Flex Space with Office and
For Sale
Contact for pricing
4011 Business Park Dr, Amarillo, TX 79110
Versatile commercial layout combines private offices, shared work areas, and an accessible rear shop.
Property Size4,471 SF
Lot Size0.47 Acres
Price / SF$128.61
Days on Market136
Property Features for 4011 Business Park Dr
General Information
Standard status
Active
Size
4,471 SF
Class
A
Lot size
0.47 Acres
Property subtype
Retail, Office, Industrial
Zoning
Planned Development
Warehouse & Industrial
Warehouse Space
1,604 SF
Office Build-Out
2,867 SF
Drive-In Doors
4
Additional Details
Asking Price
$575,000
Road Access
Yes
Building Details
Year Built
2011
Buildings
1
Building Size
4,471 SF
Listing Agency:
Gaut Whittenburg Emerson CRE
(806) 373-3111
Listed By:
Ben Whittenburg · License #TX SA664767000
Source:
Crexi
Added: Apr 16
Changed: Aug 29
Last Checked: Aug 29 at 2:42PM
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.
This 4,471-square-foot flex property includes 2,867 square feet of office space and 1,604 square feet of shop area. The office component provides a reception area suitable for client arrival or product display, five private offices, a conference room, an open work area, and two restrooms. The rear shop is served by four grade-level overhead doors measuring 9 feet by 10 feet. Built in 2011, the building sits on 0.47 acres and is described as being in move-in-ready condition.
The property is located on Business Park Drive, just off South Western Street in Amarillo, Texas. Planned Development zoning applies to the site, which brings office and shop functions together within one commercial facility.
The property is located on Business Park Drive, just off South Western Street in Amarillo, Texas. Planned Development zoning applies to the site, which brings office and shop functions together within one commercial facility.
Key Highlights
- 4,471 SF flex property on 0.47 acres
- 2,867 SF of office space and 1,604 SF of shop space
- Four grade‑level overhead doors measuring 9' x 10'
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
$51,305
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
8.92%
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%
$1,026,100
$1.0M
Cap Rate 7%
$732,929
$732.9K
Cap Rate 9%
$570,056
$570.1K
Market Conditions
NOI Build-Up for 4,471 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
$80.5K $18.00/SF
− Vacancy
−$12.1K −$2.70/SF
EGI
$68.4K $15.30/SF
− OpEx
−$17.1K −$3.82/SF
NOI
$51.3K $11.48/SF
Area
Amarillo, TX
Vacancy
15.00%
Lease Rate
$18.00 /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%
$1,026,100
Cap Rate 7%
$732,929
Cap Rate 9%
$570,056
Alternative Uses
Best Use
Office B
$732.9K
$641.3K – $855.1K
NOI $51,305 @ 7.0% cap · market cap 8.92%
Second Best
Warehouse
$500.3K
$437.8K – $583.7K
NOI $35,024 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$998.2K
$873.5K – $1.16M
NOI $69,876 @ 7.0% cap · market cap 12.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
437
Businesses Nearby
Under-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 Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- 3 Square Meals — 4132 Business Park Dr, Amarillo, TX 79110
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial layout combines private offices, shared work areas, and an accessible rear shop.
Where is this flex space located?
The property is located at 4011 Business Park Dr Amarillo, TX.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 4,471 SF flex property on 0.47 acres; 2,867 SF of office space and 1,604 SF of shop space; Four grade‑level overhead doors measuring 9' x 10'
