NNN Property With Corporate
For Sale
$940,000
22 Care Circle, Amarillo, TX 79124
Corporate tenancy is supported by a true NNN lease extending through February 2029.
Property Size5,006 SF
Days on Market55
Property Features for 22 Care Circle
General Information
Standard status
Active
Size
5,006 SF
Property subtype
Office - Medical Office
Building Details
Building Size
5,006 SF
Tenancy
Single
Listing Agency:
Coldwell Banker Commercial First Equity
Listed By:
Jared Duncan
(806) 468-4899
Source:
Commercialcafe
Added: Aug 14
Changed: Oct 3
Last Checked: Oct 5 at 3:21PM
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
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 / Yr
$57,444
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
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
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 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
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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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 Circle 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
