Retail Storefront with Office
For Sale
Contact for pricing
5710 45th SW Ave, Amarillo, TX 79109
Storefront retail layout includes a front office plus back breakroom and two restrooms for flexible tenant use.
Property Size5,040 SF
Price / SF$197.42
Days on Market68
Property Features for 5710 45th SW Ave
General Information
Standard status
Active
Size
5,040 SF
Property subtype
Retail
Zoning
GR - General Retail
Lease Type
NNN
Investment Type
Owner/User
Additional Details
Traffic Count
45,462 vehicles/day
Clear Height
11 ft
Building Details
Year Built
1999
Buildings
1
Tenancy
Single
Listing Agency:
Gaut Whittenburg Emerson CRE
(806) 373-3111
Listed By:
Sheril Fuller · License #TX 784282
Source:
Crexi
Added: Jun 17
Changed: Aug 20
Last Checked: Aug 23 at 5:48AM
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 Gaut Whittenburg Emerson CRE
Investment Insights
Based on property information with market context.
This retail storefront offers a large open sales area with an office up front, supported by practical back-of-house space. The rear includes a breakroom with a sink and two restrooms. Ceiling height reaches 16' to the deck, with a clear height of 11', providing usable volume for a range of retail formats.
The property is located on SW 45th Ave just east of the Bell St & 45th Ave intersection in Amarillo, Texas. It sits on a high-traffic corridor across from United Supermarkets, with a broad mix of nearby retail, restaurants, and service businesses. Traffic at 45th & Bell is reported at 45,462 cars per day (City of Amarillo 2025). Amarillo High School is also nearby, and the area provides convenient access to surrounding Southwest Amarillo residential neighborhoods.
The combination of an open retail floor, front office, and dedicated restrooms supports tenants seeking a straightforward, ready-to-operate layout. The property’s storefront configuration and 11' clear height may be well-suited for merchandising, service retail, or similar uses that benefit from flexible interior planning within a single, cohesive space.
The property is located on SW 45th Ave just east of the Bell St & 45th Ave intersection in Amarillo, Texas. It sits on a high-traffic corridor across from United Supermarkets, with a broad mix of nearby retail, restaurants, and service businesses. Traffic at 45th & Bell is reported at 45,462 cars per day (City of Amarillo 2025). Amarillo High School is also nearby, and the area provides convenient access to surrounding Southwest Amarillo residential neighborhoods.
The combination of an open retail floor, front office, and dedicated restrooms supports tenants seeking a straightforward, ready-to-operate layout. The property’s storefront configuration and 11' clear height may be well-suited for merchandising, service retail, or similar uses that benefit from flexible interior planning within a single, cohesive space.
Key Highlights
- Retail storefront built in 1999 with a layout designed for flexible tenant use
- Front office area plus large open retail space
- Rear includes a breakroom with sink and two restrooms
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
$48,686
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
4.89%
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%
$973,720
$973.7K
Cap Rate 7%
$695,514
$695.5K
Cap Rate 9%
$540,956
$541.0K
Market Conditions
NOI Build-Up for 5,040 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
$75.6K $15.00/SF
− Vacancy
−$6.0K −$1.20/SF
EGI
$69.6K $13.80/SF
− OpEx
−$20.9K −$4.14/SF
NOI
$48.7K $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 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%
$973,720
Cap Rate 7%
$695,514
Cap Rate 9%
$540,956
Alternative Uses
Best Use
Retail
$695.5K
$608.6K – $811.4K
NOI $48,686 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$984.6K – $1.31M
NOI $78,769 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
11 ft
Clear height
45,462 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
363
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 - Storefront retail layout includes a front office plus back breakroom and two restrooms for flexible tenant use.
Where is this retail space located?
The property is located at 5710 45th SW Ave Amarillo, TX.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Retail storefront built in 1999 with a layout designed for flexible tenant use; Front office area plus large open retail space; Rear includes a breakroom with sink and two restrooms
