Walgreens Drug
For Sale
Contact for pricing
3320 Bell St, Amarillo, TX 79106
Built in 2001, the property provides a dedicated format for pharmacy-oriented retail.
Property Size15,120 SF
Price / SF$330.69
Days on Market148
Property Features for 3320 Bell St
General Information
Standard status
Active
Size
15,120 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$425,000
Additional Details
Cap Rate
8.5%
Building Details
Year Built
2001
Tenancy
Single
Listing Agency:
Stream Capital Partners
(312) 899-6664
Listed By:
Jordan Koeppel · License #NY 10401317069
Source:
Crexi
Added: Apr 6
Changed: Aug 30
Last Checked: Aug 30 at 2:26AM
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 Stream Capital Partners
Investment Insights
Based on property information with market context.
This drug store property contains 15,120 square feet and was constructed in 2001. The asset is identified as Walgreens and is positioned within the retail property category.
The property is located at 3320 Bell St in Amarillo, Texas, 79106. Its reported 8.50% CAP rate adds a defined investment metric for evaluating the offering.
The property is located at 3320 Bell St in Amarillo, Texas, 79106. Its reported 8.50% CAP rate adds a defined investment metric for evaluating the offering.
Key Highlights
- 15,120 SF drug store property
- 8.50% CAP rate
- Constructed in 2001
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
$179,081
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
3.58%
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%
$3,581,620
$3.6M
Cap Rate 7%
$2,558,300
$2.6M
Cap Rate 9%
$1,989,789
$2.0M
Market Conditions
NOI Build-Up for 15,120 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
$254.0K $16.80/SF
− Vacancy
−$15.2K −$1.01/SF
EGI
$238.8K $15.79/SF
− OpEx
−$59.7K −$3.95/SF
NOI
$179.1K $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%
$3,581,620
Cap Rate 7%
$2,558,300
Cap Rate 9%
$1,989,789
Alternative Uses
Best Use
Specialty Retail
$2.56M
$2.24M – $2.98M
NOI $179,081 @ 7.0% cap · market cap 3.58%
Second Best
Retail
$2.09M
$1.83M – $2.43M
NOI $146,059 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$3.38M
$2.95M – $3.94M
NOI $236,307 @ 7.0% cap · market cap 4.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
436
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 79106, TX
27,692
Population
13,385
Households
2.1
Avg Household Size
37
Median Age
24%
College-Educated
87%
High-School Grad
8.6 sq mi
ZIP Area
3,220
Density / Sq Mi
$54,407
Median Household Income
$36,061
Median Earnings
$995
Median Rent
$163,100
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.
Similar Off Market Nearby
- KP Natural Supplements, LLC — 3703 Navasota Dr, Amarillo, TX 79109
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- Stephanie Spangler — 3320 Bell St, Amarillo, TX 791065013
- Leena Patel — 3320 Bell St, Amarillo, TX 791065013
Frequently Asked Questions
What type of property is this?
Drug store - Built in 2001, the property provides a dedicated format for pharmacy-oriented retail.
Where is this drug store located?
The property is located at 3320 Bell St Amarillo, TX.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 15,120 SF drug store property; 8.50% CAP rate; Constructed in 2001
