Leased Retail
For Sale
Contact for pricing
Pending
220 South Mc Masters Street, Amarillo, TX 79102
Retail storefront currently leased to H&R Block on a full NNN basis.
Property Size2,000 SF
Days on Market177
Property Features for 220 South Mc Masters Street
General Information
Standard status
Pending
Size
2,000 SF
Property subtype
Retail, Office
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$30,000
Building Details
Year Built
1984
Buildings
1
Tenancy
Single
Listing Agency:
FIMC Commercial Realty
Listed By:
Kirk Chudej · License #TX 604402
(806) 358-7151
Source:
Crexi
Added: May 7
Changed: Oct 26
Last Checked: Oct 28 at 7:02AM
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 FIMC Commercial Realty
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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.
This leased retail storefront is currently occupied by H&R Block under a Full NNN lease. The property is structured as an NNN offering, with rent currently stated at $2,500 per month.
The asset is located at 214 S McMasters in Amarillo, Texas.
The asset is located at 214 S McMasters in Amarillo, Texas.
Key Highlights
- Retail storefront built in 1984
- Currently leased to H&R Block
- Monthly rent is $2,500 under a Full NNN lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,320
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,400
$386.4K
Cap Rate 7%
$276,000
$276.0K
Cap Rate 9%
$214,667
$214.7K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$30.0K $15.00/SF
− Vacancy
−$2.4K −$1.20/SF
EGI
$27.6K $13.80/SF
− OpEx
−$8.3K −$4.14/SF
NOI
$19.3K $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%
$386,400
Cap Rate 7%
$276,000
Cap Rate 9%
$214,667
Alternative Uses
Best Use
Retail
$276.0K
$241.5K – $322.0K
NOI $19,320 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$446.5K
$390.7K – $521.0K
NOI $31,258 @ 7.0% cap · market cap 8.93%
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
Location Intelligence
Trade Area within ½ mile
351
Businesses Nearby
Explore this area
Business Placement
Demographics for 79102, TX
9,252
Population
4,695
Households
2
Avg Household Size
35
Median Age
20%
College-Educated
78%
High-School Grad
2.7 sq mi
ZIP Area
3,427
Density / Sq Mi
$48,551
Median Household Income
$34,911
Median Earnings
$891
Median Rent
$146,500
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
Frequently Asked Questions
What type of property is this?
NNN property - Retail storefront currently leased to H&R Block on a full NNN basis.
Where is this nnn property located?
The property is located at 220 South Mc Masters Street Amarillo, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Retail storefront built in 1984; Currently leased to H&R Block; Monthly rent is $2,500 under a Full NNN lease
