Former Walgreens Storefront with
For Sale
Contact for pricing
1600 S Western St, Amarillo, TX 79106
Open-layout former Walgreens storefront with drive-thru, overhead fire suppression, and 75 parking spaces.
Property Size15,036 SF
Price / SF$192.87
Days on Market588
Property Features for 1600 S Western St
General Information
Standard status
Active
Size
15,036 SF
Total Parking Spaces
75
Property subtype
RETAIL
Site & Location
Drive-Thru
Yes
Road Access
Yes
Additional Details
Asking Price
$3,500,000
Sprinkler System
Yes
Listing Agency:
Gaut Whittenburg Emerson CRE
(806) 373-3111
Listed By:
Ben Whittenburg · License ##532785
Source:
Moodyscre
Added: Mar 21, 2025
Changed: Oct 26
Last Checked: Oct 28 at 12:15PM
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 CRE
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Former Walgreens storefront available for lease or sale at 1600 S Western St, Amarillo, TX 79106. The space offers an open layout floor plan, well suited for general retail, medical, restaurant, and other uses.
The property sits in a highly visible location at an intersection with ingress and egress to both Western and Plains. On-site parking is available with 75 parking places, and a drive-thru is in place.
Additional building features include an overhead fire suppression system. The tenant mix flexibility, combined with the practical drive-thru and parking layout, can support a range of street-facing concepts that benefit from a storefront presence and convenient customer access.
The property sits in a highly visible location at an intersection with ingress and egress to both Western and Plains. On-site parking is available with 75 parking places, and a drive-thru is in place.
Additional building features include an overhead fire suppression system. The tenant mix flexibility, combined with the practical drive-thru and parking layout, can support a range of street-facing concepts that benefit from a storefront presence and convenient customer access.
Key Highlights
- Former Walgreens storefront with open layout floor plan
- Drive‑thru in place
- 75 parking spaces for customer access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$145,248
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,904,960
$2.9M
Cap Rate 7%
$2,074,971
$2.1M
Cap Rate 9%
$1,613,867
$1.6M
Market Conditions
NOI Build-Up for 15,036 SF
Gross rent
$225.5K $15.00/SF
− Vacancy
−$18.0K −$1.20/SF
EGI
$207.5K $13.80/SF
− OpEx
−$62.2K −$4.14/SF
NOI
$145.2K $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%
$2,904,960
Cap Rate 7%
$2,074,971
Cap Rate 9%
$1,613,867
Alternative Uses
Best Use
Retail
$2.07M
$1.82M – $2.42M
NOI $145,248 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.36M
$2.94M – $3.92M
NOI $234,995 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Sprinkler system
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
499
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79106, TX
27,692
Population
13,385
Households
2.1
Avg Household Size
37
Median Age
24%
College-Educated
87%
High-School Grad
8.6 sq mi
ZIP Area
3,220
Density / Sq Mi
$54,407
Median Household Income
$36,061
Median Earnings
$995
Median Rent
$163,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Freeman's Flowers — 2934 Duniven Cir, Amarillo, TX 79109
- Fresh Flower Market — 2930 duniven cir, amarillo, tx 79109
Frequently Asked Questions
What type of property is this?
Storefront property - Open-layout former Walgreens storefront with drive-thru, overhead fire suppression, and 75 parking spaces.
Where is this storefront property located?
The property is located at 1600 S Western St Amarillo, TX.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Former Walgreens storefront with open layout floor plan; Drive‑thru in place; 75 parking spaces for customer access
