High-Traffic Commercial Property in
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4530 Canyon Drive, Amarillo, TX 79109
12,153 SF commercial property with redevelopment potential.
Property Size12,153 SF
Price / SF$160.45
Days on Market71
Property Features for 4530 Canyon Drive
General Information
Standard status
Active
Size
12,153 SF
Property subtype
Retail
Listing Agency:
Coldwell Banker Commercial First Equity
Listed By:
Justin Kite, CCIM, SIOR · License #TX 478313
Source:
Crexi
Added: May 22
Changed: Jul 10
Last Checked: Jul 30 at 4:35PM
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 For 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 | $182.3k | $15.00 |
| − Vacancy | −$14.6k | −$1.20 |
| EGI | $167.7k | $13.80 |
| − OpEx | −$50.3k | −$4.14 |
| NOI | $117.4k | $9.66 |
12,153 SF · lease $15.00/SF/yr · vacancy 8.00% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
554
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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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 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.
