Building Details

Year Built 2016

Listing Agency: Gaut Whittenburg Emerson CRE

Listed By: Bo Wulfman · License #TX 0375664 Show Phone

Source: Crexi

Added: Jul 29 Changed: Oct 14 Last Checked: Oct 19 at 7:02AM

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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.

Key Highlights

• 3,650 SF office suite
• Built in 2016
• Updated flooring and quality interior finishes

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$41,884

Cap Rate

3.53%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$837,680 $837.7K

Cap Rate 7%

$598,343 $598.3K

Cap Rate 9%

$465,378 $465.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,650 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $57,045 @ 7.0% cap · market cap 4.81%

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

Property Analytics

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Current Use

Stewart Title Company ... Title Company Riemer Chiropractic Alternative Medicine Practice Evolve Chiropractic Medical Clinic

Suggested Use

Top Pick Law Firm Building Supply HVAC Service Big Box & Wholesale Store Spa & Massage Center Electrical Service

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

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

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - Built in 2016 with refreshed flooring, abundant daylight, and fiber internet availability.

Where is this office unit 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