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    4178 Business Park Dr Amarillo, TX 79110

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    For Lease
    Contact for pricing

    Flex office/warehouse spaces in a prime Amarillo location.

    Type:Industrial
    Property size:
    6,000 SF
    Added:
    Sep 23, 2019
    Days on Market:
    2407
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 4178 Business Park Dr

    General Information

    Standard status
    Active
    Size
    6,000 SF
    Property subtype
    Industrial

    Spaces For Lease

    at 4178 Business Park Dr Contact us

    Suite 3862 $7 /Mo

    Size
    1,510 SF
    Type
    Industrial
    $930.00/monthn2 Offices, Warehouse
    Contact us

    Suite 3710 $7 /Mo

    Size
    1,500 SF
    Type
    Industrial
    $955/monthnWarehouse
    Contact us

    Suite 4006 $9 /Mo

    Size
    1,665 SF
    Type
    Industrial
    $1,260.00/monthn3 Offices, Warehouse, Yard, Free Standing
    Contact us

    Suite 6449 $10 /Mo

    Size
    1,130 SF
    Type
    Industrial
    $960.00/monthnReception, 2 Offices
    Contact us

    Suite 3978 $7 /Mo

    Size
    1,505 SF
    Type
    Industrial
    $900.00/monthn2 Offices, Warehouse
    Contact us

    Suite 3818 $10 /Mo

    Size
    868 SF
    Type
    Industrial
    $775.00/monthnOffice, 3812-3822 Connected
    Contact us

    Suite 3848 $8 /Mo

    Size
    1,430 SF
    Type
    Industrial
    $955.00/monthn1 Office, Warehouse
    Contact us

    Suite 3712 $6 /Mo

    Size
    3,100 SF
    Type
    Industrial
    $1,800.00/monthn1 Office, Warehouse
    Contact us

    Suite 3958 $9 /Mo

    Size
    890 SF
    Type
    Industrial
    $690.00/mo, Warehouse
    Contact us

    Suite 6501 $9 /Mo

    Size
    901 SF
    Type
    Industrial
    Office, Warehouse
    Contact us

    Suite 3736 $7 /Mo

    Size
    1,560 SF
    Type
    Industrial
    $995/monthnWarehouse
    Contact us

    Suite 3800 $7 /Mo

    Size
    3,713 SF
    Type
    Industrial
    $2,295.00/monthnReception, 4 Offices, Warehouse, 3 Overhead Doors
    Contact us

    Suite 3754 $9 /Mo

    Size
    800 SF
    Type
    Industrial
    $665.00/monthnWarehouse
    Contact us

    Suite 3810 $8 /Mo

    Size
    2,000 SF
    Type
    Industrial
    Reception, Office, Warehouse
    Contact us

    Suite 4132 $10 /Mo

    Size
    1,550 SF
    Type
    Industrial
    $1,325.00/monthnReception, 4 Offices
    Contact us

    Suite 4148 $10 /Mo

    Size
    1,200 SF
    Type
    Industrial
    Reception, 4 Offices
    Contact us

    Suite 4084 $8 /Mo

    Size
    1,500 SF
    Type
    Industrial
    $1,050.00/monthn4 Offices, Warehouse, Free Standing
    Contact us

    Suite 3706 $7 /Mo

    Size
    1,500 SF
    Type
    Industrial
    $955/monthnWarehouse
    Contact us

    Suite 6525 $9 /Mo

    Size
    1,100 SF
    Type
    Industrial
    $875.00/monthn2 Offices, Warehouse
    Contact us

    Suite 3966 $7 /Mo

    Size
    2,600 SF
    Type
    Industrial
    Office, Warehouse
    Contact us

    Suite 3750 $8 /Mo

    Size
    1,250 SF
    Type
    Industrial
    $875/monthnOffice, Warehouse
    Contact us

    Suite 3798 $7 /Mo

    Size
    1,300 SF
    Type
    Industrial
    $850/monthnWarehouse
    Contact us

    Suite 3820 $10 /Mo

    Size
    884 SF
    Type
    Industrial
    $795.00/monthnOffice/Break Area, 3818-3822 Connected
    Contact us

    Suite 3990 $8 /Mo

    Size
    1,300 SF
    Type
    Industrial
    $925/monthn1 Office, Warehouse
    Contact us

    Suite 3856 $6 /Mo

    Size
    1,850 SF
    Type
    Industrial
    Office, Warehouse
    Contact us

    Suite 3700 $7 /Mo

    Size
    4,550 SF
    Type
    Industrial
    $2860.00/monthnReception, 5 Offices, Warehouse, 1,500 SF Upstairs
    Contact us

    Suite 3950 $10 /Mo

    Size
    950 SF
    Type
    Industrial
    2 Offices, Warehouse
    Contact us

    Suite 6313 $10 /Mo

    Size
    1,150 SF
    Type
    Industrial
    $1,010.00/monthnOffice, Warehouse
    Contact us

    Suite 3866 $7 /Mo

    Size
    1,290 SF
    Type
    Industrial
    $810/monthnOffice, Warehouse
    Contact us

    Suite 4066 $9 /Mo

    Size
    800 SF
    Type
    Industrial
    $650.00/monthnWarehouse
    Contact us

    Suite 3822 $9 /Mo

    Size
    1,100 SF
    Type
    Industrial
    $875.00/monthnWarehouse, 3812-3822 Connected
    Contact us

    Suite 6531 $8 /Mo

    Size
    1,525 SF
    Type
    Industrial
    $1,035.00/monthn2 Offices, Warehouse with 3 overhead doors
    Contact us

    Suite 4094 $9 /Mo

    Size
    930 SF
    Type
    Industrial
    $745.00/monthnOffice, Warehouse
    Contact us

    Suite 3846 $10 /Mo

    Size
    1,175 SF
    Type
    Industrial
    $995.00/monReception, 4 Offices
    Contact us

    Suite 6309 $10 /Mo

    Size
    1,000 SF
    Type
    Industrial
    $900.00/monthnOffice, Warehouse
    Contact us

    Suite 4048C $3 /Mo

    Size
    800 SF
    Type
    Industrial
    $250.00/monthnStorage
    Contact us

    Suite 3982 $7 /Mo

    Size
    1,980 SF
    Type
    Industrial
    $1,265.00/monthnOffice, Warehouse
    Contact us

    Suite 3864 $7 /Mo

    Size
    1,490 SF
    Type
    Industrial
    $980.00/ month, Warehouse
    Contact us

    Suite 4076 $8 /Mo

    Size
    1,300 SF
    Type
    Industrial
    $875.00/monWarehouse, 14 ft doors
    Contact us

    Suite 4098 $10 /Mo

    Size
    1,000 SF
    Type
    Industrial
    $850.00/monthnOffice, Warehouse
    Contact us

    Suite 3748 $7 /Mo

    Size
    1,500 SF
    Type
    Industrial
    $955/monthnOffice, Warehouse
    Contact us

    Suite 3992 $8 /Mo

    Size
    1,300 SF
    Type
    Industrial
    $925.00/monthn1 Office, Warehouse
    Contact us

    Suite 4096 $11 /Mo

    Size
    650 SF
    Type
    Industrial
    $640.00/monthnOffice
    Contact us

    Suite 4168 $10 /Mo

    Size
    1,200 SF
    Type
    Industrial
    $1,010.00/monthnRetail/Office
    Contact us

    Suite 4156 $14 /Mo

    Size
    575 SF
    Type
    Industrial
    Office
    Contact us

    Suite 3814 $6 /Mo

    Size
    3,562 SF
    Type
    Industrial
    Reception, Office, Warehouse
    Contact us
    Show more

    We can help!

    Listing Contact
    Justin Kite, CCIM, SIOR

    Listing agent Justin Kite, CCIM, SIOR License #TX 478313

    Listing office Coldwell Banker Commercial First Equity

    Listing date Sep 23, 2019

    Source Crexi

    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

    Overview

    Versatile Flex Office/Warehouse Suites

    Western Business Park features flex office and warehouse suites suitable for various business needs. Situated on South Western Street, south of Interstate 27, the location provides accessibility throughout Amarillo, making it suitable for logistics, operations, and client access. Suites range from 400 to 6,000 square feet, accommodating startups and expanding enterprises. Each unit includes a dedicated office space, a private restroom, and a ground-level roll-up overhead door for loading and unloading. The property delivers functionality, flexibility, and accessibility in a professional setting.
    Location Intelligence

    Current Use by Public Records

    Western Business Park Real Estate Agency Canyon Business Park Business Service Center

    Suggested Use

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

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

    Similar Places Nearby

    • 3 Square Meals — 4132 Business Park Dr, Amarillo, TX 79110

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -101.8833667
    Latitude
    35.1431817

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      Warehouse with Updated Office Space

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      Retail Space in High-Traffic Area

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      Functional Shop Space in Amarillo

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      Coronado Shopping Center Retail Space

      Prime commercial space in high-traffic Amarillo shopping center.
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    FAQs

    What type of property is this?
    Flex space - Flex office/warehouse spaces in a prime Amarillo location.
    Where is this flex space located?
    The property is located at 4178 Business Park Dr Amarillo, TX.
    What are key features of this property?
    This property features: Prime Amarillo location with easy access from anywhere in the city, just south of Interstate 27.; Versatile flex office/warehouse spaces suitable for a wide range of business needs.; Suites range in size from 400 sq. ft. to 6,000 sq. ft., accommodating various business sizes.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Justin Kite, CCIM, SIOR
    Real Estate License ID: TX 478313
    Learn More
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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
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