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4001 SW 51st Ave, Amarillo, TX 79109
4,200 SF building on 18,295 SF lot, high-traffic location.
Property Size4,200 SF
Lot Size0.42 Acres
Price / SF$119.05
Days on Market192
Property Features for 4001 SW 51st Ave
General Information
Standard status
Active
Size
4,200 SF
Lot size
0.42 Acres
Property subtype
Industrial, Mixed Use, Office, Retail
Zoning
LC
Listing Agency:
Gaut Whittenburg Emerson CRE
Listed By:
Sheril Fuller · License #TX 784282
Source:
Crexi
Added: Feb 12
Changed: Aug 8
Last Checked: Jul 22 at 6:45AM
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 Gaut Whittenburg Emerson CRE
Investment Insights
Based on property information with market context.
Located at 4001 SW 51st St, this commercial property features a 4,200 SF building on an 18,295 SF lot. Constructed in 1977, the property offers a versatile layout including a large open central area, office space, and ample storage. The property is zoned LC and benefits from a high-traffic location with 30,803 cars passing by daily on I-27. Established plumbing, a kitchen/breakroom setup, and defined back-of-house areas are present. Situated on the west side of Interstate 27, the property benefits from visibility and accessibility in a retail zone. This property is suitable for various commercial uses and serves as an excellent foundation for renovation or redevelopment.
Key Highlights
- High‑traffic location with 30,803 cars passing by daily on I‑27.
- Favorable LC zoning allows for various commercial uses.
- Spacious 4,200 SF building on an 18,295 SF lot.
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
$45,360
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
9.07%
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%
$907,200
$907.2K
Cap Rate 7%
$648,000
$648.0K
Cap Rate 9%
$504,000
$504.0K
Market Conditions
NOI Build-Up for 4,200 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
$80.6K $19.20/SF
− Vacancy
−$8.1K −$1.92/SF
EGI
$72.6K $17.28/SF
− OpEx
−$27.2K −$6.48/SF
NOI
$45.4K $10.80/SF
Area
Amarillo, TX
Vacancy
10.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
37.50%
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%
$907,200
Cap Rate 7%
$648,000
Cap Rate 9%
$504,000
Alternative Uses
Best Use
Office B
$688.5K
$602.4K – $803.3K
NOI $48,195 @ 7.0% cap · market cap 9.64%
Second Best
Mixed Use
$648.0K
$567.0K – $756.0K
NOI $45,360 @ 7.0% cap · market cap 9.07%
Theoretical Best
Office A
$937.7K
$820.5K – $1.09M
NOI $65,641 @ 7.0% cap · market cap 13.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
569
Businesses Nearby
Explore this area
Business Placement
Demographics for 79109, TX
42,509
Population
20,308
Households
2.1
Avg Household Size
39
Median Age
33%
College-Educated
93%
High-School Grad
10.3 sq mi
ZIP Area
4,127
Density / Sq Mi
$68,579
Median Household Income
$41,410
Median Earnings
$945
Median Rent
$217,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 4,200 SF building on 18,295 SF lot, high-traffic location.
Where is this mixed-use property located?
The property is located at 4001 SW 51st Ave Amarillo, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: High‑traffic location with **30,803 cars passing by daily on I‑27.**; Favorable LC zoning allows for various commercial uses.; Spacious **4,200 SF building on an 18,295 SF lot.**
