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    2300 Bell St Amarillo, TX 79106

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    For Lease
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    Bell Street I-40 West Retail/Office

    Lot size:
    33,192 SF

    Property Features for 2300 Bell St

    General Information

    Property type
    Office Units
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    33,192 SF
    Class
    C
    Total Rate
    38724

    Building Details

    Stories
    1

    Spaces For Lease

    at 2300 Bell St, Amarillo, TX 79106 Contact us
    Unit Available Space 1

    $15 /Mo

    Size
    1,954 SF
    Contact us
    Unit Available Space 2

    $16 /Mo

    Size
    1,650 SF
    Contact us
    Unit Available Space 20

    $14 /Mo

    Size
    1,340 SF
    Contact us

    We can help!

    Listing Contact
    Lisa Hayes-Burt
    Lisa Hayes-Burt

    Listing Agency: FIMC Commercial Realty Listing Agent: Lisa Hayes-Burt

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Interstate Village offers three available creative office suites within a well-maintained shopping center. This Class C property boasts a highly visible location at the intersection of Bell Street and I-40 West, providing excellent accessibility and exposure. The single-story building totals 33,192 square feet and comprises three suites in a multi-tenant configuration. Suite sizes range from 1,340 to 1,954 square feet, offering flexibility for various business needs. Its proximity to the medical district adds to its strategic appeal. The property is situated in Potter County and enjoys easy access to Interstate 40, a major transportation artery. This presents a unique opportunity for businesses seeking a prominent location with high visibility and convenient access to a significant transportation network and a thriving medical community. The building's excellent condition and strategic placement make it an attractive option for businesses seeking a well-established and easily accessible location. The available spaces are ideal for companies needing flexible and adaptable office environments. Consider this prime location for your business expansion or relocation. The property's multi-tenant nature offers a collaborative and dynamic work environment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Boost Mobile Mobile Phone Store Neo Nails, LLC Nail Salon Supercuts Hair Salon Haircut Lounge Hair Salon Southern Beauty TX™ (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Potter
    State
    Texas
    Longitude
    -101.9033417
    Latitude
    35.1880938

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    FAQs

    What type of property is this?
    Office units - Bell Street I-40 West Retail/Office
    Where is this office units located?
    The property is located at 2300 Bell St Amarillo, TX.
    What is the lease rate?
    The lease rate is $14-$16 SF/Yr.
    What are key features of this property?
    This property features: Retail and office property totaling 33,192 square feet.; Three suites available, ranging from 1,340 to 1,954 square feet.; Located in Potter County, at the highly visible intersection of Bell Street and I-40 West.
    (806) 358-7151 Call to check price and availability
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    2300 Bell St Amarillo, TX 79106
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2300 Bell St Amarillo, TX 79106
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    Contact for Pricing
    Please call us for current price
    and status of this listing Lisa Hayes-Burt
    Lisa Hayes-Burt
    (806) 358-7151
    Learn more
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