Copper Ridge Shopping Center
For Sale
Contact for pricing
6801 Bell S, Amarillo, TX 79109
Retail space for sale in a bustling Amarillo location.
Property Size20,884 SF
Price / SF$171.85
Days on Market2763
Property Features for 6801 Bell S
General Information
Standard status
Active
Size
20,884 SF
Property subtype
Retail
Zoning
General Retail
Lease Type
NNN
Building Details
Year Built
2001
Units
7
Tenancy
Multi
Listing Agency:
Gaut Whittenburg Emerson CRE
(806) 373-3111
Listed By:
Cathy Derr, CCIM · License #TX 0412282
Source:
Crexi
Added: Jan 29, 2019
Changed: Aug 8
Last Checked: May 19 at 10:07PM
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 Gaut Whittenburg Emerson CRE
Investment Insights
Based on property information with market context.
The Copper Ridge Shopping Center is located in a thriving commercial area of Southwest Amarillo, surrounded by a mix of businesses and residential neighborhoods. It offers high visibility and ample parking, with great accessibility for customers. The shopping center is professionally managed, ensuring that the common areas are well maintained. Tenants in the center include Optimal Physical Therapy, Serenity Nails, Green Gorilla, State Farm Insurance, The Sugaring Bar & Boutique, and Pizza Planet. Suite 400 is currently available, offering 3,000 square feet with concrete floors. The layout includes a large open retail area, two water fountains, a private office/storage area, and two restrooms, as well as pole signage. The property size is 20,884 square feet, making it an excellent option to establish your retail business.
Key Highlights
- High‑visibility location in a bustling commercial area of Southwest Amarillo.
- Ample parking and great accessibility for customers.
- Professionally managed shopping center ensuring well‑maintained common areas.
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
$201,739
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
5.62%
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%
$4,034,780
$4.0M
Cap Rate 7%
$2,881,986
$2.9M
Cap Rate 9%
$2,241,544
$2.2M
Market Conditions
NOI Build-Up for 20,884 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
$313.3K $15.00/SF
− Vacancy
−$25.1K −$1.20/SF
EGI
$288.2K $13.80/SF
− OpEx
−$86.5K −$4.14/SF
NOI
$201.7K $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%
$4,034,780
Cap Rate 7%
$2,881,986
Cap Rate 9%
$2,241,544
Alternative Uses
Best Use
Retail
$2.88M
$2.52M – $3.36M
NOI $201,739 @ 7.0% cap · market cap 5.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.66M
$4.08M – $5.44M
NOI $326,392 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
471
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 79109, TX
42,509
Population
20,308
Households
2.1
Avg Household Size
39
Median Age
33%
College-Educated
93%
High-School Grad
10.3 sq mi
ZIP Area
4,127
Density / Sq Mi
$68,579
Median Household Income
$41,410
Median Earnings
$945
Median Rent
$217,600
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?
Shopping center - Retail space for sale in a bustling Amarillo location.
Where is this shopping center located?
The property is located at 6801 Bell S Amarillo, TX.
What is the asking price?
The asking price for this property is $3,589,000.
What are key features of this property?
This property features: High‑visibility location in a bustling commercial area of Southwest Amarillo.; Ample parking and great accessibility for customers.; Professionally managed shopping center ensuring well‑maintained common areas.
