Multi-Tenant Retail Shopping
For Sale
$5,250,000
5901 Bell St, Amarillo, TX 79109
Bell Hillside Shopping Center offers 21 retail units plus satellite buildings with on-site signage and a durable metal roof.
Property Size46,301 SF
Lot Size4.48 Acres
Price / SF$113.39
Days on Market201
Property Features for 5901 Bell St
General Information
Standard status
Active
Size
46,301 SF
Lot size
4.48 Acres
Building Details
Tenancy
Multi
Listing Agency:
TK Realty
(817) 697-0226
Listed By:
Ryan Wilson
(817) 697-0226
Source:
Exprealty
Added: Jan 13
Changed: Jul 10
Last Checked: Aug 1 at 7:31AM
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 TK Realty
Investment Insights
Based on property information with market context.
Bell Hillside Shopping Center is a multi-tenant retail property featuring 21 units plus three satellite buildings. The site includes updated new signage and an existing billboard on site. A durable metal roof covers the main buildings, supporting long-term exterior protection for the center’s retail structure.
The property is located at a signalized high-traffic corner at 5901 Bell St in Amarillo, Texas. This corner placement is designed to support strong street presence for storefront-facing tenants and common area visibility.
For investors or owner-users seeking a retail platform with an established tenant mix, this center offers exposure to both retail and service uses within one consolidated shopping environment. With multiple units and satellite buildings under one ownership, it can accommodate a range of tenant sizes and merchandising needs while maintaining a coherent on-site retail configuration. Existing signage and the on-site billboard provide additional opportunities to support visibility for current tenants.
The property is located at a signalized high-traffic corner at 5901 Bell St in Amarillo, Texas. This corner placement is designed to support strong street presence for storefront-facing tenants and common area visibility.
For investors or owner-users seeking a retail platform with an established tenant mix, this center offers exposure to both retail and service uses within one consolidated shopping environment. With multiple units and satellite buildings under one ownership, it can accommodate a range of tenant sizes and merchandising needs while maintaining a coherent on-site retail configuration. Existing signage and the on-site billboard provide additional opportunities to support visibility for current tenants.
Key Highlights
- Bell Hillside Shopping Center on 4.48 acres at a signalized high‑traffic corner in Amarillo’s commercial corridor
- Multi‑tenant retail center with 21 units plus 3 satellite buildings
- Includes on‑site signage and an existing billboard for potential advertising revenue
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 | $694.5k | $15.00 |
| − Vacancy | −$55.6k | −$1.20 |
| EGI | $639.0k | $13.80 |
| − OpEx | −$191.7k | −$4.14 |
| NOI | $447.3k | $9.66 |
46,301 SF · lease $15.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$6.39M
$5.59M – $7.45M
NOI $447,268 @ 7.0% cap · market cap 8.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.34M
$9.05M – $12.06M
NOI $723,629 @ 7.0% cap · market cap 13.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 79109, TX
42,509
Population
20,308
Households
2.1
Avg Household Size
39
Median Age
33%
College-Educated
93%
High-School Grad
10.3 sq mi
ZIP Area
4,127
Density / Sq Mi
$68,579
Median Household Income
$41,410
Median Earnings
$945
Median Rent
$217,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Shopping center - Bell Hillside Shopping Center offers 21 retail units plus satellite buildings with on-site signage and a durable metal roof.
Where is this shopping center located?
The property is located at 5901 Bell St Amarillo, TX.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: Bell Hillside Shopping Center on 4.48 acres at a signalized high‑traffic corner in Amarillo’s commercial corridor; Multi‑tenant retail center with 21 units plus 3 satellite buildings; Includes on‑site signage and an existing billboard for potential advertising revenue
