Retail Condo NNN Lease
6208 HILLSIDE Road Amarillo, TX 79109
For Sale
$585,000
COMMERCIAL - Amarillo, TX
Property Size2,400 SF
Price / SF$243.75
Days on Market197
Property Features for 6208 HILLSIDE Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 216046
- Size
- 2,400 SF
Taxes and HOA fees
- Tax Description
- SOUTH PARK# 39 LOT 6-A BLOCK 0025 UNIT 1400 BLDG 1 HILLSIDE SUITES CONDOS & 11.111% UND INT COMMON ELEM
Building Details
- Year built
- 2008
Listing Agency:
Team West Realty
(806) 356-6261
Listed By:
Louis Homen
(806) 356-6261
Added: Jan 9
Changed: May 14
Last Checked: Jul 25 at 1:06PM
MLS# 25-9183
Copyright © 2026 Amarillo Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This is a retail condo space currently leased to Palm Beach Tan under a NNN lease. The property is offered at an approximate 8 CAP rate. The retail center has been operating successfully since 2008, with the current tenants leasing since 2013. The space is part of the Hillside Suites Condo Association, which manages CAM operations and fees. The property is located in Amarillo, TX, within the 79109-7804 postal code area. The property size is 2400 square feet.
Key Highlights
- Leased to Palm Beach Tan, a national tenant, under a NNN lease, providing passive income.
- Offered at an approximate 8% CAP rate, indicating a strong return on investment.
- Located in a successful retail center established in 2008.
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 | $36.0k | $15.00 |
| − Vacancy | −$2.9k | −$1.20 |
| EGI | $33.1k | $13.80 |
| − OpEx | −$9.9k | −$4.14 |
| NOI | $23.2k | $9.66 |
2,400 SF · lease $15.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$331.2K
$289.8K – $386.4K
NOI $23,184 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$535.8K
$468.9K – $625.2K
NOI $37,509 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Palm Beach Tan
Tanning Salon
NextHome Legends Realty ...
Real Estate Agency
English Rose Boutique
Clothing Store
Phil Haynes Chiropractic
Alternative Medicine Practice
Gillis, Jerry
Alternative Medicine Practice
FAQs
What type of property is this?
Retail space - Retail condo space leased to Palm Beach Tan with NNN lease.
Where is this retail space located?
The property is located at 6208 HILLSIDE Road Amarillo, TX.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Leased to Palm Beach Tan, a national tenant, under a NNN lease, providing passive income.; Offered at an approximate **8% CAP rate**, indicating a strong return on investment.; Located in a successful retail center established in 2008.
