Operating Night Club and
For Sale
$1,250,000
212 6th, Amarillo, TX 79101
Recently redone and operating as a nightlife venue, with a bar and multi-faceted lighting throughout much of the club.
Property Size5,950 SF
Price / SF$210.08
Days on Market1747
Property Features for 212 6th
General Information
Standard status
Active
Size
5,950 SF
Property subtype
General Commercial
Amenities
Central Air
3
Building Details
Year Built
1925
Listing Agency:
French and Co., REALTORS
(806) 356-9086
Listed By:
Paul French · License #0295224
(806) 356-9086
Source:
Xome
Added: Oct 31, 2021
Changed: Aug 8
Last Checked: Aug 11 at 5:47AM
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 French and Co., REALTORS
Investment Insights
Based on property information with market context.
This property is an operating nightlife venue that has been redone for continued business use. It includes a bar area with multi-faceted lighting throughout much of the club, and it is presented as an all-inclusive dance concept. The offering is described as including the name, the building, and most fixtures, with a few items noted as leased.
The property is located at 212 SW 6th in Amarillo, Texas, and the remarks indicate it sits on more than a half city block in the downtown area.
For buyers looking for an established entertainment operator, this asset is positioned as a ready-to-run club and bar with significant in-place improvements and included fixtures as described in the listing remarks.
The property is located at 212 SW 6th in Amarillo, Texas, and the remarks indicate it sits on more than a half city block in the downtown area.
For buyers looking for an established entertainment operator, this asset is positioned as a ready-to-run club and bar with significant in-place improvements and included fixtures as described in the listing remarks.
Key Highlights
- Recently redone and operating nightlife venue with a bar and multi‑faceted lighting throughout much of the club
- Central air cooling
- 3 guest facilities
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
$70,472
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
5.64%
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%
$1,409,440
$1.4M
Cap Rate 7%
$1,006,743
$1.0M
Cap Rate 9%
$783,022
$783.0K
Market Conditions
NOI Build-Up for 5,950 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
$100.0K $16.80/SF
− Vacancy
−$6.0K −$1.01/SF
EGI
$94.0K $15.79/SF
− OpEx
−$23.5K −$3.95/SF
NOI
$70.5K $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%
$1,409,440
Cap Rate 7%
$1,006,743
Cap Rate 9%
$783,022
Alternative Uses
Best Use
Specialty Retail
$1.01M
$880.9K – $1.17M
NOI $70,472 @ 7.0% cap · market cap 5.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,991 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
906
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79101, TX
2,307
Population
1,309
Households
1.8
Avg Household Size
51
Median Age
15%
College-Educated
81%
High-School Grad
1.6 sq mi
ZIP Area
1,442
Density / Sq Mi
$40,313
Median Household Income
$36,409
Median Earnings
$898
Median Rent
$152,300
Median Home Value
Questions? Ask Rey
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Night club - Recently redone and operating as a nightlife venue, with a bar and multi-faceted lighting throughout much of the club.
Where is this night club located?
The property is located at 212 6th Amarillo, TX.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Recently redone and operating nightlife venue with a bar and multi‑faceted lighting throughout much of the club; Central air cooling; 3 guest facilities
