Storefront
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 Market48
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, Realtors
Listed By:
Tom Roller, CCIM
(806) 468-4831
Source:
Cbcamarillo
Added: Aug 21
Changed: Sep 15
Last Checked: Oct 7 at 10:00AM
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, Realtors
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 / Yr
$24,440
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
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
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 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
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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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
