Mixed-Use Property with
For Sale
$670,000
2108 Dakota Trail, Amarillo, TX 79118
Three separate structures combine residential space, garages, and a shop with office and electrical service.
Property Size2,000 SF
Lot Size3.87 Acres
Price / SF$335
Days on Market29
Property Features for 2108 Dakota Trail
General Information
Standard status
Active
Size
2,000 SF
Lot size
3.87 Acres
Property subtype
Commercial
Additional Details
Voltage
220 V
Building Details
Year Built
2014
Listing Agency:
Keller Williams Realty Amarillo
(806) 359-4000
Listed By:
Erin Wilson · License #704418
Source:
Shopamarillohomes
Added: Aug 4
Changed: Aug 30
Last Checked: Aug 30 at 8:12AM
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 Keller Williams Realty Amarillo
Investment Insights
Based on property information with market context.
This mixed-use property at 2108 Dakota Trail includes two residential structures and a detached shop on approximately 3.87 acres. The primary residence offers three bedrooms, two bathrooms, a single-car garage, an RV garage, an open layout, custom cabinetry, 9-foot ceilings, surround sound, a safe room, a jetted tub, spray foam insulation, two water heaters, and handicap accessibility. A gym is also included.
The second residence provides two bedrooms, two bathrooms, a one-car garage, and a carport, along with a semi-open floor plan and private backyard. The 80-by-30-foot shop includes 220 electrical service, an office, and a half bathroom, providing additional enclosed workspace within the property’s three-structure configuration.
The second residence provides two bedrooms, two bathrooms, a one-car garage, and a carport, along with a semi-open floor plan and private backyard. The 80-by-30-foot shop includes 220 electrical service, an office, and a half bathroom, providing additional enclosed workspace within the property’s three-structure configuration.
Key Highlights
- Approximately 3.87 acres at 2108 Dakota Trail, Amarillo, TX 79118‑5154
- Primary residence with 3 bedrooms, 2 bathrooms, single‑car garage, and RV garage
- Second residence includes 2 bedrooms, 2 bathrooms, one‑car garage, and carport
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
$21,600
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
3.22%
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%
$432,000
$432.0K
Cap Rate 7%
$308,571
$308.6K
Cap Rate 9%
$240,000
$240.0K
Market Conditions
NOI Build-Up for 2,000 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
$38.4K $19.20/SF
− Vacancy
−$3.8K −$1.92/SF
EGI
$34.6K $17.28/SF
− OpEx
−$13.0K −$6.48/SF
NOI
$21.6K $10.80/SF
Area
Amarillo, TX
Vacancy
10.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
37.50%
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%
$432,000
Cap Rate 7%
$308,571
Cap Rate 9%
$240,000
Alternative Uses
Best Use
Mixed Use
$308.6K
$270.0K – $360.0K
NOI $21,600 @ 7.0% cap · market cap 3.22%
Second Best
Warehouse
$223.8K
$195.8K – $261.1K
NOI $15,667 @ 7.0% cap · market cap 2.34%
Theoretical Best
Office A
$446.5K
$390.7K – $521.0K
NOI $31,258 @ 7.0% cap · market cap 4.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
Explore this area
Business Placement
Demographics for 79118, TX
27,608
Population
11,116
Households
2.5
Avg Household Size
35
Median Age
25%
College-Educated
92%
High-School Grad
159.4 sq mi
ZIP Area
173
Density / Sq Mi
$87,011
Median Household Income
$44,141
Median Earnings
$1,328
Median Rent
$224,000
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?
Mixed-use property - Three separate structures combine residential space, garages, and a shop with office and electrical service.
Where is this mixed-use property located?
The property is located at 2108 Dakota Trail Amarillo, TX.
What is the asking price?
The asking price for this property is $670,000.
What are key features of this property?
This property features: Approximately 3.87 acres at 2108 Dakota Trail, Amarillo, TX 79118‑5154; Primary residence with 3 bedrooms, 2 bathrooms, single‑car garage, and RV garage; Second residence includes 2 bedrooms, 2 bathrooms, one‑car garage, and carport
