Burger Barrel
New
For Sale
$100,000
3102 PLAINS Boulevard, Amarillo, TX 79102
Commercial Sale, Amarillo, TX
Property Size325 SF
Price / SF$307.69
Days on Market3
Property Features for 3102 PLAINS Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
0100 - NW Amarillo in City Limits
Parking features
Parking Lot
Directions
Head east on Plains BLVD after Western, property is on your left.
Subdivision
0103 - Sunset/Westlawn
Standard status
Active
APN
213662
Size
325 SF
Taxes and HOA fees
Tax Description
SECT 226 A B & M BLK 0002, TRIANGULAR TR BEG 516FT S & 1631.27FT SW & 20.15FT SE OF NE COR OF SECT, 0.0500 ACRES
Legal Description
SECT 226 A B & M BLK 0002, TRIANGULAR TR BEG 516FT S & 1631.27FT SW & 20.15FT SE OF NE COR OF SECT, 0.0500 ACRES
Building Details
Year built
1951
Listing Agency:
Lyons Realty
Listed By:
Camryn Thompson
(806) 358-3900
Added: Sep 3
Last Checked: Sep 4 at 11:06PM
MLS# 26-7117
Copyright © 2026 Amarillo Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property includes a 325-square-foot restaurant building constructed in 1951. It is being offered in its existing as-is condition and includes a dedicated parking lot.
Located at 3102 Plains Boulevard in Amarillo, the property occupies a recognized local restaurant site. The Burger Barrel name is associated with the property, and the offering provides a compact commercial restaurant asset with an established physical location.
Located at 3102 Plains Boulevard in Amarillo, the property occupies a recognized local restaurant site. The Burger Barrel name is associated with the property, and the offering provides a compact commercial restaurant asset with an established physical location.
Key Highlights
- 325‑square‑foot restaurant property
- Built in 1951
- On‑site parking lot
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
$3,849
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
3.85%
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%
$76,980
$77.0K
Cap Rate 7%
$54,986
$55.0K
Cap Rate 9%
$42,767
$42.8K
Market Conditions
NOI Build-Up for 325 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
$5.5K $16.80/SF
− Vacancy
−$328 −$1.01/SF
EGI
$5.1K $15.79/SF
− OpEx
−$1.3K −$3.95/SF
NOI
$3.8K $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%
$76,980
Cap Rate 7%
$54,986
Cap Rate 9%
$42,767
Alternative Uses
Best Use
Specialty Retail
$55.0K
$48.1K – $64.2K
NOI $3,849 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$72.6K
$63.5K – $84.7K
NOI $5,079 @ 7.0% cap · market cap 5.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
711
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79102, TX
9,252
Population
4,695
Households
2
Avg Household Size
35
Median Age
20%
College-Educated
78%
High-School Grad
2.7 sq mi
ZIP Area
3,427
Density / Sq Mi
$48,551
Median Household Income
$34,911
Median Earnings
$891
Median Rent
$146,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property with an on-site parking lot.
Where is this conventional restaurant located?
The property is located at 3102 PLAINS Boulevard Amarillo, TX.
What is the asking price?
The asking price for this property is $100,000.
What are key features of this property?
This property features: 325‑square‑foot restaurant property; Built in 1951; On‑site parking lot
