Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7686 81St Ave Amarillo, TX 79119

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Affordable Industrial Units, 1,000-2,500 SF

    Lot size:
    16,000 SF

    Property Features for 7686 81St Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,000 SF

    Spaces For Lease

    at 7686 81St Ave, Amarillo, TX 79119 Contact us

    We can help!

    Listing Contact
    Gabe Irving
    Gabe Irving

    Listing Agency: Gaut Whittenburg Emerson CRE Listing Agent: Gabe Irving

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

    Learn more

    Property Insight Report

    Overview

    This exceptional industrial property in Randall County offers three available warehouse spaces, perfect for businesses seeking flexible and affordable solutions. The property boasts a total of 16,000 square feet, with individual units ranging from a minimum of 1,000 square feet to a maximum contiguous space of 2,500 square feet. Currently, 4,500 square feet are vacant and immediately available. The units are situated on a one-acre lot, zoned OCL (Outside City Limits), providing ample space and convenient access. Each warehouse features a 14-foot overhead door, ensuring easy loading and unloading of goods. The property's location offers easy access to thriving neighborhoods like Greenways, Westover, Heritage Hills, and Windsor Additions, making it an ideal location for distribution centers, storage facilities, workshops, or other industrial uses. The flexible design allows for units to be combined or divided to meet specific business needs. This new construction development presents a unique opportunity to establish a presence in a dynamic and affordable industrial area. Don't miss this chance to secure your ideal warehouse space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -101.9234508
    Latitude
    35.1263765

    Nearby Similar for Lease

    • $23 SF/Yr

      Office Tower in Medical District

      Professional office space in Amarillo Medical District with modern amenities.
      1215 S Coulter St, Amarillo, TX 79106
      View Details
    • $4 SF/Yr

      Warehouse with Updated Office Space

      Versatile warehouse space with offices, dock doors, and fenced yard.
      512 NE 2Nd Ave, Amarillo, TX 79107
      View Details
    • $7,500 /Mo

      Versatile Commercial Space in Amarillo

      Commercial space for lease with offices, kitchen, and warehouse.
      2801 Duniven Cir, Amarillo, TX 79109
      View Details
    • New
      $1,595 /Mo

      Office Space For Rent

      Office space available for lease in Amarillo, Texas.
      1022 SW 15Th Ave, Amarillo, TX 79102
      View Details
    • $6,500 /Mo

      Amarillo Warehouse on FM 1541

      11,840 SF warehouse for lease in southeast Amarillo.
      6400 S Washington St, Amarillo, TX 79118
      View Details
    • $6,400 /Mo

      Secured Warehouse with Gated Yard

      Fully secured warehouse with HVAC, security, and gated asphalt yard.
      5980 Arden Rd, Amarillo, TX 79114
      View Details
    • $24 SF/Yr

      Class A Office Space Amarillo

      Modern, well-appointed office space in The Colonies, Amarillo.
      5109 Lexington Sq, Amarillo, TX 79119
      View Details
    • New
      $2,700 /Mo

      Remodeled Office Space on I-40

      Remodeled office space with five private offices and storage.
      6601 W Interstate 40, Amarillo, TX 79106
      View Details
    • $7,775 /Mo

      Stand-Alone Office Building on I-40

      Highly visible office building with frontage on I-40 West.
      5305 I-40, Amarillo, TX 79106
      View Details
    • $14 SF/Yr
      Pending

      Office Space in Amarillo, TX

      Office space featuring private offices, conference room, and storage.
      8501 SW 34Th Ave, Amarillo, TX 79121
      View Details
    • $12 SF/Yr

      Prime Retail Space in Amarillo

      Commercial space in a dynamic shopping center off Amarillo Blvd.
      1815 E Amarillo Blvd, Amarillo, TX 79107
      View Details
    • $16 SF/Yr

      Versatile Retail Space, Amarillo, TX

      Highly visible retail space on a major street in Amarillo.
      6103 S Coulter St, Amarillo, TX 79119
      View Details

    FAQs

    What type of property is this?
    Distribution property - Affordable Industrial Units, 1,000-2,500 SF
    Where is this distribution property located?
    The property is located at 7686 81St Ave Amarillo, TX.
    What are key features of this property?
    This property features: 16,000 SF industrial warehouse building with multiple tenants.; 1,000 SF minimum divisible space, up to 2,500 SF contiguous space available.; 4,500 SF of vacant space currently available.
    (806) 373-3111 Call to check price and availability
    Request Owner's contact information
    7686 81St Ave Amarillo, TX 79119
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7686 81St Ave
    Amarillo, TX 79119
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    7686 81St Ave Amarillo, TX 79119
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Gabe Irving
    Gabe Irving
    Real Estate License ID: 0470065
    (806) 373-3111
    Learn more
    Google sign-in failed. Please try again or use another login method.