Storefront
New
For Sale
$325,000
7230 SW 34th, Amarillo, TX 79109
The 1983 building occupies a former retail site along SW 34th with convenient access and established surrounding development.
Property Size2,530 SF
Days on Market3
Property Features for 7230 SW 34th
General Information
Standard status
Active
Size
2,530 SF
Property subtype
Retail
Zoning
GR
Building Details
Building Size
2,530 SF
Year Built
1983
Listing Agency:
Coldwell Banker Commercial First Equity
(806) 468-4831
Listed By:
Tom Roller
(806) 468-4831
Source:
Cbcworldwide
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 23 at 2:42AM
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 Coldwell Banker Commercial First Equity
Investment Insights
Based on property information with market context.
Built in 1983, this storefront property at 7230 SW 34th is identified as a former retail location. The site carries GR zoning and is positioned just east of the 34th and Coulter intersection in Amarillo.
The surrounding area includes established retail, residential, and commercial development, along with an existing local population base. Its SW 34th address and proximity to the intersection provide access to the surrounding trade area. The property may accommodate retail or service-oriented use, subject to applicable requirements.
The surrounding area includes established retail, residential, and commercial development, along with an existing local population base. Its SW 34th address and proximity to the intersection provide access to the surrounding trade area. The property may accommodate retail or service-oriented use, subject to applicable requirements.
Key Highlights
- GR‑zoned storefront property
- Built in 1983
- Former retail location at 7230 SW 34th, Amarillo, TX 79109
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
$24,440
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
7.52%
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%
$488,800
$488.8K
Cap Rate 7%
$349,143
$349.1K
Cap Rate 9%
$271,556
$271.6K
Market Conditions
NOI Build-Up for 2,530 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
$38.0K $15.00/SF
− Vacancy
−$3.0K −$1.20/SF
EGI
$34.9K $13.80/SF
− OpEx
−$10.5K −$4.14/SF
NOI
$24.4K $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%
$488,800
Cap Rate 7%
$349,143
Cap Rate 9%
$271,556
Alternative Uses
Best Use
Retail
$349.1K
$305.5K – $407.3K
NOI $24,440 @ 7.0% cap · market cap 7.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$564.9K
$494.3K – $659.0K
NOI $39,541 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
544
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - The 1983 building occupies a former retail site along SW 34th with convenient access and established surrounding development.
Where is this storefront property located?
The property is located at 7230 SW 34th Amarillo, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: GR‑zoned storefront property; Built in 1983; Former retail location at 7230 SW 34th, Amarillo, TX 79109
