Aviation Hangar-Conversion
For Sale
$1,865,000
3601 Airway Boulevard, Amarillo, TX 79118
Warehouse with taxiway-frontage access potential, oversized garage door, and office areas ready to be finished.
Property Size10,947 SF
Price / SF$170.37
Days on Market13
Property Features for 3601 Airway Boulevard
General Information
Standard status
Active
Size
10,947 SF
Property subtype
General Commercial
Amenities
conference room
break room
reception area
restrooms
overhang
storage
private garage
Central Air, Electric
3
Paved Road.
Building Details
Year Built
2005
Listing Agency:
Hagan Hudson Realty, LLC
(806) 236-3365
Listed By:
Hagan Hudson · License #472766
(806) 236-3365
Source:
Xome
Added: Jul 20
Changed: Jul 26
Last Checked: Aug 1 at 3:35AM
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 Hagan Hudson Realty, LLC
Investment Insights
Based on property information with market context.
This warehouse in Tradewinds Business Park is well-suited for light industrial use with aviation-focused reconfiguration in mind. The space includes a large overhang, an oversized garage door, abundant storage, and a private garage with two overhead doors. Interior improvements include room for 8+ offices, a conference room, break room, reception area, and separate men’s and women’s restrooms, with portions described as ready to be finished to meet the next tenant’s or owner’s needs. The second floor and basement are framed for future expansion.
The property is positioned for airport-area operations with taxiway frontage along the rear and south property lines, providing convenient access to the airport runway.
The seller indicates the offering is priced based on a 2024 appraisal. (All terms to be confirmed by the seller.)
The property is positioned for airport-area operations with taxiway frontage along the rear and south property lines, providing convenient access to the airport runway.
The seller indicates the offering is priced based on a 2024 appraisal. (All terms to be confirmed by the seller.)
Key Highlights
- 2005‑built warehouse in Tradewinds Business Park with taxiway‑frontage along the rear and south property lines for access to the runway
- Office‑ready interior with space for 8+ offices, a conference room, break room, and reception area plus separate men’s and women’s restrooms
- Second floor and basement are framed for future expansion
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.1k | $9.60 |
| − Vacancy | −$4.2k | −$0.38 |
| EGI | $100.9k | $9.22 |
| − OpEx | −$15.1k | −$1.38 |
| NOI | $85.8k | $7.83 |
10,947 SF · lease $9.60/SF/yr · vacancy 4.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.23M
$1.07M – $1.43M
NOI $85,754 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.44M
$2.14M – $2.85M
NOI $171,088 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
194
Businesses Nearby
Balanced
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- SecurCare Self Storage — 1500 SE 34th Ave, Amarillo, TX 79118
- Amarillo Vehicle Storage — 3710 Tradewind St, Amarillo, TX 79118
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse with taxiway-frontage access potential, oversized garage door, and office areas ready to be finished.
Where is this warehouse located?
The property is located at 3601 Airway Boulevard Amarillo, TX.
What is the asking price?
The asking price for this property is $1,865,000.
What are key features of this property?
This property features: 2005‑built warehouse in Tradewinds Business Park with taxiway‑frontage along the rear and south property lines for access to the runway; Office‑ready interior with space for 8+ offices, a conference room, break room, and reception area plus separate men’s and women’s restrooms; Second floor and basement are framed for future expansion
