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    Copper Ridge Shopping Center Retail Title is generated by Realmo AI

    6801 Bell S, Amarillo, TX 79109

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    Retail space for sale in a bustling Amarillo location.

    Type:Retail
    Property size:
    20,884 SF
    Price / SF:
    $171/SF
    Added:
    Jan 29, 2019
    Days on Market:
    2680
    Last Refresh:
    May 19 at 10:07 pm

    Property Features for 6801 Bell S

    General Information

    Standard status
    Active
    Size
    20,884 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2001

    We can help!

    Listing Contact
    Cathy Derr

    Listing agent Cathy Derr License #TX 0412282

    Listing office Gaut Whittenburg Emerson CRE

    Listing date Jan 29, 2019

    Source Crexi

    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

    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.
    • Suite 400 offers 3,000 sf of space with a large open retail area.
    • Layout includes a private office/storage area and 2 restrooms.
    • Pole signage available for tenant visibility.

    Overview

    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.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $313.3k $15.00
    − Vacancy −$25.1k −$1.20
    EGI $288.2k $13.80
    − OpEx −$86.5k −$4.14
    NOI $201.7k $9.66
    20,884 SF · lease $15.00/SF/yr · vacancy 8.00% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $2.88M
    $2.52M – $3.36M (±1% cap)
    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 (±1% cap)
    NOI $326,392 @ 7.0% cap · market cap 9.09%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Camille Fritzler Physician SERENITY NAILS AND SPA Nail Salon The Society Barbershop 2 Barber Shop The Society Barbershop Barber Shop Green Gorilla (Bike/Boat/Book/etc) Store

    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.

    Similar Places Nearby

    • Avondale Shopping Center — 1701-1781 S Avondale St, Amarillo, TX 79106
    • Coin Cloud Bitcoin ATM — 5041 Plains Blvd, Amarillo, TX 79106, United States
    • Coin Cloud Bitcoin ATM — 6001 I-40 Frontage Rd, Amarillo, TX 79106, United States
    • Coin Cloud Bitcoin ATM — 6802 wolflin ave, amarillo, tx 79106

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -101.9014017
    Latitude
    35.1386852

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    FAQs

    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.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Cathy Derr
    Real Estate License ID: TX 0412282
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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
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