Canyon Drive Commercial
For Sale
$499,000
4001 Canyon Dr, Amarillo, TX 79110
Light commercial property with excellent access and visibility.
Property Size2,842 SF
Price / SF$175.58
Days on Market348
Property Features for 4001 Canyon Dr
General Information
Standard status
Active
Size
2,842 SF
Property subtype
Industrial
Building Details
Year Built
1957
Listing Agency:
Coldwell Banker Commercial First Equity
(806) 468-4899
Listed By:
Jared Duncan
(806) 468-4899
Source:
Cbcworldwide
Added: Sep 10, 2025
Changed: May 21
Last Checked: Apr 9 at 9:00PM
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
Investment Insights
Based on property information with market context.
This 0.66-acre light commercial property is strategically located with 275 feet of frontage on Canyon Drive, which has a traffic count of 55,556 cars per day. The 2,842 sq ft building includes four spacious bays—two with 10' overhead doors and two with 14' doors—ideal for automotive service, equipment repair, or light manufacturing. The front office features central heat and air with a fireplace, while the west shop area is heated, ensuring year-round operation. Ample yard space and flexible zoning make this a strong fit for a variety of industrial or automotive uses.
Key Highlights
- High‑traffic location on Canyon Drive with 55,556 cars per day.
- 275 feet of frontage on Canyon Drive providing excellent visibility.**
- Versatile 2,842 sq ft building with four spacious bays and overhead doors (10' and 14').**
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
$27,454
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
5.50%
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%
$549,080
$549.1K
Cap Rate 7%
$392,200
$392.2K
Cap Rate 9%
$305,044
$305.0K
Market Conditions
NOI Build-Up for 2,842 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
$42.6K $15.00/SF
− Vacancy
−$3.4K −$1.20/SF
EGI
$39.2K $13.80/SF
− OpEx
−$11.8K −$4.14/SF
NOI
$27.5K $9.66/SF
Area
Amarillo, TX
Vacancy
8.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$549,080
Cap Rate 7%
$392,200
Cap Rate 9%
$305,044
Alternative Uses
Best Use
Retail
$392.2K
$343.2K – $457.6K
NOI $27,454 @ 7.0% cap · market cap 5.50%
Second Best
Industrial
$244.3K
$213.7K – $285.0K
NOI $17,099 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$634.5K
$555.2K – $740.3K
NOI $44,417 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
522
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79110, TX
18,285
Population
7,760
Households
2.4
Avg Household Size
35
Median Age
15%
College-Educated
91%
High-School Grad
5.4 sq mi
ZIP Area
3,386
Density / Sq Mi
$65,896
Median Household Income
$39,833
Median Earnings
$1,173
Median Rent
$153,400
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
- Crutchfield's Extreme Exhaust & Radiator — 4429 Canyon Expy, Amarillo, TX 79110
- Country PreOwned Of Amarillo — 2725 SW 45th Ave, Amarillo, TX 79110
- C.A.R.S. Cosmetic Auto Repair Systems — 2795 SW 45th Ave, Amarillo, TX 79110
- DTP Automotive & Diesel — 2740 SW 45th Ave, Amarillo, TX 79110
- APR1 - Automotive Performance & Repair — 4470 Canyon Expy, Amarillo, TX 79109
Frequently Asked Questions
What type of property is this?
Auto shop - Light commercial property with excellent access and visibility.
Where is this auto shop located?
The property is located at 4001 Canyon Dr Amarillo, TX.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: High‑traffic location on Canyon Drive with 55,556 cars per day.; 275 feet of frontage on Canyon Drive providing excellent visibility.**; Versatile 2,842 sq ft building with four spacious bays and overhead doors (10' and 14').**
