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    3315 Bell St Amarillo, TX 79106

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    For Lease
    Contact for pricing

    Prime Amarillo shopping center space available.

    Lot size:
    109,641 SF

    Property Features for 3315 Bell St

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    109,641 SF
    Total Rate
    109641

    Spaces For Lease

    at 3315 Bell St, Amarillo, TX 79106 Contact us
    Unit Suite 3315

    $14 /Mo

    Size
    36,344 SF
    Contact us
    Unit Suite 3335

    $14 /Mo

    Size
    4,030 SF
    Contact us
    Unit Suite 3337

    $14 /Mo

    Size
    2,535 SF
    Contact us
    Unit Suite 3363A

    $14 /Mo

    Size
    1,350 SF
    Contact us
    Unit Suite 5700

    $14 /Mo

    Size
    4,243 SF
    Contact us
    Unit Suite 3339

    $14 /Mo

    Size
    13,834 SF
    Contact us
    Unit Suite 3307B

    $14 /Mo

    Size
    2,025 SF
    Contact us
    Unit Suite 3353

    $14 /Mo

    Size
    2,000 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Justin Kite
    Justin Kite

    Listing Agency: Coldwell Banker Commercial First Equity, Realtors Listing Agent: Justin Kite

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

    Learn more

    Overview

    This exceptional retail opportunity presents 109,641 square feet of space at 3315 Bell St, Amarillo, TX 79106, within the Village on Bell Shopping Center. The property boasts a desirable location with high visibility, situated at the intersection of 34th and Bell, experiencing a significant daily traffic count of 45,945 vehicles. The center features four suites, with a substantial 54,713 square feet currently vacant, offering flexibility for various retail concepts. Units are divisible to a minimum of 2,000 square feet, with a maximum contiguous space of 36,344 square feet. The property sits on a 7.52-acre lot and is zoned GR. This prime retail location benefits from a dense concentration of established retailers in the immediate vicinity, including prominent names such as Hobby Lobby, Big Lots, Walgreens, Dollar General, and Ollie's. Tenant finish-out options are available, providing customization opportunities for prospective tenants. This is an excellent investment opportunity in a thriving Amarillo retail corridor within Potter County. The property offers significant potential for growth and return on investment due to its high traffic location and strong tenant mix. Serious inquiries are encouraged to explore this exceptional retail space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Potter
    State
    Texas
    Longitude
    -101.9012952
    Latitude
    35.1780441

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Amarillo shopping center space available.
    Where is this lifestyle center located?
    The property is located at 3315 Bell St Amarillo, TX.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    (806) 354-3500 Call to check price and availability
    Request Owner's contact information
    3315 Bell St Amarillo, TX 79106
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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
    3315 Bell St Amarillo, TX 79106
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Justin Kite
    Justin Kite
    (806) 354-3500 (806) 468-4897
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