Mixed-Use Property with Commercial
For Sale
$5,900,000
7432 S SONCY Road, Amarillo, TX 79119
COMMERCIAL - Amarillo, TX
Property Size21,280 SF
Lot Size4.00 Acres
Price / SF$277.26
Days on Market371
Property Features for 7432 S SONCY Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
0200 - SW Amarillo in City Limits
Directions
Head South on Soncy property is on the right just before Arden Road.
Subdivision
0223 - Town Square/Time Square
Standard status
Active
APN
220070
Size
21,280 SF
Lot size
4.00 Acres
Taxes and HOA fees
Tax Description
HILLSIDE TERRACE ESTATES # 13 LOT 001BLOCK 0028
Legal Description
HILLSIDE TERRACE ESTATES # 13 LOT 001BLOCK 0028
Utilities
Cooling system
Central Air
Amenities
tennis court
commercial kitchen
Building Details
Year built
2011
Listing Agency:
FIMC Commercial Realty
(806) 358-7151
Listed By:
Kirk Chudej · License #604402
(806) 358-7151
Added: Aug 19, 2025
Changed: Aug 4
Last Checked: Aug 24 at 1:06AM
MLS# 25-7294
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.
Located at 7432 S Soncy Road in Amarillo, this mixed-use property contains 21,280 square feet within a 4-acre site. Built in 2011, the building is equipped with central air and includes a commercial kitchen, tennis court, and parking areas.
The property is positioned at Soncy and Hillside, where the stated traffic count is 32,900. Additional acreage is available if desired, providing an option to expand the overall site beyond the existing 4 acres.
The property is positioned at Soncy and Hillside, where the stated traffic count is 32,900. Additional acreage is available if desired, providing an option to expand the overall site beyond the existing 4 acres.
Key Highlights
- 21,280 square feet on 4 acres
- Commercial kitchen included
- Tennis court on the property
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
$229,824
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
3.90%
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%
$4,596,480
$4.6M
Cap Rate 7%
$3,283,200
$3.3M
Cap Rate 9%
$2,553,600
$2.6M
Market Conditions
NOI Build-Up for 21,280 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
$408.6K $19.20/SF
− Vacancy
−$40.9K −$1.92/SF
EGI
$367.7K $17.28/SF
− OpEx
−$137.9K −$6.48/SF
NOI
$229.8K $10.80/SF
Area
Amarillo, TX
Vacancy
10.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
37.50%
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%
$4,596,480
Cap Rate 7%
$3,283,200
Cap Rate 9%
$2,553,600
Alternative Uses
Best Use
Mixed Use
$3.28M
$2.87M – $3.83M
NOI $229,824 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.75M
$4.16M – $5.54M
NOI $332,581 @ 7.0% cap · market cap 5.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
87
Businesses Nearby
Explore this area
Business Placement
Demographics for 79119, TX
21,147
Population
9,839
Households
2.1
Avg Household Size
37
Median Age
44%
College-Educated
97%
High-School Grad
99.5 sq mi
ZIP Area
213
Density / Sq Mi
$100,546
Median Household Income
$63,728
Median Earnings
$1,217
Median Rent
$335,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A 2011-built commercial property with central air, a tennis court, and parking.
Where is this mixed-use property located?
The property is located at 7432 S SONCY Road Amarillo, TX.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: 21,280 square feet on 4 acres; Commercial kitchen included; Tennis court on the property
