100 Westgate Pkwy E, Amarillo, TX 79121
Retail building near I-40 and Westgate Mall available for sale.
- Added:
- Feb 26, 2024
- Days on Market:
- 864
- Last Refresh:
- May 12 at 9:57 pm
Property Features for 100 Westgate Pkwy E
General Information
- Standard status
- Active
- Size
- 14,461 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1989
Listing office Pat Davis Properties (806) 355-7200
Listing date Feb 26, 2024
Source Crexi
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 Pat Davis Properties
HighLights
- High visibility location near I‑40 and Westgate Mall
- Ample parking and two front door entrances
- Features 11 offices and 4 bathrooms
- New hot water heater (2021) and roof (2017)
- Situated near national restaurants and retailers (Target, Best Buy)
- High traffic counts
Overview
Local 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 | $216.9k | $15.00 |
| − Vacancy | −$17.4k | −$1.20 |
| EGI | $199.6k | $13.80 |
| − OpEx | −$59.9k | −$4.14 |
| NOI | $139.7k | $9.66 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Amarillo
- County
- Randall
- State
- Texas
- Longitude
- -101.9331797
- Latitude
- 35.1853145