NNN Retail
For Sale
$565,000
6208 HILLSIDE Road, Amarillo, TX 79109
Commercial Sale, Amarillo, TX
Property Size2,400 SF
Price / SF$235.42
Days on Market164
Property Features for 6208 HILLSIDE Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
0200 - SW Amarillo in City Limits
Directions
From I-40 take Bell St south to Hillside and turn right.
Subdivision
0231 - Southpark/Windsor
Standard status
Active
APN
216046
Size
2,400 SF
Taxes and HOA fees
Tax Description
SOUTH PARK# 39 LOT 6-A BLOCK 0025 UNIT 1400 BLDG 1 HILLSIDE SUITES CONDOS & 11.111% UND INT COMMON ELEM
Legal Description
SOUTH PARK# 39 LOT 6-A BLOCK 0025 UNIT 1400 BLDG 1 HILLSIDE SUITES CONDOS & 11.111% UND INT COMMON ELEM
Building Details
Year built
2008
Listing Agency:
Team West Realty
(806) 356-6261
Listed By:
Louis Homen
(806) 223-8081
Added: May 14
Changed: Oct 8
Last Checked: Oct 24 at 4:06AM
MLS# 25-9183
Copyright © 2026 Amarillo Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,400-square-foot retail condominium was constructed in 2008 and is occupied under an NNN lease by Palm Beach Tan. The sale includes the condominium space and its existing tenancy; the tenant’s business operations remain separate from ownership of the real estate.
The property is part of Hillside Suites Condo Association, which oversees CAM operations and related fees. The tenancy has been in place since 2013, and the offering is described at an approximate 8% cap rate. Confidential lease materials are available through the stated NDA and proof-of-funds process.
The property is part of Hillside Suites Condo Association, which oversees CAM operations and related fees. The tenancy has been in place since 2013, and the offering is described at an approximate 8% cap rate. Confidential lease materials are available through the stated NDA and proof-of-funds process.
Key Highlights
- 2,400‑square‑foot retail condominium
- Occupied by Palm Beach Tan under an NNN lease
- Tenant in place since 2013
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,184
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$463,680
$463.7K
Cap Rate 7%
$331,200
$331.2K
Cap Rate 9%
$257,600
$257.6K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$36.0K $15.00/SF
− Vacancy
−$2.9K −$1.20/SF
EGI
$33.1K $13.80/SF
− OpEx
−$9.9K −$4.14/SF
NOI
$23.2K $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 Rate 5%
$463,680
Cap Rate 7%
$331,200
Cap Rate 9%
$257,600
Alternative Uses
Best Use
Retail
$331.2K
$289.8K – $386.4K
NOI $23,184 @ 7.0% cap · market cap 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$535.8K
$468.9K – $625.2K
NOI $37,509 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - Leased retail condominium with an established tenant and association-managed common-area operations.
Where is this nnn property located?
The property is located at 6208 HILLSIDE Road Amarillo, TX.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: 2,400‑square‑foot retail condominium; Occupied by Palm Beach Tan under an NNN lease; Tenant in place since 2013
