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    6636 Canyon Dr Amarillo, TX 79109

    For Sale
    $900,000

    Multi-tenant warehouse, 5.39% cap rate.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional Amarillo, Texas investment opportunity presents a stabilized, multi-tenant warehouse complex totaling 17,700 net rentable square feet. The property, situated on a 2.25-acre lot at 6636 Canyon Drive, boasts a prime location with easy access to I-27, featuring 130 feet of frontage and two entries off Canyon Drive. The complex comprises three buildings constructed in 1963, 1964, and 2020, offering a mix of established and newer structures. Currently 100% occupied by three tenants under a modified lease with a remaining term of approximately 1.7 years (expiring July 31, 2026, with lease commencement August 1, 2023), generating a strong net operating income (NOI) of $48,536 and a 5.39% capitalization rate. Key features include a loading dock, one dock-high door, a newer six-bay shop with 15 feet of surrounding concrete, a newer electric gate, a security system, a steel fence, and updated office space with central heating and air conditioning. A nearby lavatory complements the office. Significant advertising potential is offered by a double-sided digital 10x20 billboard and a lighted 10x20 billboard. The property also benefits from separate electric meters for each tenant and ample yard space. The property is classified as Class C industrial and is offered at an asking price of $900,000. The property is not subject to a ground lease. APN: 213170.

    Property Features for 6636 Canyon Dr

    General Information

    Property type
    Distribution properties
    Class
    C
    Lot Size
    98,010 SF

    Building Details

    Buildings
    3
    Stories
    1

    HighLights

    • 17,700 SF multi‑tenant warehouse complex on a 2.25‑acre lot in Amarillo, TX, with excellent I‑27 access.
    • Prime location with 130' of frontage and dual Canyon Drive entries.
    • Three buildings (1963, 1964, 2020) with a mix of newer and established structures.
    • 100% occupied with a modified lease expiring July 31, 2026, generating $48,536 NOI and a 5.39% cap rate.
    • Features include loading dock, dock‑high door, six‑bay shop, electric gate, security system, fenced yard, updated office space with HVAC, and separate electric meters for each tenant.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -101.8963134
    Latitude
    35.1376421

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    FAQs

    What type of property is this?
    Distribution property - Multi-tenant warehouse, 5.39% cap rate.
    Where is this distribution property located?
    The property is located at 6636 Canyon Dr Amarillo, TX.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: 17,700 SF multi-tenant warehouse complex on a 2.25-acre lot in Amarillo, TX, with excellent I-27 access.; Prime location with 130' of frontage and dual Canyon Drive entries.; Three buildings (1963, 1964, 2020) with a mix of newer and established structures.
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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
    6636 Canyon Dr Amarillo, TX 79109
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