High Visibility Retail
For Sale
$1,800,000
100 W Westgate Parkway, Amarillo, TX 79121
Retail building near I-40 and Westgate Mall available for sale.
Property Size14,461 SF
Price / SF$124.47
Days on Market196
Property Features for 100 W Westgate Parkway
General Information
Standard status
Active
Size
14,461 SF
Property subtype
Commercial
Building Details
Year Built
1989
Listing Agency:
Gaut Whittenburg Emerson Commercial Real Estate, LLC
Listed By:
Meagan Brown · License #800118
(806) 433-5407
Source:
Shopamarillohomes
Added: Mar 26
Changed: Aug 23
Last Checked: Aug 22 at 9:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gaut Whittenburg Emerson Commercial Real Estate, LLC
Investment Insights
Based on property information with market context.
This building offers an opportunity to own or lease in a high visibility location near I-40 and Westgate Mall. The property features two front door entrances and ample parking. Inside, there are 11 offices, 4 bathrooms, and storage rooms. HVAC systems are in place for temperature control. A new hot water heater was installed in 2021, and the roof was replaced in 2017. The property is situated near national restaurants and retailers such as Target and Best Buy. The property size is 14461 square feet.
Key Highlights
- High visibility location near I‑40 and Westgate Mall
- Ample parking and two front door entrances
- Features 11 offices and 4 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$139,693
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,793,860
$2.8M
Cap Rate 7%
$1,995,614
$2.0M
Cap Rate 9%
$1,552,144
$1.6M
Market Conditions
NOI Build-Up for 14,461 SF
Gross rent
$216.9K $15.00/SF
− Vacancy
−$17.4K −$1.20/SF
EGI
$199.6K $13.80/SF
− OpEx
−$59.9K −$4.14/SF
NOI
$139.7K $9.66/SF
Area
Amarillo, TX
Vacancy
8.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,793,860
Cap Rate 7%
$1,995,614
Cap Rate 9%
$1,552,144
Alternative Uses
Best Use
Retail
$2.00M
$1.75M – $2.33M
NOI $139,693 @ 7.0% cap · market cap 7.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.23M
$2.83M – $3.77M
NOI $226,008 @ 7.0% cap · market cap 12.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
743
Businesses Nearby
Explore this area
Business Placement
Demographics for 79121, TX
6,601
Population
2,953
Households
2.2
Avg Household Size
46
Median Age
47%
College-Educated
98%
High-School Grad
1.8 sq mi
ZIP Area
3,667
Density / Sq Mi
$66,438
Median Household Income
$37,578
Median Earnings
$976
Median Rent
$254,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Retail building near I-40 and Westgate Mall available for sale.
Where is this retail space located?
The property is located at 100 W Westgate Parkway Amarillo, TX.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: High visibility location near I‑40 and Westgate Mall; Ample parking and two front door entrances; Features 11 offices and 4 bathrooms
