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Medical District Office Building
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7501 Wallace Blvd, Amarillo, TX 79124

Office building located in Amarillo’s medical district near major healthcare institutions.

Property Size44,494 SF
Days on Market819

Property Features for 7501 Wallace Blvd

General Information

Standard status Active
Size 44,494 SF
Property subtype OFFICE
Lease Type SF/yr
Listing Agency: Gaut Whittenburg Emerson CRE
Listed By: Ben Whittenburg · License #SA664767000
Source: Moodyscre
Added: May 4, 2024 Changed: Jul 27 Last Checked: Jul 31 at 4:17AM

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 Gaut Whittenburg Emerson CRE

Investment Insights

Based on property information with market context.

This office building is located within Amarillo’s medical district, a cluster that includes multiple major healthcare and academic institutions. The property is offered for rent.

The surrounding medical district features BSA Hospital & Cancer Center, Northwest Texas Healthcare System, the VA Medical Center, Texas Tech University Health Sciences Center, and the Texas Tech University School of Veterinary Medicine, providing a dense concentration of healthcare-focused employers and services.

Positioned in Amarillo, the facility benefits from the city’s broader role as a regional hub for industries including healthcare and bioscience, alongside other area economic drivers.

Key Highlights

  • Office building in Amarillo’s medical district
  • Located near major healthcare institutions including BSA Hospital & Cancer Center
  • Nearby employers include Northwest Texas Healthcare System, VA Medical Center, and Texas Tech University Health Sciences Center

Property Analytics

Current Use

Oceans Behavioral Hospital ... Hospital Cardtronics Atm Infuse by Vibra Medical Clinic

Suggested Use

Top Pick Electrical Service Parking Lot & Garage Plumbing Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$4.95 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,556
Businesses Nearby

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

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Office building located in Amarillo’s medical district near major healthcare institutions.
Where is this office building located?
The property is located at 7501 Wallace Blvd Amarillo, TX.
What is the lease rate?
The lease rate is $33 SF/Yr.
What are key features of this property?
This property features: Office building in Amarillo’s medical district; Located near major healthcare institutions including BSA Hospital & Cancer Center; Nearby employers include Northwest Texas Healthcare System, VA Medical Center, and Texas Tech University Health Sciences Center
(806) 373-3111 Call to check price and availability
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