High-Traffic Commercial Property in
4530 Canyon Drive, Amarillo, TX 79109
12,153 SF commercial property with redevelopment potential.
Type:Retail
Property size:
12,153 SFPrice / SF:
$160/SF- Added:
- May 22, 2026
- Days on Market:
- 11
- Last Refresh:
- May 27 at 8:20 am
Property Features for 4530 Canyon Drive
General Information
- Standard status
- Active
- Size
- 12,153 SF
- Property subtype
- Retail
Listing agent Justin Kite, CCIM, SIOR License #TX 478313
Listing office Coldwell Banker Commercial First Equity
Listing date May 22, 2026
Source Crexi
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
HighLights
- Strategic location off I‑27 with convenient access to downtown Amarillo.
- High visibility and easy access for maximum exposure.
- Versatile 12,153 SF layout with expansive rooms and multiple office spaces.
- Ample parking and existing infrastructure easily supports retail, office, or service‑based operations.
- Compelling redevelopment potential for investors and users.
- Prime opportunity for a high‑impact presence in a thriving commercial area.
Overview
Located just off I-27 in a high-traffic corridor of Amarillo, the 12,153 SF commercial property at 4530 Canyon Dr offers convenient access to downtown. The building features a versatile layout with expansive rooms and multiple office spaces, making it suitable for a range of uses. Formerly a restaurant, the property includes ample parking and infrastructure that can support retail, office, or service-based operations. The site also presents redevelopment potential, offering the opportunity to reposition the property to meet market demands. This property is suitable for businesses or investors seeking a presence in a thriving commercial area.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $204.2k | $16.80 |
| − Vacancy | −$12.3k | −$1.01 |
| EGI | $191.9k | $15.79 |
| − OpEx | −$48.0k | −$3.95 |
| NOI | $143.9k | $11.84 |
12,153 SF · lease $16.80/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.06M
$1.80M – $2.40M
NOI $143,940 @ 7.0% cap · market cap 7.38%
Second Best
Office B
$1.99M
$1.74M – $2.32M
NOI $139,456 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$2.71M
$2.37M – $3.17M
NOI $189,937 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Amarillo
- County
- Randall
- State
- Texas
- Longitude
- -101.8743347
- Latitude
- 35.1623351
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - 12,153 SF commercial property with redevelopment potential.
Where is this retail space located?
The property is located at 4530 Canyon Drive Amarillo, TX.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Strategic location off I‑27 with convenient access to downtown Amarillo.; High visibility and easy access for maximum exposure.; Versatile 12,153 SF layout with expansive rooms and multiple office spaces.
