Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2628 SW 34th Ave Amarillo, TX 79109

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    High-traffic shopping center with units available for rent.

    Type:Retail
    Property size:
    3,000 SF
    Added:
    Dec 22, 2023
    Days on Market:
    855
    Last Refresh:
    Mar 17 at 1:20 pm

    Property Features for 2628 SW 34th Ave

    General Information

    Standard status
    Active
    Size
    3,000 SF
    Property subtype
    Retail

    Spaces For Lease

    at 2628 SW 34th Ave Contact us

    Unit 2638 $12 /Mo

    Size
    2,213 SF
    Type
    Retail
    Contact us

    Unit 2644 $12 /Mo

    Size
    1,875 SF
    Type
    Retail
    Contact us

    Unit 2646 $12 /Mo

    Size
    1,900 SF
    Type
    Retail
    Discover a prime business opportunity at Coronado Shopping Center with this vacant...
    show more
    Contact us

    Unit 3303 $12 /Mo

    Size
    2,750 SF
    Type
    Retail
    Discover a prime business opportunity at Coronado Shopping Center with this vacant...
    show more
    Contact us

    Unit 3325-1 $20 /Mo

    Size
    1,500 SF
    Type
    Retail
    Contact us

    3310 Wimberly $22 /Mo

    Size
    2,475 SF
    Type
    Retail
    Contact us
    Show more

    We can help!

    Listing Contact
    Taylor Wellborn, CCIM, ALC

    Listing agent Taylor Wellborn, CCIM, ALC License #TX 640135

    Listing office Taylor Wellborn

    Listing date Dec 22, 2023

    Source Crexi

    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 Taylor Wellborn

    Overview

    Prime Retail Space in Amarillo

    Coronado Shopping Center is a commercial property located at the intersection of 34th and Georgia in Amarillo, offering convenient access to I-40 and I-27. The center currently has six units available for rent, ranging in size from 1,400 to 3,000 square feet. The location benefits from high traffic volume, with approximately 30,000 cars per day on Georgia Street and 14,000 cars per day on 34th Street. This shopping center is suitable for businesses seeking visibility and connectivity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • The Shops@34th — 3405 S Western St, Amarillo, TX 79109
    • Spanish Crossroads — 3415 Bell St, Amarillo, TX 79109
    • Best Plaza — 4310 S Western St suite v, Amarillo, TX 79109
    • Coin Cloud Bitcoin ATM — 3365 Bell St, Amarillo, TX 79106, United States
    • Coin Cloud Bitcoin ATM — 4224 SW 34th Ave, Amarillo, TX 79109, United States

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -101.865061
    Latitude
    35.1791111

    Nearby Similar for Lease

    • $2,058/Mo

      Well-Appointed Office Space Near Downtown

      Efficient office space suitable for professional services, near downtown.
      321 SW 7TH Avenue, Amarillo, TX 79101-2207
      View Details
    • $1,500/Mo

      Professional Office Space Available Now

      Versatile office space with private offices, reception, and breakroom.
      2920 Duniven Circle unit: A, Amarillo, TX 79109
      View Details
    • $1,200/Mo

      Shop and Office Space

      Commercial space for shop and office use on corner lot.
      2621 W AMARILLO Boulevard, Amarillo, TX 79106
      View Details
    • $2,600/Mo

      Remodeled Office Space on I-40

      Remodeled office suite with five offices, storage, and restroom.
      6601 W INTERSTATE 40 unit: 100, Amarillo, TX 79106-2651
      View Details
    • $1,500/Mo

      New Retail Space For Lease

      New retail spaces available for lease in Amarillo, Texas.
      5808 E Amarillo Boulevard unit: 1, Amarillo, TX 79107
      View Details
    • $1,500/Mo

      Retail Space in Amarillo, TX

      New retail spaces available for lease in Amarillo, Texas.
      5808 E AMARILLO Boulevard unit: 3, Amarillo, TX 79107
      View Details
    • $4 SF/Yr

      Warehouse with Updated Office Space

      Versatile warehouse space with updated offices and dock high doors.
      512 NE 2nd Avenue, Amarillo, TX 79107
      View Details
    • $7,500/Mo

      Versatile Commercial Space in Amarillo

      Commercial space for lease with offices, kitchen, and warehouse.
      2801 DUNIVEN Circle, Amarillo, TX 79109
      View Details
    • $1,500/Mo

      New Retail Space For Lease

      Three retail spaces available for lease in Amarillo, Texas.
      5808 E AMARILLO Boulevard unit: 2, Amarillo, TX 79107
      View Details
    • $2,750/Mo

      Retail Space in High-Traffic Area

      Retail space ready for barbershop/hair salon in high-traffic area.
      14915 FM 2590 (Soncy), Amarillo, TX 79119-9805
      View Details
    • $2,700/Mo

      Functional Shop Space in Amarillo

      Versatile shop space with offices and overhead doors for lease.
      9801 S FM 1541 unit: A, Amarillo, TX 79118-6021
      View Details
    • $12 SF/Yr

      Coronado Shopping Center Retail Space

      Prime commercial space in high-traffic Amarillo shopping center.
      2628 SW 34th Avenue, Amarillo, TX 79109
      View Details

    FAQs

    What type of property is this?
    Shopping center - High-traffic shopping center with units available for rent.
    Where is this shopping center located?
    The property is located at 2628 SW 34th Ave Amarillo, TX.
    What are key features of this property?
    This property features: Prime central location at the intersection of 34th & Georgia in Amarillo.; High traffic counts: 30,000 cars per day on Georgia Street and 14,000 cars per day on 34th Street.; Easy access to I‑40 and I‑27.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Taylor Wellborn, CCIM, ALC
    Real Estate License ID: TX 640135
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!