NNN Property With Corporate
For Sale
Contact for pricing
22 Care Cir, Amarillo, TX 79124
Corporate tenancy is supported by a true NNN lease extending through February 2029.
Property Size5,006 SF
Price / SF$187.77
Days on Market11
Property Features for 22 Care Cir
General Information
Standard status
Active
Size
5,006 SF
Property subtype
OFFICE
Building Details
Tenancy
Single
Listing Agency:
Coldwell Banker Commercial First Equity, Realtors
(806) 468-4899
Listed By:
Jared Duncan
Source:
Moodyscre
Added: Aug 13
Changed: Aug 21
Last Checked: Aug 23 at 12:27PM
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 Coldwell Banker Commercial First Equity, Realtors
Investment Insights
Based on property information with market context.
This 5,006-square-foot NNN property at 22 Care Cir in Amarillo, Texas is leased to a corporate tenant under a true NNN structure. The lease places responsibility for property taxes, insurance, and maintenance with the tenant, providing a defined operating framework for ownership.
The current lease term runs through February 2029. The property is identified as an NNN asset with office classification, combining an established corporate tenancy with a documented lease structure and remaining term.
The current lease term runs through February 2029. The property is identified as an NNN asset with office classification, combining an established corporate tenancy with a documented lease structure and remaining term.
Key Highlights
- 5,006‑square‑foot NNN property at 22 Care Cir, Amarillo, TX 79124
- Corporate tenant in place
- True NNN lease assigns taxes, insurance, and maintenance to the tenant
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
$57,444
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
6.11%
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%
$1,148,880
$1.1M
Cap Rate 7%
$820,629
$820.6K
Cap Rate 9%
$638,267
$638.3K
Market Conditions
NOI Build-Up for 5,006 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
$90.1K $18.00/SF
− Vacancy
−$13.5K −$2.70/SF
EGI
$76.6K $15.30/SF
− OpEx
−$19.1K −$3.82/SF
NOI
$57.4K $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%
$1,148,880
Cap Rate 7%
$820,629
Cap Rate 9%
$638,267
Alternative Uses
Best Use
Office B
$820.6K
$718.1K – $957.4K
NOI $57,444 @ 7.0% cap · market cap 6.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$978.0K – $1.30M
NOI $78,238 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,142
Businesses Nearby
Explore this area
Business Placement
Demographics for 79124, TX
11,585
Population
4,676
Households
2.5
Avg Household Size
45
Median Age
39%
College-Educated
94%
High-School Grad
181.2 sq mi
ZIP Area
64
Density / Sq Mi
$110,144
Median Household Income
$64,296
Median Earnings
$1,158
Median Rent
$325,900
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?
NNN property - Corporate tenancy is supported by a true NNN lease extending through February 2029.
Where is this nnn property located?
The property is located at 22 Care Cir Amarillo, TX.
What is the asking price?
The asking price for this property is $940,000.
What are key features of this property?
This property features: 5,006‑square‑foot NNN property at 22 Care Cir, Amarillo, TX 79124; Corporate tenant in place; True NNN lease assigns taxes, insurance, and maintenance to the tenant
