NNN Retail Suite with Pole
For Sale
Contact for pricing
6801 Bell St, Amarillo, TX 79109
Suite 400 offers a large open retail area, two restrooms, and concrete floors within an NNN shopping center.
Property Size20,844 SF
Price / SF$172.18
Days on Market738
Property Features for 6801 Bell St
General Information
Standard status
Active
Size
20,844 SF
Property subtype
RETAIL
Listing Agency:
Gaut Whittenburg Emerson CRE
(806) 373-3111
Listed By:
Cathy Derr, CCIM · License #TEXAS#412282
(806) 679-8436
Source:
Moodyscre
Added: Sep 2, 2024
Changed: Aug 10
Last Checked: Sep 8 at 10:16AM
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.
Copper Ridge Shopping Center presents NNN leased retail space in Southwest Amarillo, professionally managed with common areas maintained. Suite 400 is currently available and features concrete floors with a layout that includes a large open retail area, a private office/storage area, two restrooms, and pole signage.
The center benefits from strong street exposure on Bell Street, with 18,926 cars per day reported. It is across from Stonegate Apartments and positioned between two high school campuses. The center currently includes tenants such as Optimal Physical Therapy, Serenity Nails, Green Gorilla, State Farm Insurance, The Sugaring Bar & Boutique, and Pizza Planet.
Suite 400 totals 3,000 square feet and includes two water fountains in addition to the restrooms and office/storage area, supporting a variety of retail configurations.
The center benefits from strong street exposure on Bell Street, with 18,926 cars per day reported. It is across from Stonegate Apartments and positioned between two high school campuses. The center currently includes tenants such as Optimal Physical Therapy, Serenity Nails, Green Gorilla, State Farm Insurance, The Sugaring Bar & Boutique, and Pizza Planet.
Suite 400 totals 3,000 square feet and includes two water fountains in addition to the restrooms and office/storage area, supporting a variety of retail configurations.
Key Highlights
- Suite 400 available in Copper Ridge Shopping Center: 3,000 SF with concrete floors.
- Suite layout features a large open retail area, private office/storage area, two restrooms, and pole signage.
- Shopping center is anchored by tenants including Pizza Planet, State Farm Insurance, Serenity Nails, and Optimal Physical Therapy.
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
$201,353
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
5.61%
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%
$4,027,060
$4.0M
Cap Rate 7%
$2,876,471
$2.9M
Cap Rate 9%
$2,237,256
$2.2M
Market Conditions
NOI Build-Up for 20,844 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
$312.7K $15.00/SF
− Vacancy
−$25.0K −$1.20/SF
EGI
$287.6K $13.80/SF
− OpEx
−$86.3K −$4.14/SF
NOI
$201.4K $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%
$4,027,060
Cap Rate 7%
$2,876,471
Cap Rate 9%
$2,237,256
Alternative Uses
Best Use
Retail
$2.88M
$2.52M – $3.36M
NOI $201,353 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.65M
$4.07M – $5.43M
NOI $325,767 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
471
Businesses Nearby
Balanced
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Shopping center - Suite 400 offers a large open retail area, two restrooms, and concrete floors within an NNN shopping center.
Where is this shopping center located?
The property is located at 6801 Bell St Amarillo, TX.
What is the asking price?
The asking price for this property is $3,589,000.
What are key features of this property?
This property features: Suite 400 available in Copper Ridge Shopping Center: 3,000 SF with concrete floors.; Suite layout features a large open retail area, private office/storage area, two restrooms, and pole signage.; Shopping center is anchored by tenants including Pizza Planet, State Farm Insurance, Serenity Nails, and Optimal Physical Therapy.
