Flex Building With Warehouse
For Sale
$360,000
6325 STAR Lane, Amarillo, TX 79109
Commercial flex space combines warehouse capacity with a lobby, offices, bathroom, and four overhead doors.
Property Size4,000 SF
Price / SF$90
Days on Market186
Property Features for 6325 STAR Lane
General Information
Standard status
Active
Size
4,000 SF
Property subtype
General Commercial
Amenities
3
0.00 X 0.00
City Road.
Building Details
Year Built
1983
Buildings
1
Listing Agency:
Lyons Realty
(806) 336-2222
Listed By:
Lisa Carr
(806) 336-2222
Source:
Xome
Added: Feb 18
Changed: Aug 14
Last Checked: Aug 23 at 3:07AM
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 Lyons Realty
Investment Insights
Based on property information with market context.
This 4,000 SF flex building, constructed in 1983, is configured with a warehouse-dominant interior and a more finished front section. The front area includes a lobby, office rooms, and a bathroom, while central heat and air serve the lobby and offices. Four overhead doors support access to the warehouse portion and add functional flexibility for occupants requiring loading access.
The property is located at 6325 STAR Lane in Amarillo, Texas, on a city road. Its combination of warehouse area and finished administrative space provides a practical layout for a range of commercial operations, subject to applicable requirements for any proposed use.
The property is located at 6325 STAR Lane in Amarillo, Texas, on a city road. Its combination of warehouse area and finished administrative space provides a practical layout for a range of commercial operations, subject to applicable requirements for any proposed use.
Key Highlights
- 4,000 SF flex building constructed in 1983
- Warehouse‑dominant layout with front lobby, offices, and bathroom
- Central heat and air in the lobby and office 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
$31,334
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
8.70%
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%
$626,680
$626.7K
Cap Rate 7%
$447,629
$447.6K
Cap Rate 9%
$348,156
$348.2K
Market Conditions
NOI Build-Up for 4,000 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
$38.4K $9.60/SF
− Vacancy
−$1.5K −$0.38/SF
EGI
$36.9K $9.22/SF
− OpEx
−$5.5K −$1.38/SF
NOI
$31.3K $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%
$626,680
Cap Rate 7%
$447,629
Cap Rate 9%
$348,156
Alternative Uses
Best Use
Warehouse
$447.6K
$391.7K – $522.2K
NOI $31,334 @ 7.0% cap · market cap 8.70%
Second Best
Flex RnD
$410.1K
$358.8K – $478.4K
NOI $28,704 @ 7.0% cap · market cap 7.97%
Theoretical Best
Office A
$893.1K
$781.4K – $1.04M
NOI $62,515 @ 7.0% cap · market cap 17.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
680
Businesses Nearby
Under-served
Demand for This Use
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial flex space combines warehouse capacity with a lobby, offices, bathroom, and four overhead doors.
Where is this flex space located?
The property is located at 6325 STAR Lane Amarillo, TX.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 4,000 SF flex building constructed in 1983; Warehouse‑dominant layout with front lobby, offices, and bathroom; Central heat and air in the lobby and office areas
