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    7203 I-40 Amarillo, TX 79106

    For Lease
    $8 SF/Yr ($15,780 /Mo)

    Amarillo, TX Strip Center: High-Traffic Location

    Lot size:
    23,670 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    Coulter Plaza, a single-story retail strip center in Amarillo, Texas, offers a prime retail space totaling 23,670 square feet. Currently, 3,692 square feet are available for lease. Built in 1985, this property boasts a masonry and glass front, providing excellent visibility from I-40. Convenient curbside parking is available for each unit. The center enjoys exceptional access from I-40 via Coulter Road, a major thoroughfare with over 53,000 vehicles daily. Its strategic location at the southwest corner of I-40 and Coulter Road places it adjacent to Westgate Mall and within the thriving regional retail and medical districts. The surrounding area features a strong concentration of national retailers, including Verizon, Amarillo National Bank, several restaurants, Target, Bed Bath & Beyond, Barnes & Noble, Best Buy, Home Depot, Sam's Club, Boot Barn, Northern Tool, Dillard's, Bealls, JCPenney, Kohl's, Office Max, Marble Slab Creamery, and Mattress Firm. The property is zoned GR - General Retail and is located at 7203 I-40 West, Amarillo, TX 79106, in Potter County. This presents a unique opportunity for businesses seeking high visibility and access to a dense customer base. The property features a single story building.

    Property Features for 7203 I-40

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    23,670 SF
    Total Rate
    15780

    Building Details

    Year Built
    1985
    Stories
    1

    Unit(s) available at that property

    Space
    Suite O
    Size
    3,692 SF
    Rate per SF
    $8

    HighLights

    • Lease Rate: $8.00 per square foot, triple net (NNN) with a base rent of $5.04 per square foot.
    • 3,692 square feet of available space.
    • 23,670 square foot building.
    • Built in 1985.
    • General Retail (GR) zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Map

    City
    Amarillo
    County
    Potter
    State
    Texas
    Longitude
    -101.9189786
    Latitude
    35.185731

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    FAQs

    What type of property is this?
    Neighborhood center - Amarillo, TX Strip Center: High-Traffic Location
    Where is this neighborhood center located?
    The property is located at 7203 I-40 Amarillo, TX.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: Lease Rate: $8.00 per square foot, triple net (NNN) with a base rent of $5.04 per square foot.; 3,692 square feet of available space.; 23,670 square foot building.
    Request Owner's contact information
    7203 I-40 Amarillo, TX 79106
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    Realmo Value Estimation

    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.

    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.

    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
    7203 I-40 Amarillo, TX 79106
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