Open-Plan Retail
For Sale
Contact for pricing
6200 Hillside Road, Amarillo, TX 79109
High ceilings, dressing areas, private office, and rear plumbing support flexible retail presentation and service functions.
Property Size2,280 SF
Price / SF$164.47
Days on Market130
Property Features for 6200 Hillside Road
General Information
Standard status
Active
Size
2,280 SF
Property subtype
Retail, Office
Zoning
GR - General Retail
Amenities
open floor plan
high ceilings
dressing room
private office
rear workspace
restroom
back-of-house space
Building Details
Year Built
2008
Tenancy
Multi
Listing Agency:
Gaut Whittenburg Emerson CRE
Listed By:
Sheril Fuller · License #TX 784282
Source:
Crexi
Added: Apr 23
Changed: Aug 29
Last Checked: Aug 29 at 8:30PM
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 Gaut Whittenburg Emerson CRE
Investment Insights
Based on property information with market context.
This 2,280-square-foot retail condo, built in 2008, is arranged around a broad sales floor with high ceilings and a dressing area containing multiple changing rooms. A private office, restroom, rear work area, and additional back-of-house space support daily operations. Plumbing in the rear workspace may accommodate a break area or kitchenette.
The suite carries GR - General Retail zoning and is positioned at 6200 Hillside Road in Amarillo. Its configuration can accommodate retail merchandising, showroom functions, and other permitted retail or service uses. Condominium association restrictions exclude salons, nail spas, and Thai food restaurants from the development.
The suite carries GR - General Retail zoning and is positioned at 6200 Hillside Road in Amarillo. Its configuration can accommodate retail merchandising, showroom functions, and other permitted retail or service uses. Condominium association restrictions exclude salons, nail spas, and Thai food restaurants from the development.
Key Highlights
- 2,280‑square‑foot retail condo at 6200 Hillside Road
- GR - General Retail zoning
- Open sales floor with high ceilings
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
$22,025
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
5.87%
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%
$440,500
$440.5K
Cap Rate 7%
$314,643
$314.6K
Cap Rate 9%
$244,722
$244.7K
Market Conditions
NOI Build-Up for 2,280 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
$34.2K $15.00/SF
− Vacancy
−$2.7K −$1.20/SF
EGI
$31.5K $13.80/SF
− OpEx
−$9.4K −$4.14/SF
NOI
$22.0K $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%
$440,500
Cap Rate 7%
$314,643
Cap Rate 9%
$244,722
Alternative Uses
Best Use
Retail
$314.6K
$275.3K – $367.1K
NOI $22,025 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$509.1K
$445.4K – $593.9K
NOI $35,634 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
329
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Retail space - High ceilings, dressing areas, private office, and rear plumbing support flexible retail presentation and service functions.
Where is this retail space located?
The property is located at 6200 Hillside Road Amarillo, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2,280‑square‑foot retail condo at 6200 Hillside Road; GR - General Retail zoning; Open sales floor with high ceilings
