Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    200 Westgate Pkwy Amarillo, TX 79121

    • Commercial real estate
    • 45,083 SF
    For Lease
    View listing
    $12 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2808904
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • US Air Force Recruiting / Military Recruiting Office
    • US Army Recruiting Office Amarillo / Military Recruiting Office / Army Facility
    • US Marine Corps Recruiting / Military Recruiting Office
    • Alliance Property Management / Property Management Company
    • Paladin Technologies / Security System Installation Service

    Property Details for 200 Westgate Pkwy

    Year built
    1985
    Property size
    45,083 SF
    Property type
    Commercial real estate

    Description

    Westgate Park Center presents a unique investment opportunity in Potter County. This single-story, 45,083 square foot retail and commercial center, built in 1985, boasts a modern masonry and glass facade, providing excellent curb appeal. The property features a total of three suites, offering flexible space options ranging from a minimum of 1,037 square feet to a maximum contiguous space of 11,939 square feet. Currently, there are five available spaces totaling 23,305 square feet, ideal for multiple tenants or a single large occupant. Convenient curbside parking ensures easy customer access, a key advantage for retail businesses. The property is zoned PD - Planned Development, providing flexibility for a variety of commercial uses. Its location offers high visibility and accessibility, making it an attractive option for businesses seeking a strong presence in a thriving market. The property's single-story design and ample parking contribute to a user-friendly experience for both tenants and customers. This is an exceptional opportunity to acquire a well-maintained, strategically located commercial property with significant potential for growth and return on investment. The property's existing infrastructure and modern aesthetic make it ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Potter
    State
    Texas
    Longitude
    -101.935743
    Latitude
    35.184915

    Comparable in this City

    • Contact for pricing
      38,925 SF

      Retail Space in Southwest Amarillo

      Retail space available in a busy Amarillo shopping center.
      7302-7406 SW 34Th Ave, Amarillo, TX 79121
      View Details
    • $16 SF/Yr
      20,967 SF

      Amarillo Retail Strip Center

      Prime Amarillo retail space available.
      121 Westgate Pkwy, Amarillo, TX 79121
      View Details
    • $20 SF/Yr
      14,461 SF

      Amarillo Retail Space - 14,461 SF

      Prime Amarillo retail space, single tenant, high traffic area.
      100 Westgate Pkwy, Amarillo, TX 79121
      View Details
    • $26 SF/Yr
      96,538 SF

      Shops at Soncy: Prime Retail Space

      High-traffic retail center, I-40 access.
      3130 Soncy Rd, Amarillo, TX 79121
      View Details
    • $16 SF/Yr
      3,900 SF

      Modern Shopping Center For Lease

      Single-story shopping center with curbside parking and modern facade.
      201 Westgate Pkwy, Amarillo, TX 79121
      View Details
    • Contact for pricing
      488,022 SF

      Westgate Plaza Retail Space

      Amarillo, TX retail spaces available.
      0 Soncy Rd & I-40, Amarillo, TX 79121
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Development Land Behind Markets

      Prime development land in a robust retail area.
      8920 Roach Dr, Amarillo, TX 79121
      View Details
    • $3,290,000
      14,461 SF

      Westgate Parkway Retail Center

      Amarillo, TX Retail Investment Opportunity
      100 Westgate Pkwy, Amarillo, TX 79121
      View Details
    • Contact for pricing

      Amarillo Agricultural Land Investment

      Prime Ag Land, City Utilities, I-40 Access
      0 Roach Dr, Amarillo, TX 79121
      View Details
    • $3,290,000
      14,461 SF

      Westgate Parkway Shopping Center

      Amarillo Retail Investment Opportunity
      100 Westgate Pkwy, Amarillo, TX 79121
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      38,925 SF

      Retail Space in Southwest Amarillo

      Retail space available in a busy Amarillo shopping center.
      7302-7406 SW 34Th Ave, Amarillo, TX 79121
      View Details
    • $16 SF/Yr
      20,967 SF

      Amarillo Retail Strip Center

      Prime Amarillo retail space available.
      121 Westgate Pkwy, Amarillo, TX 79121
      View Details
    • $20 SF/Yr
      14,461 SF

      Amarillo Retail Space - 14,461 SF

      Prime Amarillo retail space, single tenant, high traffic area.
      100 Westgate Pkwy, Amarillo, TX 79121
      View Details
    • $26 SF/Yr
      96,538 SF

      Shops at Soncy: Prime Retail Space

      High-traffic retail center, I-40 access.
      3130 Soncy Rd, Amarillo, TX 79121
      View Details
    • $16 SF/Yr
      3,900 SF

      Modern Shopping Center For Lease

      Single-story shopping center with curbside parking and modern facade.
      201 Westgate Pkwy, Amarillo, TX 79121
      View Details
    • Contact for pricing
      488,022 SF

      Westgate Plaza Retail Space

      Amarillo, TX retail spaces available.
      0 Soncy Rd & I-40, Amarillo, TX 79121
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    200 Westgate Pkwy
    Amarillo, TX 79121
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.