 4,800 sqft of open, flexible warehouse space suitable for various industrial uses.
- Convenient location near major transportation routes for easy accessibility.
- Equipped with high ceilings, large roll‑up doors, and sturdy concrete floor.
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
$37,601
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
6.81%
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%
$752,020
$752.0K
Cap Rate 7%
$537,157
$537.2K
Cap Rate 9%
$417,789
$417.8K
Market Conditions
NOI Build-Up for 4,800 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
$46.1K $9.60/SF
− Vacancy
−$1.8K −$0.38/SF
EGI
$44.2K $9.22/SF
− OpEx
−$6.6K −$1.38/SF
NOI
$37.6K $7.83/SF
Area
Amarillo, TX
Vacancy
4.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
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%
$752,020
Cap Rate 7%
$537,157
Cap Rate 9%
$417,789
Alternative Uses
Best Use
Warehouse
$537.2K
$470.0K – $626.7K
NOI $37,601 @ 7.0% cap · market cap 6.81%
Second Best
Industrial
$412.6K
$361.0K – $481.3K
NOI $28,879 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$1.07M
$937.7K – $1.25M
NOI $75,018 @ 7.0% cap · market cap 13.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
359
Businesses Nearby
Balanced
Demand for This Use
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 Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- SecurCare Self Storage — 1500 SE 34th Ave, Amarillo, TX 79118
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- Ross Self Storage — 1925 SE 13th Ave, Amarillo, TX 79102
Frequently Asked Questions
What type of property is this?
Warehouse - Versatile 4,800 sqft warehouse suitable for various industrial uses.
Where is this warehouse located?
The property is located at 1802 SE 22nd Ave Amarillo, TX.
What is the asking price?
The asking price for this property is $552,000.
What are key features of this property?
This property features: 4,800 sqft of open, flexible warehouse space suitable for various industrial uses.; Convenient location near major transportation routes for easy accessibility.; Equipped with **high ceilings, large roll‑up doors, and sturdy concrete floor.**
