Flex Warehouse with Overhead
For Sale
$660,000
4533 CANYON Drive, Amarillo, TX 79110
COMMERCIAL - Amarillo, TX
Property Size6,250 SF
Lot Size0.52 Acres
Price / SF$105.60
Days on Market40
Property Features for 4533 CANYON Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
0400 - SE Amarillo in City Limits
Parking features
Parking Lot
Directions
Canyon Drive and I-27
Subdivision
0420 - South Georgia
Standard status
Active
APN
217734
Size
6,250 SF
Lot size
0.52 Acres
Taxes and HOA fees
Tax Description
MC CARTY ADDN # 13 BLK 0006 3 LESS 36 SQ FT TR IN NLY COR 0.5200 ACRES
Legal Description
MC CARTY ADDN # 13 BLK 0006 3 LESS 36 SQ FT TR IN NLY COR 0.5200 ACRES
Utilities
Cooling system
Electric
Building Details
Year built
2003
Building materials
Metal Fab
Roof type
Metal
Listing Agency:
Keller Williams Realty Amarillo
(806) 359-4000
Listed By:
Bobby Tyler
(806) 359-4000
Added: Jun 29
Changed: Aug 4
Last Checked: Aug 7 at 2:06AM
MLS# 26-1871
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 warehouse on a 0.52-acre lot is laid out for both operations and day-to-day administration. The building includes three 14' x 14' overhead doors for equipment and vehicle access, two separate insulated bay areas, and a gas-heated rear shop designed for year-round functionality. A dedicated office area supports administrative tasks or customer-facing needs.
Located at 4533 Canyon Drive in Amarillo’s southwest commercial corridor, the property benefits from access and visibility along Canyon Drive and I-27, with I-27 reported at 55,000 AADT.
This configuration can work well for an owner-user seeking convenient shop access with separation of work areas, or for a buyer looking for a practical commercial building that pairs insulated warehouse space with an onsite office. The overhead door count and insulated bays support a range of light industrial and service-oriented uses where loading flexibility and comfortable workspace are important.
Located at 4533 Canyon Drive in Amarillo’s southwest commercial corridor, the property benefits from access and visibility along Canyon Drive and I-27, with I-27 reported at 55,000 AADT.
This configuration can work well for an owner-user seeking convenient shop access with separation of work areas, or for a buyer looking for a practical commercial building that pairs insulated warehouse space with an onsite office. The overhead door count and insulated bays support a range of light industrial and service-oriented uses where loading flexibility and comfortable workspace are important.
Key Highlights
- Prime commercial location in Amarillo's Southwest commercial corridor with high visibility and access along Canyon Drive and I‑27 (55,000 AADT).
- Two insulated bay areas, including a gas‑heated rear shop for year‑round functionality.
- Three 14' x 14' overhead doors for easy equipment and vehicle access.
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
55,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
408
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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Frequently Asked Questions
What type of property is this?
Flex space - Flex warehouse layout with multiple insulated bays, office space, and overhead doors for streamlined equipment access.
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: Prime commercial location in Amarillo's Southwest commercial corridor with high visibility and access along Canyon Drive and I‑27 (55,000 AADT).; Two insulated bay areas, including a gas‑heated rear shop for year‑round functionality.; Three 14' x 14' overhead doors for easy equipment and vehicle access.
