Medical Office Building For
1600 S Coulter Amarillo, TX 79106
1600 S Coulter, Amarillo, TX, 79106
Contact for pricing
For Sale
Contact for pricing
Pending
Medical office building with modern layout and convenient parking.
Property Size17,973 SF
Days on Market621
Property Features for 1600 S Coulter
General Information
- Standard status
- Pending
- Size
- 17,973 SF
- Property subtype
- Office
Building Details
- Year Built
- 1980
Listing Agency
Gaut Whittenburg Emerson CRE
(806) 373-3111
Listed by
Jeff Gaut · License #TX 0695613
Source
Crexi
Added: Nov 6, 2024 Checked: Jul 19 at 4:08 am
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 property, designed for four medical practitioners, features four separate entrances and exits. The interior was fully built out in 2011, providing a modern and functional layout. The property includes a 1,400 square foot basement file storage area. With a total property size of 17,973 square feet, the building could be divided into four 4,000 square foot units. Convenient parking is available around the building. The property is adaptable for a single user.
Key Highlights
- Designed for four medical practitioners with four separate entrances and exits.
- Adaptable for single or multiple users; easily divided into four 4,000 sq ft units.
- Modern and functional layout due to full interior build‑out in 2011.
Local 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 | $323.5k | $18.00 |
| − Vacancy | −$48.5k | −$2.70 |
| EGI | $275.0k | $15.30 |
| − OpEx | −$68.7k | −$3.82 |
| NOI | $206.2k | $11.48 |
17,973 SF · lease $18.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.95M
$2.58M – $3.44M
NOI $206,240 @ 7.0% cap · market cap 4.58%
Second Best
Healthcare Medical
$2.86M
$2.50M – $3.34M
NOI $200,190 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$4.01M
$3.51M – $4.68M
NOI $280,896 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Ritchie Thomas M ...
Dental Office
Ruiz Family Dental: ...
Dental Office
Ruiz Family Dental: ...
Dental Office
Whittington Ronald D ...
Dental Office
Clinical Pathology Labs ...
Medical Laboratory
Similar For Sale Nearby
Similar Off Market Nearby
- S P C A — 1900 Coulter St Suite G, Amarillo, TX 79106
- Veterinary Medical Diagnostic — 6610 W Amarillo Blvd, Amarillo, TX 79106
FAQs
What type of property is this?
Medical Office Space - Medical office building with modern layout and convenient parking.
Where is this medical office space located?
The property is located at 1600 S Coulter Amarillo, TX.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Designed for four medical practitioners with four separate entrances and exits.; Adaptable for single or multiple users; easily divided into four 4,000 sq ft units.; Modern and functional layout due to full interior build‑out in 2011.
