Strip Mall with Glass
New
For Sale
$4,995,000
7669 Hillside, Amarillo, TX 79119
Multi-tenant retail property with rooftop mechanical units and a restaurant within the surrounding strip.
Property Size14,962 SF
Price / SF$333.85
Days on Market3
Property Features for 7669 Hillside
General Information
Standard status
Active
Size
14,962 SF
Property subtype
Street Retail
Occupancy
87%
Additional Details
Traffic Count
25,000 vehicles/day
Building Details
Building Size
14,962 SF
Year Built
2018
Buildings
1
Tenancy
Multi
Listing Agency:
thomasonscott
(806) 236-3736
Listed By:
Josh Langham · License #0664099
(806) 236-3736
Source:
Thebrokerlist
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 9 at 11:05AM
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 thomasonscott
Investment Insights
Based on property information with market context.
This 14,962-square-foot strip mall contains 6 retail units in a building constructed in 2018. The property is designed for retail occupancy and includes rooftop mechanical units described as well maintained. A solid glass storefront faces Hillside, providing a prominent street-facing presentation for the commercial spaces. The property reports 86.60% occupancy and is identified for retail use.
Located at 7669 Hillside in Amarillo, the center is positioned along a corridor reporting 25,000 in car count. A restaurant operates within the surrounding strip, while nearby shopping, dining, and entertainment destinations contribute to the broader retail setting. The property is supported by surrounding residential areas and is described as having the highest median income within 1, 3, and 5 miles in Amarillo.
Located at 7669 Hillside in Amarillo, the center is positioned along a corridor reporting 25,000 in car count. A restaurant operates within the surrounding strip, while nearby shopping, dining, and entertainment destinations contribute to the broader retail setting. The property is supported by surrounding residential areas and is described as having the highest median income within 1, 3, and 5 miles in Amarillo.
Key Highlights
- 14,962‑square‑foot building with 6 retail units
- Constructed in 2018
- 86.60% occupancy
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
$144,533
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
2.89%
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%
$2,890,660
$2.9M
Cap Rate 7%
$2,064,757
$2.1M
Cap Rate 9%
$1,605,922
$1.6M
Market Conditions
NOI Build-Up for 14,962 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
$224.4K $15.00/SF
− Vacancy
−$18.0K −$1.20/SF
EGI
$206.5K $13.80/SF
− OpEx
−$61.9K −$4.14/SF
NOI
$144.5K $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%
$2,890,660
Cap Rate 7%
$2,064,757
Cap Rate 9%
$1,605,922
Alternative Uses
Best Use
Retail
$2.06M
$1.81M – $2.41M
NOI $144,533 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.34M
$2.92M – $3.90M
NOI $233,838 @ 7.0% cap · market cap 4.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
25,000 VPD
Traffic count
86.6%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Strip mall - Multi-tenant retail property with rooftop mechanical units and a restaurant within the surrounding strip.
Where is this strip mall located?
The property is located at 7669 Hillside Amarillo, TX.
What is the asking price?
The asking price for this property is $4,995,000.
What are key features of this property?
This property features: 14,962‑square‑foot building with 6 retail units; Constructed in 2018; 86.60% occupancy
