Remodeled Flex
For Sale
Contact for pricing
3203 SW 58th Ave, Amarillo, TX 79118
Adaptable commercial space with a secured outdoor play area, ample parking, and reconfigurable interior layout.
Property Size9,600 SF
Lot Size1.61 Acres
Price / SF$122.40
Days on Market313
Property Features for 3203 SW 58th Ave
General Information
Standard status
Active
Size
9,600 SF
Total Parking Spaces
45
Lot size
1.61 Acres
Property subtype
INDUSTRIAL
Amenities
Secure, fenced playground area
Listing Agency:
Coldwell Banker Commercial First Equity, Realtors
(806) 671-8174
Listed By:
Tom Roller
(806) 671-8174
Source:
Moodyscre
Added: Oct 22, 2025
Changed: Aug 30
Last Checked: Aug 30 at 7:35AM
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 Coldwell Banker Commercial First Equity, Realtors
Investment Insights
Based on property information with market context.
This 9,600-square-foot flex space at 3203 SW 58th Ave has been updated with fresh paint and new floor coverings. The interior layout can be modified by adding, removing, or relocating walls, allowing the configuration to change with operational needs. A fenced playground area provides a secured outdoor component, and approximately 45 parking spaces are available.
The property may accommodate daycare, private school, or church uses. Its combination of adaptable interior space, outdoor play area, and on-site parking supports a range of institutional or service-oriented configurations.
The property may accommodate daycare, private school, or church uses. Its combination of adaptable interior space, outdoor play area, and on-site parking supports a range of institutional or service-oriented configurations.
Key Highlights
- 9,600 square feet of flex space at 3203 SW 58th Ave
- Recently updated with new paint and floor coverings
- Approximately 45 parking spaces available
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
$68,890
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
5.86%
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%
$1,377,800
$1.4M
Cap Rate 7%
$984,143
$984.1K
Cap Rate 9%
$765,444
$765.4K
Market Conditions
NOI Build-Up for 9,600 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
$115.2K $12.00/SF
− Vacancy
−$9.2K −$0.96/SF
EGI
$106.0K $11.04/SF
− OpEx
−$37.1K −$3.86/SF
NOI
$68.9K $7.18/SF
Area
Amarillo, TX
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
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%
$1,377,800
Cap Rate 7%
$984,143
Cap Rate 9%
$765,444
Alternative Uses
Best Use
Flex RnD
$984.1K
$861.1K – $1.15M
NOI $68,890 @ 7.0% cap · market cap 5.86%
Second Best
Industrial
$825.1K
$722.0K – $962.6K
NOI $57,758 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$2.14M
$1.88M – $2.50M
NOI $150,036 @ 7.0% cap · market cap 12.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
362
Businesses Nearby
Under-served
Demand for This Use
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?
Flex space - Adaptable commercial space with a secured outdoor play area, ample parking, and reconfigurable interior layout.
Where is this flex space located?
The property is located at 3203 SW 58th Ave Amarillo, TX.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: 9,600 square feet of flex space at 3203 SW 58th Ave; Recently updated with new paint and floor coverings; Approximately 45 parking spaces available
