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    7200 Mccormick Palisades, TX 79118

    Sponsored
    For Lease
    $18 SF/Yr

    Amarillo retail space: prime location, high visibility

    Lot size:
    110,520 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property, located at 7200 McCormick in Amarillo, Texas, presents a unique investment opportunity. Situated at the northeast corner of I-27 and McCormick Road, this development offers unparalleled visibility and accessibility. The 110,520 square foot retail center, currently under construction, features a modern strip center and a stand-alone pad site. Three spaces are available, ranging from 4,500 to 87,120 square feet, with a minimum divisible space of 4,500 square feet and a maximum contiguous space of 7,200 square feet. Currently, 11,700 square feet of space is vacant. The property sits on 1-2 acres and is zoned OCL. Its strategic location benefits from high traffic counts due to its proximity to I-27 on and off ramps, and its adjacency to The Station Convenience Store. This development is ideally suited for businesses seeking high visibility and easy access in a rapidly growing commercial area south of Amarillo, within Randall County (zip code 79118). The property offers a dynamic commercial environment, providing an excellent opportunity for long-term success. This is a prime location for businesses looking to capitalize on the significant commercial development growth in the area. The pad site is available for build-to-suit or ground lease opportunities.

    Property Features for 7200 Mccormick

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    110,520 SF
    Total Rate
    165780

    Unit(s) available at that property

    Space
    Space Available 1
    Size
    7,200 SF
    Rate per SF
    $18
    Space
    Space Available
    Size
    87,120 SF
    Space
    Space Available 2
    Size
    4,500 SF
    Rate per SF
    $18

    HighLights

    • 2,400 - 7,200 SF retail spaces available.
    • $18/SF + NNN lease rate for retail spaces.
    • 4,500 SF anchor retail space available.
    • $18/SF + NNN lease rate for anchor retail space.
    • 1‑2 acre build‑to‑suit pad site available.
    • Pad site lease rate is negotiable.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Station Food and Fuel Restaurant Brunkhardt Services Air Conditioning Store Conoco Gas Station Cowboy Tacos and Burritos Restaurant TNT Fireworks Fireworks Store

    Suggested Use

    Restaurant Realty agency Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Clothing Store Gym & Fitness Auto Parts Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Palisades
    County
    Randall
    State
    Texas
    Longitude
    -101.9178253
    Latitude
    35.0729145

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    FAQs

    What type of property is this?
    Retail property - Amarillo retail space: prime location, high visibility
    Where is this retail property located?
    The property is located at 7200 Mccormick Palisades, TX.
    What is the lease rate?
    The lease rate is $0.00-$18 SF/Yr.
    What are key features of this property?
    This property features: 2,400 - 7,200 SF retail spaces available.; $18/SF + NNN lease rate for retail spaces.; 4,500 SF anchor retail space available.
    Request Owner's contact information
    7200 Mccormick Palisades, TX 79118
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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
    7200 Mccormick Palisades, TX 79118
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