Medical Office in Amarillo
For Sale
Contact for pricing
1911 Port Ln, Amarillo, TX 79106
Medical office building in Amarillo's Medical District for sale.
Property Size3,320 SF
Price / SF$130
Days on Market569
Property Features for 1911 Port Ln
General Information
Standard status
Active
Size
3,320 SF
Property subtype
Office
Listing Agency:
Gaut Whittenburg Emerson CRE
Listed By:
Sheril Fuller · License #TX 784282
Source:
Crexi
Added: Feb 11, 2025
Changed: Jul 6
Last Checked: Sep 2 at 11:39AM
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 Amarillo's Medical District, less than 1/2 mile from BSA and NWTH, this 3,320 square foot property offers visibility and access to major roadways. It is suitable for medical offices or related commercial uses. The Medical District is home to a variety of medical services, offices, and support businesses. The medical office building features five exam rooms, four restrooms, and a private office with an en-suite restroom. Waiting and reception areas offer functional space, and ample parking is available for staff and patients. This property is ideal for various healthcare practices and offers accessibility.
Key Highlights
- Prime location in Amarillo's Medical District, near BSA and NWTH.
- Suitable for medical offices or related commercial uses.
- Features five exam rooms, four restrooms, and a private office with en‑suite restroom.
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
$38,097
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
8.83%
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%
$761,940
$761.9K
Cap Rate 7%
$544,243
$544.2K
Cap Rate 9%
$423,300
$423.3K
Market Conditions
NOI Build-Up for 3,320 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
$59.8K $18.00/SF
− Vacancy
−$9.0K −$2.70/SF
EGI
$50.8K $15.30/SF
− OpEx
−$12.7K −$3.82/SF
NOI
$38.1K $11.48/SF
Area
Amarillo, TX
Vacancy
15.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$761,940
Cap Rate 7%
$544,243
Cap Rate 9%
$423,300
Alternative Uses
Best Use
Office B
$544.2K
$476.2K – $635.0K
NOI $38,097 @ 7.0% cap · market cap 8.83%
Second Best
Healthcare Medical
$528.3K
$462.2K – $616.3K
NOI $36,979 @ 7.0% cap · market cap 8.57%
Theoretical Best
Office A
$741.3K
$648.6K – $864.8K
NOI $51,888 @ 7.0% cap · market cap 12.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,939
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
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office building in Amarillo's Medical District for sale.
Where is this medical office space located?
The property is located at 1911 Port Ln Amarillo, TX.
What is the asking price?
The asking price for this property is $431,600.
What are key features of this property?
This property features: Prime location in Amarillo's Medical District, near BSA and NWTH.; Suitable for medical offices or related commercial uses.; Features **five exam rooms, four restrooms, and a private office with en‑suite restroom.**
