Retail Corner
For Sale
$437,342
920 FM 1151 W, Amarillo, TX 79118
Retail corner storefront positioned at a high-visibility intersection for convenient access and strong day-to-day visibility.
Property Size3,318 SF
Days on Market94
Property Features for 920 FM 1151 W
General Information
Standard status
Active
Size
3,318 SF
Property subtype
Retail
Zoning
OCL
Building Details
Building Size
3,318 SF
Year Built
2012
Listing Agency:
Coldwell Banker Commercial First Equity
Listed By:
Justin Kite, CCIM, SIOR · License #478313
(806) 468-4897
Source:
Cbcamarillo
Added: Jun 2
Changed: Sep 1
Last Checked: Sep 2 at 4:23PM
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
Investment Insights
Based on property information with market context.
This property is a retail storefront located on the northeast corner of Washington (FM 1541) and Claude Hwy (FM 1151). As a corner site, it offers straightforward exposure to traffic flowing on two intersecting corridors, supporting a practical retail presence for a wide range of tenants.
The site benefits from its prominent cross-street location at the meeting point of two Texas Farm-to-Market routes. With direct access from this intersection, the property is positioned for customers approaching from multiple directions, which can be an advantage for retail operators seeking consistent visibility.
For buyers or leasing prospects, a corner storefront like this can fit well for neighborhood-serving retail uses that value access and curb presence. It may also be suitable for investors looking for a simple retail asset tied to a major roadway intersection, where signage and front-of-store exposure typically play an important role in customer attraction.
The site benefits from its prominent cross-street location at the meeting point of two Texas Farm-to-Market routes. With direct access from this intersection, the property is positioned for customers approaching from multiple directions, which can be an advantage for retail operators seeking consistent visibility.
For buyers or leasing prospects, a corner storefront like this can fit well for neighborhood-serving retail uses that value access and curb presence. It may also be suitable for investors looking for a simple retail asset tied to a major roadway intersection, where signage and front-of-store exposure typically play an important role in customer attraction.
Key Highlights
- Retail corner storefront at the NE corner of Washington (FM 1541) and Claude Hwy (FM 1151)
- Built in 2012
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
$32,052
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
7.33%
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%
$641,040
$641.0K
Cap Rate 7%
$457,886
$457.9K
Cap Rate 9%
$356,133
$356.1K
Market Conditions
NOI Build-Up for 3,318 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
$49.8K $15.00/SF
− Vacancy
−$4.0K −$1.20/SF
EGI
$45.8K $13.80/SF
− OpEx
−$13.7K −$4.14/SF
NOI
$32.1K $9.66/SF
Area
Amarillo, TX
Vacancy
8.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$641,040
Cap Rate 7%
$457,886
Cap Rate 9%
$356,133
Alternative Uses
Best Use
Retail
$457.9K
$400.7K – $534.2K
NOI $32,052 @ 7.0% cap · market cap 7.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$740.8K
$648.2K – $864.3K
NOI $51,856 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
35
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail corner storefront positioned at a high-visibility intersection for convenient access and strong day-to-day visibility.
Where is this storefront property located?
The property is located at 920 FM 1151 W Amarillo, TX.
What is the asking price?
The asking price for this property is $437,342.
What are key features of this property?
This property features: Retail corner storefront at the NE corner of Washington (FM 1541) and Claude Hwy (FM 1151); Built in 2012
