Medical Office Space for Imaging
For Sale
Contact for pricing
Pending
7400 Wallace Blvd, Amarillo, TX 79106
Purpose-built imaging center with long-term operational history and adjacency to major Amarillo hospitals.
Property Size5,239 SF
Days on Market126
Property Features for 7400 Wallace Blvd
General Information
Standard status
Pending
Size
5,239 SF
Property subtype
OFFICE
Additional Details
Business Included
Yes
Building Details
Year Built
2005
Listing Agency:
Colliers | Dallas
(214) 692-1100
Listed By:
Daniel Taylor
(214) 217-1254
Source:
Moodyscre
Added: Jun 11
Changed: Oct 12
Last Checked: Oct 12 at 10:13PM
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 | Dallas
Investment Insights
Based on property information with market context.
This medical office space has been operated as the Open Air Imaging Center, providing imaging services to the Amarillo area for 20+ years. The center has operated out of the space since its build-to-suit construction was completed in 2005. The facility supports specialized imaging modalities including X-rays, MRIs, ultrasounds, arthrograms, MRA scans, CTA scans, and enterography.
The property is adjacent to BSA Hospital (445 beds) and Northwest Texas Healthcare System Hospital (495 beds), creating a dense healthcare corridor and hub of regional medical providers. Nearby operators include Texas Tech Physicians, Texas Specialty Hospital, Amarillo Heart Institute, Panhandle OBGYN, Infant Risk Center, and numerous additional physician groups.
Ownership context is described as majority owned by BSA Hospital for the unit-level operations, with physicians retaining a minority stake, reflecting a multi-entity healthcare operating structure in the immediate area. This location is positioned for continued imaging-focused clinical workflows with established regional demand.
The property is adjacent to BSA Hospital (445 beds) and Northwest Texas Healthcare System Hospital (495 beds), creating a dense healthcare corridor and hub of regional medical providers. Nearby operators include Texas Tech Physicians, Texas Specialty Hospital, Amarillo Heart Institute, Panhandle OBGYN, Infant Risk Center, and numerous additional physician groups.
Ownership context is described as majority owned by BSA Hospital for the unit-level operations, with physicians retaining a minority stake, reflecting a multi-entity healthcare operating structure in the immediate area. This location is positioned for continued imaging-focused clinical workflows with established regional demand.
Key Highlights
- 5239 SF medical office space operating as Open Air Imaging Center
- Open Air Imaging Center has provided imaging services for 20+ years
- Build‑to‑suit construction completed in 2005
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,118
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,202,360
$1.2M
Cap Rate 7%
$858,829
$858.8K
Cap Rate 9%
$667,978
$668.0K
Market Conditions
NOI Build-Up for 5,239 SF
Gross rent
$94.3K $18.00/SF
− Vacancy
−$14.1K −$2.70/SF
EGI
$80.2K $15.30/SF
− OpEx
−$20.0K −$3.82/SF
NOI
$60.1K $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 Rate 5%
$1,202,360
Cap Rate 7%
$858,829
Cap Rate 9%
$667,978
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 authorities.
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,885
Businesses Nearby
Balanced
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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Purpose-built imaging center with long-term operational history and adjacency to major Amarillo hospitals.
Where is this medical office space 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: 5239 SF medical office space operating as Open Air Imaging Center; Open Air Imaging Center has provided imaging services for 20+ years; Build‑to‑suit construction completed in 2005
