Neighborhood Shopping Center with
For Sale
Contact for pricing
4514 First United Bank Pkwy, Amarillo, TX 79119
2018-built neighborhood center is 85% occupied, with one remaining vacancy opportunity totaling 1,326 SF.
Property Size8,851 SF
Price / SF$179.64
Days on Market293
Property Features for 4514 First United Bank Pkwy
General Information
Standard status
Active
Size
8,851 SF
Property subtype
RETAIL
Occupancy
85%
Additional Details
Road Access
Yes
Building Details
Year Built
2018
Tenancy
Multi
Listing Agency:
STRIVE
(469) 844-8880
Listed By:
Will Schubert
(469) 844-8034
Source:
Moodyscre
Added: Nov 28, 2025
Changed: Sep 11
Last Checked: Sep 16 at 2:26PM
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 STRIVE
Investment Insights
Based on property information with market context.
This neighborhood shopping center was constructed in 2018 and features an attractive facade and well-maintained landscaping. The center is currently 85% occupied and includes a remaining 1,326 SF vacancy for lease-up.
The property benefits from exposure to a retail corridor along Soncy Rd and offers easy access to rapidly growing neighborhood demand. It also has strong visibility, signage, and access from a heavily trafficked thoroughfare in Amarillo.
Anchoring the center, Anytime Fitness has committed to execute a new 5-year lease at close of escrow. The surrounding tenant mix includes national and daily-needs operators such as Academy Sports + Outdoors, Dunkin’, Tropical Smoothie Café, Great Clips, O’Reilly Auto Parts, and United Supermarkets, among others.
The property benefits from exposure to a retail corridor along Soncy Rd and offers easy access to rapidly growing neighborhood demand. It also has strong visibility, signage, and access from a heavily trafficked thoroughfare in Amarillo.
Anchoring the center, Anytime Fitness has committed to execute a new 5-year lease at close of escrow. The surrounding tenant mix includes national and daily-needs operators such as Academy Sports + Outdoors, Dunkin’, Tropical Smoothie Café, Great Clips, O’Reilly Auto Parts, and United Supermarkets, among others.
Key Highlights
- 85% occupied neighborhood shopping center in the heart of Amarillo, TX
- Remaining vacancy totals 1,326 SF, offering immediate upside through lease‑up
- 2018 construction with an attractive facade and well‑maintained landscaping
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
$85,501
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
5.38%
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%
$1,710,020
$1.7M
Cap Rate 7%
$1,221,443
$1.2M
Cap Rate 9%
$950,011
$950.0K
Market Conditions
NOI Build-Up for 8,851 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
$132.8K $15.00/SF
− Vacancy
−$10.6K −$1.20/SF
EGI
$122.1K $13.80/SF
− OpEx
−$36.6K −$4.14/SF
NOI
$85.5K $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 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%
$1,710,020
Cap Rate 7%
$1,221,443
Cap Rate 9%
$950,011
Alternative Uses
Best Use
Retail
$1.22M
$1.07M – $1.43M
NOI $85,501 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,331 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
85%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
325
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79119, TX
21,147
Population
9,839
Households
2.1
Avg Household Size
37
Median Age
44%
College-Educated
97%
High-School Grad
99.5 sq mi
ZIP Area
213
Density / Sq Mi
$100,546
Median Household Income
$63,728
Median Earnings
$1,217
Median Rent
$335,700
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Coin Cloud Bitcoin ATM — 4501 Soncy Rd, Amarillo, TX 79119, United States
- Soncy Market Shopping Center — 3562 S Soncy Rd Suite 221, Amarillo, TX 79119
Frequently Asked Questions
What type of property is this?
Shopping center - 2018-built neighborhood center is 85% occupied, with one remaining vacancy opportunity totaling 1,326 SF.
Where is this shopping center located?
The property is located at 4514 First United Bank Pkwy Amarillo, TX.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: 85% occupied neighborhood shopping center in the heart of Amarillo, TX; Remaining vacancy totals 1,326 SF, offering immediate upside through lease‑up; 2018 construction with an attractive facade and well‑maintained landscaping
