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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6661 Cyn Dr Amarillo, TX 79110-4343

    • Warehouses
    • 6,000 SF
    • 2.43 lot acres
    OFF-MARKET
    Value Estimations
    $690,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-4089884
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Installation365 / Flooring Contractor
    • Affordable Car Insurance / Commercial Agent / Auto Insurance Agency
    • RVG Motorsports / Auto Repair Shop
    • Luxury Bath Amarillo / Bathroom Remodeler

    Property Details for 6661 Cyn Dr

    Year built
    1984
    Lot size
    2.43 lot acres
    Property size
    6,000 SF
    Zone code
    PD
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    R-073-1820-0648
    APU
    R07318200648

    Description

    This exceptional executive office space, located at 6661 Canyon Dr in Amarillo, Texas, offers a fantastic opportunity for businesses seeking a prestigious address. The property, situated on a 25,700 sq ft lot, boasts a total building size of 37,014 sq ft and is zoned PD - Planned Development. Currently, 8,000 sq ft of vacant space is immediately available, divisible into units as small as 2,000 sq ft, with a maximum contiguous space of 8,000 sq ft. Each suite features impressive 17-foot ceilings. The building enjoys a prime location on the east side of I-27, between Bell and Hillside, providing excellent visibility and accessibility. This thriving business center is home to a diverse range of established businesses, including ProSource Wholesale, Local Legend Outfitters, Realty ONE Group Oculus, and Heavenly Hail Repair, creating a strong and reputable business community. The property is ready for occupancy, with availability beginning February 1st, 2023. This is an ideal location for businesses seeking high-quality office space in a dynamic and convenient Amarillo setting. In Randall County, this property offers a blend of modern amenities and a strategic location for optimal business growth.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $445,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,015,000
      6.5%
      $935,000
      7%
      $870,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $690,000
      Market price range: $199k - $691k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $460,000
      Current use
      OFFICE BUILDING
      $1,070,000
      Change: +131% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $985,000
      Change: +113% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $855,000
      Change: +85% Conversion: Easy
      RESTAURANT
      $720,000
      Change: +56% Conversion: Difficult
      RETAIL STORES
      $490,000
      Change: +6% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -101.895
    Latitude
    35.1352
    CBSA code
    11100
    CBSA name
    AMARILLO, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $23,731
    $211,701
    $1,124,223
    $1,335,924
    -
    $211,701
    $1,124,223
    $1,335,924

    Comparable in this City

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      $1,225,000
      11,824 SF

      4907 Washington St

      MINI-WAREHOUSE, STORAGE • 11,824 SF
      4907 Washington St, Amarillo, TX 79110-2631
      View Details
    • Value Estimation by Request
      2,725 SF

      3900 Business Park Dr

      MINI-WAREHOUSE, STORAGE • 2,725 SF
      3900 Business Park Dr, Amarillo, TX 79110
      View Details
    • Value Estimation
      $1,010,000
      9,800 SF

      6303 Western St

      MINI-WAREHOUSE, STORAGE • 9,800 SF
      6303 Western St, Amarillo, TX 79110
      View Details
    • Value Estimation by Request
      19,434 SF

      7517 Canyon Dr

      Distribution properties • 19,434 SF
      7517 Canyon Dr, Amarillo, TX 79110
      View Details
    • Value Estimation by Request
      2,400 SF

      Winners Cir

      WAREHOUSE, STORAGE • 2,400 SF
      Winners Cir, Amarillo, TX 79110
      View Details
    • Value Estimation by Request
      2,115 SF

      5209 Georgia St

      WAREHOUSE, STORAGE • 2,115 SF
      5209 Georgia St, Amarillo, TX 79110-3230
      View Details

    Similar Nearby for Sale

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      Property with excellent accessibility and visibility at I-27 & S Bonham.
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    • $499,000
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      Canyon Drive Commercial Property

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    • Contact for pricing
      7.40 Acres

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    • $349,000
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      Prime Amarillo development land, ideal for mixed-use.
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      0.50 Acres

      Amarillo Commercial Land Opportunity

      Prime 0.5-acre lot, ready for development.
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    Similar Nearby for Lease

    • $1,260 /Mo
      1,665 SF

      Versatile Flex Space in Amarillo

      Adaptable office, warehouse, and yard spaces available for lease.
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    • $960 /Mo
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      Versatile Flex Space in Amarillo

      Adaptable flex, industrial, warehouse, and office spaces available for rent.
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    • $800 /Mo
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      Versatile Business Park Space Available

      Flexible leases in a professional Amarillo business park.
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    • $250 SF/Yr
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      Versatile Business Park Space Available

      Flexible leases in a professional Amarillo business park.
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    • $745 /Mo
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      Versatile Flex Space in Amarillo

      Adaptable flex, office, and warehouse spaces in a business park.
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    • $1,575 /Mo
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      Versatile Business Park Space Available

      Flexible leases in a prestigious Amarillo business park.
      3970 Business Park Dr, Amarillo, TX 79110
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    6661 Cyn Dr
    Amarillo, TX 79110-4343
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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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