Warehouse with Taxiway
New
For Sale
$1,865,000
3601 Airway Boulevard, Amarillo, TX 79118
A substantial warehouse offers planned office and staff areas, storage, and direct frontage along airport taxiways.
Property Size10,947 SF
Price / SF$170.37
Days on Market1
Property Features for 3601 Airway Boulevard
General Information
Standard status
Active
Size
10,947 SF
Property subtype
Commercial
Zoning
0400 - SE Amarillo in City Limits
Additional Details
Property Use
Warehouse
Building Details
Building Size
10,947 SF
Year Built
2005
Stories
2
Listing Agency:
Hagan Hudson Realty, LLC
Listed By:
Hagan R Hudson · License #472766
(806) 236-3365
Source:
Panhandleplainsrealty
Added: Nov 6
Last Checked: Nov 6 at 1:40AM
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
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Investment Insights
Based on property information with market context.
Built in 2005, this 10,947-square-foot warehouse includes a large overhang, an oversized garage door, substantial storage, and a private garage with two overhead doors. Interior areas are laid out for 8+ offices, a conference room, reception, a break room, and separate men’s and women’s restrooms; these spaces remain unfinished. Framing on the second floor and in the basement allows for additional buildout. The seller also identifies possible conversion to an aircraft hangar.
Located in Tradewinds Business Park, the property has taxiway frontage along its rear and south property lines, providing access toward the airport runway. The property is within Amarillo city limits and carries the zoning designation 0400 - SE Amarillo in City Limits.
Located in Tradewinds Business Park, the property has taxiway frontage along its rear and south property lines, providing access toward the airport runway. The property is within Amarillo city limits and carries the zoning designation 0400 - SE Amarillo in City Limits.
Key Highlights
- 10,947‑square‑foot warehouse, built in 2005
- Taxiway frontage along the rear and south property lines
- Private garage with two overhead doors, plus an oversized garage door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,754
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,715,080
$1.7M
Cap Rate 7%
$1,225,057
$1.2M
Cap Rate 9%
$952,822
$952.8K
Market Conditions
NOI Build-Up for 10,947 SF
Gross rent
$105.1K $9.60/SF
− Vacancy
−$4.2K −$0.38/SF
EGI
$100.9K $9.22/SF
− OpEx
−$15.1K −$1.38/SF
NOI
$85.8K $7.83/SF
Area
Amarillo, TX
Vacancy
4.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,715,080
Cap Rate 7%
$1,225,057
Cap Rate 9%
$952,822
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
194
Businesses Nearby
Balanced
Demand for This Use
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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
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Amarillo Vehicle Storage — 3710 Tradewind St, Amarillo, TX 79118
- SecurCare Self Storage — 1500 SE 34th Ave, Amarillo, TX 79118
Frequently Asked Questions
What type of property is this?
Warehouse - A substantial warehouse offers planned office and staff areas, storage, and direct frontage along airport taxiways.
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: 10,947‑square‑foot warehouse, built in 2005; Taxiway frontage along the rear and south property lines; Private garage with two overhead doors, plus an oversized garage door
