Hospital System Imaging
7400 Wallace Blvd Amarillo, TX 79106
For Sale
Contact for pricing
Hospital system imaging center with 20+ years of operating history and a long-standing medical imaging footprint.
Property Size5,239 SF
Price / SF$324.30
Days on Market148
Property Features for 7400 Wallace Blvd
General Information
- Standard status
- Active
- Size
- 5,239 SF
- Property subtype
- Office
Building Details
- Year Built
- 2005
Listing Agency:
Colliers - Tulsa, Oklahoma
Listed By:
Colin Cornell · License #OK 171700
Source:
Crexi
Added: Feb 26
Changed: Jul 23
Last Checked: Jul 23 at 6:17AM
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 Colliers - Tulsa, Oklahoma
Investment Insights
Based on property information with market context.
This hospital system imaging center offers a purpose-built healthcare imaging operation with 20+ years of operating history. The property is presented as a stabilized investment opportunity, supported by a referenced 7.15% CAP.
The asset is located at 7400 Wallace Blvd in Amarillo, Texas.
At 5,239 square feet, the facility is sized to support an imaging-focused medical program within the broader hospital system footprint.
The asset is located at 7400 Wallace Blvd in Amarillo, Texas.
At 5,239 square feet, the facility is sized to support an imaging-focused medical program within the broader hospital system footprint.
Key Highlights
- Built in 2005
- Hospital system imaging center with 20+ years of operating history
- 7.15% CAP (as stated in the remarks)
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 | $94.3k | $18.00 |
| − Vacancy | −$14.1k | −$2.70 |
| EGI | $80.2k | $15.30 |
| − OpEx | −$20.0k | −$3.82 |
| NOI | $60.1k | $11.48 |
5,239 SF · lease $18.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$858.8K
$751.5K – $1.00M
NOI $60,118 @ 7.0% cap · market cap 3.54%
Second Best
Healthcare Medical
$833.6K
$729.4K – $972.6K
NOI $58,354 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,879 @ 7.0% cap · market cap 4.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Open Air Imaging ...
Medical Clinic
FAQs
What type of property is this?
Medical center - Hospital system imaging center with 20+ years of operating history and a long-standing medical imaging footprint.
Where is this medical center located?
The property is located at 7400 Wallace Blvd Amarillo, TX.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Built in 2005; Hospital system imaging center with 20+ years of operating history; 7.15% CAP (as stated in the remarks)
