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Property profile & analytics
FOR SALE
Retail space

100 W Westgate Pkwy Amarillo, TX 79121

14,461 SF 1.37 ac lot Built 1989
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-0252872
Property summary
AI-generated overview

This exceptional 14,461 square foot retail property presents a unique investment or leasing opportunity. Located on Westgate Parkway, this single-tenant building boasts a highly desirable location near Interstate 40 and Westgate Mall, ensuring high visibility and significant foot traffic. The property features two convenient front entrances, providing easy access for customers. Ample parking is available, enhancing the convenience for both employees and patrons. Inside, the building offers 11 well-appointed offices, four bathrooms, and multiple storage rooms, providing versatile space for a variety of business needs. The property benefits from a well-maintained HVAC system for climate control, a recently replaced hot water heater (2021), and a newer roof (2017), minimizing maintenance concerns. Its strategic location near popular national retailers such as Target and Best Buy further enhances its appeal and potential for success. This property is ideally suited for a business seeking a prominent presence in a thriving commercial area with excellent accessibility and high traffic counts. The combination of its prime location, modern amenities, and functional layout makes this an exceptional opportunity for growth and profitability. This is a rare chance to acquire a well-maintained, high-traffic retail space in a sought-after location.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1989
Total area 14,461 SF
Lot 1.37 ac (59,677 SF)
Zoning code PD
APN R-086-1580-3070
UPID US82-0252872
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Barnes Jewelry (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.15M
Comparable Approach Comparable
$2.20M
Blend (final) Blend
$2.18M
Owner & transaction history
Barnes Jewelry LLC · 7 yrs held
Barnes Jewelry LLC
since 2019
4 recorded transactions
2019
Price N/A
2005
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
PD · Amarillo, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

remelting purposes, which is located in the A, GR, LC, CB, HC, I-1 and PD Zoning Districts. It also does not include the incidental outdoor display of commodities for retail sale where the use is permitted by section 4-10-82 in a GR General Retail District. Where either this designation of an open storage activity or another designation might apply, the more…

Zone name Planned Development District
General category PLANNED_DEVELOPMENT
Zone area 2.34 ac
Source code of ordinances
Top alternative use upside
Commercial (general) $2.4M +74.4%
Restaurant $1.7M +27.9%
Auto repair, garage $1.5M +10.7%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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