Flex Space with
For Sale
Contact for pricing
8201 S Grand St, Amarillo, TX 79118
New commercial facility combines office amenities with a dedicated warehouse and secured outdoor area.
Property Size5,205 SF
Lot Size3.65 Acres
Price / SF$118.16
Days on Market157
Property Features for 8201 S Grand St
General Information
Standard status
Active
Size
5,205 SF
Lot size
3.65 Acres
Property subtype
Industrial, Land, Office
Warehouse & Industrial
Warehouse Space
4,000 SF
Drive-In Doors
2
Additional Details
Fenced Yard
Yes
Listing Agency:
Real Broker
(806) 576-7383
Listed By:
Breanna Davis · License #766092
Source:
Crexi
Added: Mar 28
Changed: Aug 30
Last Checked: Aug 30 at 6:07AM
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 Real Broker
Investment Insights
Based on property information with market context.
This newly constructed flex property provides 5,205 square feet across office and warehouse components on 3.65 acres. The office area includes a reception space, two executive offices totaling approximately 800 square feet, two restrooms, and a kitchen. The 4,000-square-foot warehouse is configured for operational use with two 12-by-12-foot garage doors.
A fenced perimeter provides controlled exterior space, while spray foam insulation supports year-round building performance. The property also includes a private well and is located at 8201 S Grand St in Amarillo, Texas.
A fenced perimeter provides controlled exterior space, while spray foam insulation supports year-round building performance. The property also includes a private well and is located at 8201 S Grand St in Amarillo, Texas.
Key Highlights
- 5,205‑square‑foot flex property on 3.65 acres
- 4,000‑square‑foot warehouse with two 12x12 garage doors
- Two executive offices totaling approximately 800 sq ft
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
$40,774
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
6.63%
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%
$815,480
$815.5K
Cap Rate 7%
$582,486
$582.5K
Cap Rate 9%
$453,044
$453.0K
Market Conditions
NOI Build-Up for 5,205 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
$50.0K $9.60/SF
− Vacancy
−$2.0K −$0.38/SF
EGI
$48.0K $9.22/SF
− OpEx
−$7.2K −$1.38/SF
NOI
$40.8K $7.83/SF
Area
Amarillo, TX
Vacancy
4.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
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%
$815,480
Cap Rate 7%
$582,486
Cap Rate 9%
$453,044
Alternative Uses
Best Use
Office B
$853.2K
$746.6K – $995.5K
NOI $59,727 @ 7.0% cap · market cap 9.71%
Second Best
Warehouse
$582.5K
$509.7K – $679.6K
NOI $40,774 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,348 @ 7.0% cap · market cap 13.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79118, TX
27,608
Population
11,116
Households
2.5
Avg Household Size
35
Median Age
25%
College-Educated
92%
High-School Grad
159.4 sq mi
ZIP Area
173
Density / Sq Mi
$87,011
Median Household Income
$44,141
Median Earnings
$1,328
Median Rent
$224,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - New commercial facility combines office amenities with a dedicated warehouse and secured outdoor area.
Where is this flex space located?
The property is located at 8201 S Grand St Amarillo, TX.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: 5,205‑square‑foot flex property on 3.65 acres; 4,000‑square‑foot warehouse with two 12x12 garage doors; Two executive offices totaling approximately 800 sq ft
