Flex Space with Highway
For Sale
Contact for pricing
6633 Canyon Dr, Amarillo, TX 79110
Versatile commercial property suited to office, storage, and light industrial uses.
Property Size18,058 SF
Price / SF$71.99
Days on Market64
Property Features for 6633 Canyon Dr
General Information
Standard status
Active
Size
18,058 SF
Property subtype
Industrial
Zoning
Heavy Commercial
Occupancy
23%
Lease Type
NNN
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
4
Units
5
Tenancy
Single
Listing Agency:
Gaut Whittenburg Emerson CRE
Listed By:
Bo Wulfman · License #TX 0375664
(806) 373-3111
Source:
Crexi
Added: Aug 18
Changed: Oct 6
Last Checked: Oct 20 at 7:17PM
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
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Investment Insights
Based on property information with market context.
This flex space supports a range of commercial functions, including office operations, storage, and light industrial activity. The property measures 18,058 and is positioned on the east side of I-27 in Amarillo, Texas.
Access is provided from the northbound I-27 frontage road, with the site situated between Bell and Hillside. Its placement along the frontage road provides direct exposure to an established traffic route and convenient connectivity to the surrounding area. The property is located at 6633 Canyon Dr.
Access is provided from the northbound I-27 frontage road, with the site situated between Bell and Hillside. Its placement along the frontage road provides direct exposure to an established traffic route and convenient connectivity to the surrounding area. The property is located at 6633 Canyon Dr.
Key Highlights
- Flex space suitable for office, storage, or light industrial purposes
- 18,058 property size
- East side of I‑27 between Bell and Hillside
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,646
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,172,920
$2.2M
Cap Rate 7%
$1,552,086
$1.6M
Cap Rate 9%
$1,207,178
$1.2M
Market Conditions
NOI Build-Up for 18,058 SF
Gross rent
$162.5K $9.00/SF
− Vacancy
−$7.3K −$0.41/SF
EGI
$155.2K $8.59/SF
− OpEx
−$46.6K −$2.58/SF
NOI
$108.6K $6.02/SF
Area
Amarillo, TX
Vacancy
4.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,172,920
Cap Rate 7%
$1,552,086
Cap Rate 9%
$1,207,178
Alternative Uses
Best Use
Flex RnD
$1.85M
$1.62M – $2.16M
NOI $129,584 @ 7.0% cap · market cap 9.97%
Second Best
Industrial
$1.55M
$1.36M – $1.81M
NOI $108,646 @ 7.0% cap · market cap 8.36%
Theoretical Best
Office A
$4.03M
$3.53M – $4.70M
NOI $282,225 @ 7.0% cap · market cap 21.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
467
Businesses Nearby
Balanced
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Amarillo's Custom Catering — 7691 Canyon Dr, Amarillo, TX 79110, United States
- 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 - Versatile commercial property suited to office, storage, and light industrial uses.
Where is this flex space located?
The property is located at 6633 Canyon Dr Amarillo, TX.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Flex space suitable for office, storage, or light industrial purposes; 18,058 property size; East side of I‑27 between Bell and Hillside
