Pharmacy Space with Drive-Up
For Sale
$210,000
1900 S Coulter Street, Amarillo, TX 79106
Commercial Sale, Amarillo, TX
Property Size1,932 SF
Price / SF$108.70
Days on Market48
Property Features for 1900 S Coulter Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
0100 - NW Amarillo in City Limits
Parking features
Parking Lot
Directions
From I-40 and coulter head north. Building on the right.
Subdivision
0107 - Ridgeview Medical Center
Standard status
Active
APN
Arquera Properties LLC
Size
1,932 SF
Taxes and HOA fees
Tax Description
RIDGEVIEW MEDICAL CTR #3 LOT001BLOCK 0003 UNIT 8-6 BLDG A COULTER PROF OFFICE CONDOS 2ND AMD OFFICE 'F'
Legal Description
RIDGEVIEW MEDICAL CTR #3 LOT001BLOCK 0003 UNIT 8-6 BLDG A COULTER PROF OFFICE CONDOS 2ND AMD OFFICE 'F'
Utilities
Cooling system
Central Air
Building Details
Year built
1984
Listing Agency:
Larry Brown, REALTORS(R)
(806) 358-7421
Listed By:
Brad Douglass
(806) 358-7421
Added: Jul 7
Changed: Aug 20
Last Checked: Aug 23 at 3:06PM
MLS# 26-5489
Copyright © 2026 Amarillo Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,932-square-foot pharmacy property was built in 1984 and includes a reception area, offices, a drive-up window, and dedicated parking. The interior configuration includes a compounding room and consultation room, along with central air conditioning. The space is positioned within a medical office complex on Coulter Street, just north of I-40, and is near hospitals, medical offices, and other healthcare-related businesses. Its existing layout supports continued pharmacy use and may accommodate other medical or health-related operations. The property is offered for sale, with leasing also available from the owner.
Key Highlights
- 1,932‑square‑foot pharmacy‑oriented commercial space
- Drive‑up window with reception and office areas
- Compounding room and consultation room included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,663
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$373,260
$373.3K
Cap Rate 7%
$266,614
$266.6K
Cap Rate 9%
$207,367
$207.4K
Market Conditions
NOI Build-Up for 1,932 SF
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.
Gross rent
$29.0K $15.00/SF
− Vacancy
−$2.3K −$1.20/SF
EGI
$26.7K $13.80/SF
− OpEx
−$8.0K −$4.14/SF
NOI
$18.7K $9.66/SF
Area
Amarillo, TX
Vacancy
8.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$373,260
Cap Rate 7%
$266,614
Cap Rate 9%
$207,367
Alternative Uses
Best Use
Specialty Retail
$326.9K
$286.0K – $381.4K
NOI $22,883 @ 7.0% cap · market cap 10.90%
Second Best
Office B
$316.7K
$277.1K – $369.5K
NOI $22,170 @ 7.0% cap · market cap 10.56%
Theoretical Best
Office A
$431.4K
$377.4K – $503.3K
NOI $30,195 @ 7.0% cap · market cap 14.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,982
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79106, TX
27,692
Population
13,385
Households
2.1
Avg Household Size
37
Median Age
24%
College-Educated
87%
High-School Grad
8.6 sq mi
ZIP Area
3,220
Density / Sq Mi
$54,407
Median Household Income
$36,061
Median Earnings
$995
Median Rent
$163,100
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
- Andrea J. Morris, PharmD — 3 Care Circle Suite 300, Amarillo, TX 79124, Amarillo, TX 79106
- CVS Pharmacy — 8201 I-40 W, Amarillo, TX 79121
- Edward Schuetzle — 8201 I-40 W STORE 0221, Amarillo, TX 791211104
- Glamour and Glo Studio — 6705 Adirondack Trail, Amarillo, TX 79106
- Valmed Home Health & Pharmacy Solutions — 3 Care Cir, Amarillo, TX 79124
Frequently Asked Questions
What type of property is this?
Drug store - Medical complex location with pharmacy-oriented improvements, dedicated parking, and access to a drive-up service window.
Where is this drug store located?
The property is located at 1900 S Coulter Street Amarillo, TX.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: 1,932‑square‑foot pharmacy‑oriented commercial space; Drive‑up window with reception and office areas; Compounding room and consultation room included
