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    7200 45Th Ave Amarillo, TX 79109

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    For Lease
    Contact for pricing

    Prime retail space, high traffic, flexible lease.

    Lot size:
    21,604 SF

    Property Features for 7200 45Th Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    21,604 SF
    Total Rate
    36006.67

    Spaces For Lease

    at 7200 45Th Ave, Amarillo, TX 79109 Contact us
    Unit Suite 2B

    $22 /Mo

    Size
    951 SF
    Contact us
    Unit Suite 2

    $22 /Mo

    Size
    1,557 SF
    Contact us

    We can help!

    Listing Contact
    Justin Kite
    Justin Kite

    Listing Agency: Coldwell Banker Commercial First Equity Listing Agent: Justin Kite

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

    Learn more

    Property Insight Report

    Overview

    Country Club Plaza offers 21,604 square feet of prime retail space in a multi-tenant strip center located at the highly visible, lighted intersection of Coulter and 45th in Potter County. This exceptional location boasts a remarkable daily traffic count of 44,172 vehicles, as verified by the County of Amarillo (COA), ensuring maximum exposure for your business. The property is zoned for General Retail use and offers flexible lease options with a minimum divisible space of 1,557 square feet and a maximum contiguous space of 1,584 square feet. Currently, 3,141 square feet of space is available. Tenant improvement allowances are negotiable. The property operates on a triple net (NNN) lease structure with a rate of approximately $4.40 per square foot. This dense retail area presents a unique opportunity for businesses seeking high visibility and strong foot traffic. Don't miss this chance to establish your presence in a thriving commercial hub.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Country Club Plaza Shopping Center & Mall Hillary Lay - State ... Insurance Agency BuyHappy Electronics Electronics & Wireless Store Panhandle Dental Dental Office Verity Mortgage Loan Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Potter
    State
    Texas
    Longitude
    -101.9191353
    Latitude
    35.1620977

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    FAQs

    What type of property is this?
    Neighborhood center - Prime retail space, high traffic, flexible lease.
    Where is this neighborhood center located?
    The property is located at 7200 45Th Ave Amarillo, TX.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: 21,604 square foot retail strip center in Potter County.; High visibility location at the lighted intersection of Coulter & 45th, with 44,172 cars per day (COA).; Multiple tenancies available, minimum divisible space 1,557 SF, maximum contiguous space 1,584 SF.
    (806) 354-3500 Call to check price and availability
    Request Owner's contact information
    7200 45Th Ave Amarillo, TX 79109
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    Amarillo, TX 79109
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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
    7200 45Th Ave Amarillo, TX 79109
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Justin Kite
    Justin Kite
    (806) 354-3500 (806) 468-4897
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