I-27 & S Bonham
For Sale
Contact for pricing
4101 Canyon Dr, Amarillo, TX
Property with excellent accessibility and visibility at I-27 & S Bonham.
Property Size15,748 SF
Lot Size1.68 Acres
Price / SF$101.60
Days on Market858
Property Features for 4101 Canyon Dr
General Information
Standard status
Active
Size
15,748 SF
Lot size
1.68 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Gaut Whittenburg Emerson CRE
(806) 373-3111
Listed By:
Cathy Derr, CCIM · License #TEXAS#412282
Source:
Moodyscre
Added: Apr 18, 2024
Changed: Aug 9
Last Checked: Aug 23 at 11:45AM
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.
This property is situated at the intersection of I-27 and S Bonham, offering accessibility and visibility. The property at 4105 Canyon Dr, built in 1975, has a building size of 6,400 square feet and a lot size of 32,670 square feet. It features four offices with a showroom, two large shop areas with ceiling heights of 13' and 15', and seven overhead doors: one 14' x 10', two 8' x 10', and four 10' x 10'. The property at 4006 S Bonham, built in 2003, has a building size of 6,000 square feet and a lot size of 22,657.2 square feet. It includes three overhead doors: one 14' x 12', one 10' x 10', and one 8' x 10', along with two walk-in doors and an upstairs office with a kitchenette and bathroom. Additionally, there is a property built in 1963 with a building size of 3,348 square feet and a lot size of 18,730.8 square feet, featuring a paint booth with a fire suppression system, one 2-post lift, and four overhead doors: two 10' x 13' and two 10' x 10'. The lot is fenced.
Key Highlights
- Strategic location at the intersection of I‑27 and S Bonham offering excellent accessibility and visibility.
- Three buildings included: 3,348 sq ft (built 1963), 6,400 sq ft (built 1975), and 6,000 sq ft (built 2003).
- Multiple overhead doors (total of 14) of various sizes across all buildings.
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
$123,364
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
7.71%
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%
$2,467,280
$2.5M
Cap Rate 7%
$1,762,343
$1.8M
Cap Rate 9%
$1,370,711
$1.4M
Market Conditions
NOI Build-Up for 15,748 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
$151.2K $9.60/SF
− Vacancy
−$6.0K −$0.38/SF
EGI
$145.1K $9.22/SF
− OpEx
−$21.8K −$1.38/SF
NOI
$123.4K $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 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%
$2,467,280
Cap Rate 7%
$1,762,343
Cap Rate 9%
$1,370,711
Alternative Uses
Best Use
Retail
$2.17M
$1.90M – $2.54M
NOI $152,126 @ 7.0% cap · market cap 9.51%
Second Best
Warehouse
$1.76M
$1.54M – $2.06M
NOI $123,364 @ 7.0% cap · market cap 7.71%
Theoretical Best
Office A
$3.52M
$3.08M – $4.10M
NOI $246,122 @ 7.0% cap · market cap 15.38%
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
Balanced
Demand for This Use
Explore this area
Business Placement
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
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- American Storage — 1737, 4415 S Georgia St #108, Amarillo, TX 79110
- SpareBox Storage — 4430 Canyon Expy, Amarillo, TX 79109
- SpareBox Storage — 4430 Canyon Dr, Amarillo, TX 79109
Frequently Asked Questions
What type of property is this?
Warehouse - Property with excellent accessibility and visibility at I-27 & S Bonham.
Where is this warehouse located?
The property is located at 4101 Canyon Dr Amarillo, TX.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Strategic location at the intersection of I‑27 and S Bonham offering excellent accessibility and visibility.; Three buildings included: 3,348 sq ft (built 1963), 6,400 sq ft (built 1975), and 6,000 sq ft (built 2003).; Multiple overhead doors (total of 14) of various sizes across all buildings.
