Building Details

Year Built 2018

Buildings 1

Tenancy Multi

Listing Agency: Llano Real Estate Group Show Phone

Listed By: Josh Langham · License #0664099 Show Phone

Source: Moodyscre

Added: Aug 17 Changed: Oct 26 Last Checked: Oct 26 at 7:56PM

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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 Llano Real Estate Group

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Investment Insights

Based on property information with market context.

Built in 2018, this 14,962-square-foot shopping center contains 6 units configured for retail and street-retail uses. The property is zoned for retail use and provides a contemporary building format for multiple commercial occupants.

Located at 7669 Hillside Rd in Amarillo, Texas, the center has an 86.60% occupancy rate. Its six-unit configuration supports a multi-tenant retail format within the Amarillo market.

Key Highlights

• 14,962‑square‑foot shopping center
• 6 retail‑oriented units
• Constructed in 2018

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$144,533

Cap Rate

2.89%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,890,660 $2.9M

Cap Rate 7%

$2,064,757 $2.1M

Cap Rate 9%

$1,605,922 $1.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 14,962 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $233,838 @ 7.0% cap · market cap 4.68%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Club Pilates Gym & Fitness Center Greenways Village Shopping Center & Mall Panache Interior Design ... Interior Design Sa•vor Tapas Bar Bar & Pub Amarillo Fit body ... Gym & Fitness Center

Suggested Use

Top Pick HVAC Service Law Firm Electrical Service Building Supply Daycare Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

86.6%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

323

Businesses Nearby

Balanced

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

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Similar Off Market Nearby

• Coin Cloud Bitcoin ATM — 5962 S Soncy Rd, Amarillo, TX 79121, United States
• Greenways Village — 7669 Hillside Rd, Amarillo, TX 79119
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Frequently Asked Questions

What type of property is this?

Shopping center - Contemporary multi-tenant property with retail zoning and established occupancy in Amarillo.

Where is this shopping center located?

The property is located at 7669 Hillside Rd 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 shopping center; 6 retail‑oriented units; Constructed in 2018