High-Traffic Commercial Property in
For Sale
$1,950,000
4530 Canyon Dr, Amarillo, TX 79109
12,153 SF commercial property with redevelopment potential.
Property Size12,153 SF
Price / SF$160.45
Days on Market142
Property Features for 4530 Canyon Dr
General Information
Standard status
Active
Size
12,153 SF
Property subtype
Office - General Office
Building Details
Building Size
12,153 SF
Listing Agency:
Coldwell Banker Commercial First Equity
Listed By:
Rachel Shreffler
(806) 674-9271
Source:
Commercialcafe
Added: May 27
Changed: Oct 1
Last Checked: Oct 12 at 4:58PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,398
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,347,960
$2.3M
Cap Rate 7%
$1,677,114
$1.7M
Cap Rate 9%
$1,304,422
$1.3M
Market Conditions
NOI Build-Up for 12,153 SF
Gross rent
$182.3K $15.00/SF
− Vacancy
−$14.6K −$1.20/SF
EGI
$167.7K $13.80/SF
− OpEx
−$50.3K −$4.14/SF
NOI
$117.4K $9.66/SF
Area
Amarillo, TX
Vacancy
8.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,347,960
Cap Rate 7%
$1,677,114
Cap Rate 9%
$1,304,422
Alternative Uses
Best Use
Retail
$1.68M
$1.47M – $1.96M
NOI $117,398 @ 7.0% cap · market cap 6.02%
Second Best
—
—
no second resolved use
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 authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
773
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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 Dr 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.
