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    121 Westgate Pkwy Amarillo, TX 79121

    For Lease
    $16 SF/Yr

    Prime Amarillo retail space available.

    Lot size:
    20,967 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional retail property, located at 121 Westgate Parkway in Amarillo, Texas, offers 20,967 square feet of total building space in a thriving strip center. Currently, there is 3,287 square feet of readily available space for lease, perfect for a variety of retail businesses. The property boasts a highly visible location with excellent access from Soncy Road, ensuring high traffic and customer visibility. Situated in Randall County, with a 79121 zip code, this location benefits from strong local demographics and convenient access for customers. The multiple-tenancy setup provides a vibrant and collaborative environment. The building's size and layout offer flexibility for businesses seeking a prominent presence in the Amarillo market. This is an outstanding opportunity for businesses looking to establish or expand their operations in a prime retail location. The property's strategic placement and ample available space make it an ideal investment for discerning entrepreneurs. Don't miss this chance to secure a thriving retail space in a bustling Amarillo commercial area. Contact us today to schedule a viewing and explore the possibilities.

    Property Features for 121 Westgate Pkwy

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,967 SF
    Total Rate
    28829.63

    Unit(s) available at that property

    Space
    Space 5
    Size
    3,287 SF
    Rate per SF
    $16

    HighLights

    • Shoppes at Parkway retail center.
    • $4.36 per square foot Net Net Net (NNN) lease rate.
    • Strong tenant mix including Men's Wearhouse, PeopleReady, Edible Arrangements, and UHS Medical.
    Property Profile Location Intelligence

    Current Use by Public Records

    Men's Wearhouse Men'S Clothing Store Grimes Edward L ... Optometrist Lens Pro Vision Optometrist Coco Curtain Studio ... Interior Designer Northwest Texas Healthcare ... Mental Health Clinic

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -101.9346075
    Latitude
    35.1834498

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Amarillo retail space available.
    Where is this neighborhood center located?
    The property is located at 121 Westgate Pkwy Amarillo, TX.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Shoppes at Parkway retail center.; $4.36 per square foot Net Net Net (NNN) lease rate.; Strong tenant mix including Men's Wearhouse, PeopleReady, Edible Arrangements, and UHS Medical.
    Request Owner's contact information
    121 Westgate Pkwy Amarillo, TX 79121
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    121 Westgate Pkwy Amarillo, TX 79121
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