Legacy Square Medical Center
For Sale
Contact for pricing
3 Care Circle, Amarillo, TX 79124
Medical office space in Amarillo's Medical District available for sale.
Property Size10,000 SF
Price / SF$219.50
Days on Market818
Property Features for 3 Care Circle
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Office
Building Details
Year Built
2006
Listing Agency:
Gaut Whittenburg Emerson CRE
(806) 373-3111
Listed By:
Ben Whittenburg · License #TX SA664767000
Source:
Crexi
Added: May 9, 2024
Changed: Jul 6
Last Checked: Aug 3 at 4:23AM
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.
Located in the Legacy Square Medical Center within Amarillo's Medical District, this property is situated just west of Coulter on Amarillo Blvd West. The property offers space suitable for medical office use. The property size is 10000 square feet.
Key Highlights
- Located in Legacy Square Medical Center.
- Situated in Amarillo's Medical District.
- Positioned just west of Coulter.
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 | $180.0k | $18.00 |
| − Vacancy | −$27.0k | −$2.70 |
| EGI | $153.0k | $15.30 |
| − OpEx | −$38.3k | −$3.82 |
| NOI | $114.8k | $11.48 |
10,000 SF · lease $18.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.64M
$1.43M – $1.91M
NOI $114,750 @ 7.0% cap · market cap 5.23%
Second Best
Healthcare Medical
$1.59M
$1.39M – $1.86M
NOI $111,384 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$2.23M
$1.95M – $2.60M
NOI $156,288 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,280
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79124, TX
11,585
Population
4,676
Households
2.5
Avg Household Size
45
Median Age
39%
College-Educated
94%
High-School Grad
181.2 sq mi
ZIP Area
64
Density / Sq Mi
$110,144
Median Household Income
$64,296
Median Earnings
$1,158
Median Rent
$325,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- S P C A — 1900 Coulter St Suite G, Amarillo, TX 79106
- Noah's Ark Pet Hospital — 7306 SW 34th Ave # 6, Amarillo, TX 79121
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office space in Amarillo's Medical District available for sale.
Where is this medical office space located?
The property is located at 3 Care Circle Amarillo, TX.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: Located in Legacy Square Medical Center.; Situated in Amarillo's Medical District.; Positioned just west of Coulter.
