Retail and Office
For Sale
$2,775,025
9404 Hillside Road Suite 101, Amarillo, TX 79119
New construction retail and office suites with front-door parking and a suite layout featuring multiple offices and a breakroom.
Property Size10,091 SF
Days on Market148
Property Features for 9404 Hillside Road Suite 101
General Information
Standard status
Active
Size
10,091 SF
Property subtype
Retail - Strip
Additional Details
Traffic Count
37,898 vehicles/day
Building Details
Building Size
10,091 SF
Year Built
2023
Listing Agency:
Gaut Whittenburg Emerson Commercial Real Estate
Listed By:
Miles Bonifield · License #0594133
(806) 373-3111
Source:
Commercialcafe
Added: Apr 10
Changed: Aug 12
Last Checked: Jul 23 at 8:55AM
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
Investment Insights
Based on property information with market context.
New construction retail or office space in Southwest Amarillo, positioned on Hillside just west of Soncy Road and about a block west of Townsquare. The property offers 1st-generation retail and office suites with front door parking for convenient customer and employee access.
The center benefits from adjacency to Town Square Village, Vedure Fitness, and The Legacy at Town Square, supporting a mix of established neighborhood services and retailers. Existing tenant names mentioned include Edward Jones, Alliance Credit Union, Hot Worx, Ziggy's, and State Farm.
Suite 102 is planned to include 4-5 offices and a breakroom, making it suitable for professional office configurations within a retail-oriented environment. The location also provides visibility with approximately 37,898 cars passing by daily at the intersection of Soncy and Hillside, helping support ongoing foot-traffic and drive-by exposure.
The center benefits from adjacency to Town Square Village, Vedure Fitness, and The Legacy at Town Square, supporting a mix of established neighborhood services and retailers. Existing tenant names mentioned include Edward Jones, Alliance Credit Union, Hot Worx, Ziggy's, and State Farm.
Suite 102 is planned to include 4-5 offices and a breakroom, making it suitable for professional office configurations within a retail-oriented environment. The location also provides visibility with approximately 37,898 cars passing by daily at the intersection of Soncy and Hillside, helping support ongoing foot-traffic and drive-by exposure.
Key Highlights
- Year built 2023 new construction retail and office suites in southwest Amarillo
- Suites available for $275 PSF (shell condition)
- Front‑door parking for easy customer and tenant access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$115,794
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,315,880
$2.3M
Cap Rate 7%
$1,654,200
$1.7M
Cap Rate 9%
$1,286,600
$1.3M
Market Conditions
NOI Build-Up for 10,091 SF
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.
Gross rent
$181.6K $18.00/SF
− Vacancy
−$27.2K −$2.70/SF
EGI
$154.4K $15.30/SF
− OpEx
−$38.6K −$3.82/SF
NOI
$115.8K $11.48/SF
Area
Amarillo, TX
Vacancy
15.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,315,880
Cap Rate 7%
$1,654,200
Cap Rate 9%
$1,286,600
Alternative Uses
Best Use
Office B
$1.65M
$1.45M – $1.93M
NOI $115,794 @ 7.0% cap · market cap 4.17%
Second Best
Retail
$1.39M
$1.22M – $1.62M
NOI $97,479 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$2.25M
$1.97M – $2.63M
NOI $157,710 @ 7.0% cap · market cap 5.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
37,898 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
186
Businesses Nearby
Explore this area
Business Placement
Demographics for 79119, TX
21,147
Population
9,839
Households
2.1
Avg Household Size
37
Median Age
44%
College-Educated
97%
High-School Grad
99.5 sq mi
ZIP Area
213
Density / Sq Mi
$100,546
Median Household Income
$63,728
Median Earnings
$1,217
Median Rent
$335,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - New construction retail and office suites with front-door parking and a suite layout featuring multiple offices and a breakroom.
Where is this strip mall located?
The property is located at 9404 Hillside Road Suite 101 Amarillo, TX.
What is the asking price?
The asking price for this property is $2,775,025.
What are key features of this property?
This property features: Year built 2023 new construction retail and office suites in southwest Amarillo; Suites available for $275 PSF (shell condition); Front‑door parking for easy customer and tenant access
