Medical Office Building For
S Coulter St Amarillo, TX
For Sale
Contact for pricing
Medical office building with modern layout and convenient parking.
Property Size17,973 SF
Lot Size4.17 Acres
Price / SF$244.53
Days on Market485
Property Features for S Coulter St
General Information
- Standard status
- Active
- Size
- 17,973 SF
- Lot size
- 4.17 Acres
- Property subtype
- OFFICE
Listing Agency:
Gaut Whittenburg Emerson CRE
(806) 373-3111
Listed By:
J. Gaut · License #0695613
Source:
Moodyscre
Added: Mar 27, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gaut Whittenburg Emerson CRE
Investment Insights
Based on property information with market context.
This property is designed for four medical practitioners, featuring four separate entrances and exits. The interior was fully built out in 2011, providing a modern and functional layout. The property includes a 1,400-square-foot basement file storage area. With a total property size of 17,973 square feet, the building could be divided into four 4,000-square-foot units. The property is adaptable for a single user, with convenient parking available around the building.
Key Highlights
- Designed for 4 medical practitioners with 4 separate entrances/exits.
- Easily divisible into four 4,000 sq ft units or adaptable for a single user.
- Interior fully built out in 2011, offering a modern layout.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $323.5k | $18.00 |
| − Vacancy | −$48.5k | −$2.70 |
| EGI | $275.0k | $15.30 |
| − OpEx | −$68.7k | −$3.82 |
| NOI | $206.2k | $11.48 |
17,973 SF · lease $18.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.95M
$2.58M – $3.44M
NOI $206,240 @ 7.0% cap · market cap 4.69%
Second Best
Healthcare Medical
$2.86M
$2.50M – $3.34M
NOI $200,190 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$4.01M
$3.51M – $4.68M
NOI $280,896 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Off Market Nearby
- Veterinary Medical Diagnostic — 6610 W Amarillo Blvd, Amarillo, TX 79106
FAQs
What type of property is this?
Medical Office Space - Medical office building with modern layout and convenient parking.
Where is this medical office space located?
The property is located at S Coulter St Amarillo, TX.
What is the asking price?
The asking price for this property is $4,395,000.
What are key features of this property?
This property features: Designed for 4 medical practitioners with 4 separate entrances/exits.; Easily divisible into four 4,000 sq ft units or adaptable for a single user.; Interior fully built out in 2011, offering a modern layout.
