Leased Retail
214 S McMasters Amarillo, TX 79102
For Sale
Contact for pricing
Retail storefront currently leased to H&R Block on a full NNN basis.
Property Size2,000 SF
Price / SF$175
Days on Market79
Property Features for 214 S McMasters
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1984
Listing Agency:
FIMC Commercial Realty
(806) 358-7151
Listed By:
Kirk Chudej · License #TX 604402
Source:
Crexi
Added: May 7
Changed: Jul 23
Last Checked: Jul 23 at 1:32AM
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
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 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 | $30.0k | $15.00 |
| − Vacancy | −$2.4k | −$1.20 |
| EGI | $27.6k | $13.80 |
| − OpEx | −$8.3k | −$4.14 |
| NOI | $19.3k | $9.66 |
2,000 SF · lease $15.00/SF/yr · vacancy 8.00% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
H&R Block
Tax Preparation
FAQs
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 214 S McMasters 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
