Flex Space with Secure
For Sale
$1,250,000
4501 E LOOP 335, Amarillo, TX 79118
Commercial Sale, Amarillo, TX
Property Size8,900 SF
Price / SF$140.45
Days on Market54
Property Features for 4501 E LOOP 335
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
4000 - SE of Amarillo City Limits
Directions
POB 335 between Eastern and Grand
Subdivision
4999 - All Others Not Identified
Standard status
Active
Taxes and HOA fees
Tax Description
STORYBOOK ESTATES # 1, LOT 004, BLK 006, 2.89 ACRES
Legal Description
STORYBOOK ESTATES # 1, LOT 004, BLK 006, 2.89 ACRES
Listing Agency:
Keller Williams Realty Amarillo
(806) 359-4000
Listed By:
Bobby Tyler · License #690582
(806) 359-4000
Added: Jul 1
Changed: Aug 19
Last Checked: Aug 23 at 4:06PM
MLS# 26-5322
Copyright © 2026 Amarillo Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex-space property combines an insulated 80-by-80-foot shop with a 2,500-square-foot office area measuring 50 by 50 feet. The site also includes a laydown yard enclosed by an 8-foot metal fence, providing separated outdoor space for equipment, vehicles, materials, or fleet-related activities. Build-to-suit availability adds flexibility for users planning a tailored commercial facility.
Located at 4501 E LOOP 335 in Amarillo, Texas, the property is configured for a range of industrial and service-oriented operations, including fabrication, distribution, equipment storage, and contractor use. Lease terms include an NNN structure with 3% annual increases.
Located at 4501 E LOOP 335 in Amarillo, Texas, the property is configured for a range of industrial and service-oriented operations, including fabrication, distribution, equipment storage, and contractor use. Lease terms include an NNN structure with 3% annual increases.
Key Highlights
- 80x80 insulated shop
- 2,500 sqft office area measuring 50x50
- Laydown yard enclosed by an 8‑foot metal fence
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
$102,128
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
8.17%
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%
$2,042,560
$2.0M
Cap Rate 7%
$1,458,971
$1.5M
Cap Rate 9%
$1,134,756
$1.1M
Market Conditions
NOI Build-Up for 8,900 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
$160.2K $18.00/SF
− Vacancy
−$24.0K −$2.70/SF
EGI
$136.2K $15.30/SF
− OpEx
−$34.0K −$3.82/SF
NOI
$102.1K $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%
$2,042,560
Cap Rate 7%
$1,458,971
Cap Rate 9%
$1,134,756
Alternative Uses
Best Use
Office B
$1.46M
$1.28M – $1.70M
NOI $102,128 @ 7.0% cap · market cap 8.17%
Second Best
Warehouse
$996.0K
$871.5K – $1.16M
NOI $69,719 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,096 @ 7.0% cap · market cap 11.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Insulated shop, dedicated office area, and fenced yard support industrial and service operations.
Where is this flex space located?
The property is located at 4501 E LOOP 335 Amarillo, TX.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 80x80 insulated shop; 2,500 sqft office area measuring 50x50; Laydown yard enclosed by an 8‑foot metal fence
