Amarillo Market Report
Amarillo commercial real estate market report — 2,815,000 SF tracked across 10 buildings, 14 sale comparables, 66 lease comparables and 12 loans with 5 maturing before 2029.
Fundamentals by property type
| Property type | Buildings | Inventory SF | Vacancy | Avg asking rent | Rent YoY | Avg cap rate | Avg $/SF |
|---|---|---|---|---|---|---|---|
| Industrial | 3 | 1,426,500 | 79.4% | $9.51 | 0.2% | 8.05% | $327 |
| Multi-Family | 3 | 818,300 | 6.9% | $22.96 | 2.5% | 5.49% | $369 |
| Office | 1 | 248,300 | 18.2% | $21.55 | 2.1% | 5.92% | $262 |
| Flex | 1 | 178,000 | 8.2% | $16.68 | 2.2% | 7.30% | $524 |
| Retail | 2 | 143,900 | 3.6% | $37.86 | 0.3% | 8.36% | $454 |
Recent sale comparables
| Date | Property | Type | Price | $/SF | Cap | Buyer |
|---|---|---|---|---|---|---|
| 2026-05-12 | 3578 W University Dr | Industrial | $58.37M | $185.19 | 8.74% | Dunmore Equities |
| 2024-01-03 | 2277 Las Colinas Blvd | Industrial | $23.56M | $39.97 | 8.60% | Aldergate Capital |
| 2023-10-12 | 3578 W University Dr | Industrial | $13.77M | $43.67 | 8.45% | Ironwood Capital Partners |
| 2022-10-23 | 868 Cedar Springs Rd | Multi-Family | $35.48M | $136.10 | 5.73% | Greystone Holdings |
| 2022-10-02 | 1202 Texas Ave | Retail | $8.05M | $229.40 | 5.18% | Ironwood Capital Partners |
| 2022-07-20 | 2277 Las Colinas Blvd | Industrial | $34.41M | $58.38 | 6.35% | Silverline Holdings |
| 2021-11-28 | 3578 W University Dr | Industrial | $21.23M | $67.36 | 5.42% | Hill Country Capital |
| 2021-08-09 | 868 Cedar Springs Rd | Multi-Family | $19.68M | $75.48 | 6.02% | Kestrel Investment Group |
| 2021-08-09 | 2277 Las Colinas Blvd | Industrial | $35.13M | $59.59 | 9.16% | Dunmore Equities |
| 2021-04-03 | 3021 Westheimer Rd | Retail | $14.09M | $129.48 | 5.79% | James River Properties |
| 2019-08-23 | 1202 Texas Ave | Retail | $3.15M | $89.80 | 7.75% | Quarry Point Partners |
| 2018-09-29 | 3021 Westheimer Rd | Retail | $11.07M | $101.76 | 6.40% | Dunmore Equities |
Debt and rollover exposure
12 loans totalling $426.21M are tracked against Amarillo assets. 5 of them, representing $127.8M, mature before January 2029. Separately, 36 tracked leases covering 829,560 SF expire in the same window.
Weighted average coupon on tracked Amarillo debt is 4.85% with average loan-to-value of 62.3%. See how to read a maturity schedule for the refinancing-gap method.
10 commercial properties are tracked in Amarillo, representing 2,815,000 SF of rentable building area, of which 1,253,800 SF is currently marketed as available.
Asking rents average $22.56 per square foot per year, the median marketed suite is 21,400 SF, and listings have been on market a median of 788 days.
The stock splits 4 Class A, 6 Class B, with construction dates from 1906 to 2022 (median 1998).
Methodology
Fundamentals are computed from RealStarGlobal's tracked inventory for Amarillo and re-cut on each build (2026-08-26). Sale and lease comparables are the tracked transaction set for assets in this market; loan records derive from recorded mortgages and tracked lender reporting. Property-level inventory in this demonstration dataset is RealStarGlobal sample data — live market activity, deal flow and news come from the Acquirepad CRE intelligence feed. Registry and GIS provenance per jurisdiction is set out in the data sourcing plan. Definitions follow the conventions described in why providers disagree about submarkets.