Flex Building with Warehouse
For Sale
$360,000
6325 STAR Lane, Amarillo, TX 79109
Commercial Sale, Amarillo, TX
Property Size4,000 SF
Price / SF$90
Days on Market118
Property Features for 6325 STAR Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
0200 - SW Amarillo in City Limits
Directions
From Bell St, East on Hillside to Star Lane, South (right) on Star Lane, Large Building on Left in the center of U-Shaped building/office park.
Subdivision
0230 - Glendale
Standard status
Active
APN
217542 Peeples Enterprises, LLC
Size
4,000 SF
Building Details
Year built
1983
Building materials
Metal Fab
Listing Agency:
Lyons Realty
(806) 358-3900
Listed By:
Lisa Carr
(806) 336-2222
Added: May 14
Changed: Sep 3
Last Checked: Sep 8 at 8:06PM
MLS# 26-1690
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 4,000-square-foot flex building in Amarillo was constructed in 1983 with metal fabrication. The layout is weighted toward warehouse space and includes a front lobby, office areas, and a bathroom. Central heating and air conditioning serve the front portion of the building, while four overhead doors support warehouse access.
Located at 6325 STAR Lane in Amarillo, the property is identified by ZIP Code 79109 in Randall County. Its combination of work areas, administrative space, and overhead-door access creates a practical configuration for commercial operations requiring both storage and office functions.
Located at 6325 STAR Lane in Amarillo, the property is identified by ZIP Code 79109 in Randall County. Its combination of work areas, administrative space, and overhead-door access creates a practical configuration for commercial operations requiring both storage and office functions.
Key Highlights
- 4,000 SF flex building constructed in 1983
- Warehouse‑focused layout with front lobby, offices, and bathroom
- Four overhead doors provide warehouse 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
$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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Our Daily Bread — 5500 Bluebird St Suite 400, Amarillo, TX 79109
- Two Knives Catering — 5500 Bluebird St Suite 400, Amarillo, TX 79109
- 3 Square Meals — 4132 Business Park Dr, Amarillo, TX 79110
Frequently Asked Questions
What type of property is this?
Flex space - Commercial building combining warehouse capacity with conditioned office, lobby, and restroom areas.
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‑focused layout with front lobby, offices, and bathroom; Four overhead doors provide warehouse access
