Flex Space with Overhead
For Sale
$660,000
4533 Canyon Drive, Amarillo, TX 79110
Functional flex property with insulated bays, a heated shop, office space, and access along an established commercial corridor.
Property Size6,250 SF
Price / SF$105.60
Days on Market29
Property Features for 4533 Canyon Drive
General Information
Standard status
Active
Size
6,250 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Drive-In Doors
3
Amenities
overhead doors
insulated bay areas
gas-heated rear shop
dedicated office area
Building Details
Year Built
2003
Listing Agency:
Keller Williams Realty Amarillo
(806) 676-7709
Listed By:
Bobby Tyler · License #0690582
Source:
Shopamarillohomes
Added: Aug 2
Changed: Aug 29
Last Checked: Aug 29 at 8:41PM
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 Keller Williams Realty Amarillo
Investment Insights
Based on property information with market context.
This 6,250-square-foot flex property, built in 2003, offers a practical configuration for industrial, warehouse, and service-oriented operations. The building includes two separate insulated bay areas, with the rear shop heated by gas, plus a dedicated office area for administrative or customer-facing functions. Three 14' x 14' overhead doors accommodate equipment and vehicle access.
The property is located along Canyon Drive near I-27 in Amarillo’s Southwest commercial corridor. I-27 carries 55,000 AADT, and the surrounding area includes established commercial businesses. The combination of shop, bay, and office components supports a range of owner-user or operational requirements.
The property is located along Canyon Drive near I-27 in Amarillo’s Southwest commercial corridor. I-27 carries 55,000 AADT, and the surrounding area includes established commercial businesses. The combination of shop, bay, and office components supports a range of owner-user or operational requirements.
Key Highlights
- 6,250‑square‑foot flex property built in 2003
- Three 14' x 14' overhead doors for equipment and vehicle access
- Two separate insulated bay areas
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
$48,960
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
7.42%
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%
$979,200
$979.2K
Cap Rate 7%
$699,429
$699.4K
Cap Rate 9%
$544,000
$544.0K
Market Conditions
NOI Build-Up for 6,250 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
$60.0K $9.60/SF
− Vacancy
−$2.4K −$0.38/SF
EGI
$57.6K $9.22/SF
− OpEx
−$8.6K −$1.38/SF
NOI
$49.0K $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%
$979,200
Cap Rate 7%
$699,429
Cap Rate 9%
$544,000
Alternative Uses
Best Use
Warehouse
$699.4K
$612.0K – $816.0K
NOI $48,960 @ 7.0% cap · market cap 7.42%
Second Best
Flex RnD
$640.7K
$560.6K – $747.5K
NOI $44,850 @ 7.0% cap · market cap 6.80%
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,680 @ 7.0% cap · market cap 14.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
549
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79110, TX
18,285
Population
7,760
Households
2.4
Avg Household Size
35
Median Age
15%
College-Educated
91%
High-School Grad
5.4 sq mi
ZIP Area
3,386
Density / Sq Mi
$65,896
Median Household Income
$39,833
Median Earnings
$1,173
Median Rent
$153,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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- Woodshed Bar-B-Que Catering — 2823 John Dr, Amarillo, TX 79110
Frequently Asked Questions
What type of property is this?
Flex space - Functional flex property with insulated bays, a heated shop, office space, and access along an established commercial corridor.
Where is this flex space located?
The property is located at 4533 Canyon Drive Amarillo, TX.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: 6,250‑square‑foot flex property built in 2003; Three 14' x 14' overhead doors for equipment and vehicle access; Two separate insulated bay areas
