Updated Office
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7810 Hillside Rd, Amarillo, TX 79101
Built in 2016 with refreshed flooring, abundant daylight, and fiber internet availability.
Property Size3,650 SF
Price / SF$325
Days on Market36
Property Features for 7810 Hillside Rd
General Information
Standard status
Active
Size
3,650 SF
Class
A
Property subtype
Retail
Lease Type
NNN
Amenities
high-speed fiber internet
Building Details
Year Built
2016
Listing Agency:
Gaut Whittenburg Emerson CRE
Listed By:
Bo Wulfman · License #TX 0375664
(806) 373-3111
Source:
Crexi
Added: Jul 29
Changed: Sep 2
Last Checked: Sep 1 at 10:34AM
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 3,650 SF office suite was built in 2016 and features updated flooring, quality interior finishes, and abundant natural light. The layout and presentation are suited to professional office operations, including accounting, engineering, insurance, financial services, healthcare administration, and technology uses. Fiber internet availability supports connectivity needs for contemporary businesses.
Located at 7810 Hillside Rd in Amarillo, Texas, the property offers an established office setting for organizations seeking room to support ongoing operations. The suite’s finish package and adaptable professional environment can accommodate a range of service-oriented users, including regional headquarters.
Located at 7810 Hillside Rd in Amarillo, Texas, the property offers an established office setting for organizations seeking room to support ongoing operations. The suite’s finish package and adaptable professional environment can accommodate a range of service-oriented users, including regional headquarters.
Key Highlights
- 3,650 SF office suite
- Built in 2016
- Updated flooring and quality interior finishes
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
$41,884
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
3.53%
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%
$837,680
$837.7K
Cap Rate 7%
$598,343
$598.3K
Cap Rate 9%
$465,378
$465.4K
Market Conditions
NOI Build-Up for 3,650 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
$65.7K $18.00/SF
− Vacancy
−$9.9K −$2.70/SF
EGI
$55.8K $15.30/SF
− OpEx
−$14.0K −$3.82/SF
NOI
$41.9K $11.48/SF
Area
Amarillo, TX
Vacancy
15.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$837,680
Cap Rate 7%
$598,343
Cap Rate 9%
$465,378
Alternative Uses
Best Use
Office B
$598.3K
$523.6K – $698.1K
NOI $41,884 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$814.9K
$713.1K – $950.8K
NOI $57,045 @ 7.0% cap · market cap 4.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
323
Businesses Nearby
Explore this area
Business Placement
Demographics for 79101, TX
2,307
Population
1,309
Households
1.8
Avg Household Size
51
Median Age
15%
College-Educated
81%
High-School Grad
1.6 sq mi
ZIP Area
1,442
Density / Sq Mi
$40,313
Median Household Income
$36,409
Median Earnings
$898
Median Rent
$152,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Built in 2016 with refreshed flooring, abundant daylight, and fiber internet availability.
Where is this office units located?
The property is located at 7810 Hillside Rd Amarillo, TX.
What is the asking price?
The asking price for this property is $1,186,250.
What are key features of this property?
This property features: 3,650 SF office suite; Built in 2016; Updated flooring and quality interior finishes
