Skilled Nursing Facility and
For Sale
Contact for pricing
6900 Wolflin Ave, Amarillo, TX 79106
60-bed nursing facility, townhomes, and land tracts for sale.
Property Size42,635 SF
Lot Size3.71 Acres
Price / SF$153.32
Days on Market1041
Property Features for 6900 Wolflin Ave
General Information
Standard status
Active
Size
42,635 SF
Class
A
Lot size
3.71 Acres
Property subtype
Senior Living
Listing Agency:
Gaut Whittenburg Emerson CRE
(806) 373-3111
Listed By:
Ben Whittenburg · License #TX SA664767000
Source:
Crexi
Added: Oct 5, 2023
Changed: Aug 8
Last Checked: May 12 at 8:52PM
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 features a 42,635 square foot, 60-bed skilled nursing facility situated on 3.71 acres, along with six townhomes and two land tracts. The nursing facility has been recently renovated and is move-in ready. It features a central nursing station branching out into four wings, each with its own nursing station. The facility includes a fully equipped commercial kitchen, dining room, laundry facility, physical therapy area, private offices, break room, conference room, and day room. Each suite has its own restroom with a shower and individual climate control. The facility is protected by an overhead fire suppression system and a security alarm system with cameras and key fob controlled access. A diesel generator provides backup power. The facility received a new roof in 2015 and a full remodel in 2018, including new HVAC systems, plumbing, paint, and carpet. The six townhomes include: a 2,298 square foot unit with 3 bedrooms, 2.5 bathrooms, and a 2-car garage that is currently vacant with an unfinished interior but does have the mechanical and plumbing in place; a 2,163 square foot unit with 3 bedrooms, 2.5 bathrooms, and a 2-car garage that is currently leased for $1,600/month; a 1,991 square foot unit with 3 bedrooms, 2.5 bathrooms, and a 2-car garage that is currently vacant and needs carpet and paint; a 2,470 square foot unit with 3 bedrooms, 2.5 bathrooms, and an oversized 2-car garage that is currently leased for $1,500/month; a 2,458 square foot unit with 3 bedrooms, 2.5 bathrooms, and a 2-car garage that is currently leased for $1,500/month; and a 2,510 square foot unit with 3 bedrooms, 2.5 bathrooms, and a 2-car garage that is currently leased for $1,200/month. One land tract is 31,500 square feet with frontage on both Medipark Drive and Phil Langden Blvd. The other is 65,000 square feet with frontage on Wolflin Avenue, Phil Langen Blvd., and Medipark Drive. City water and sewer run down Phil Langen Blvd. The property is located across W. Amarillo Blvd from both BSA and NWTX Hospitals.
Key Highlights
- Move‑in ready, recently renovated 60‑bed skilled nursing facility.
- Ideal layout with central nursing station and four wings.
- Includes fully equipped commercial kitchen, dining room, laundry facility, and PT area.
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
$474,886
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
7.26%
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%
$9,497,720
$9.5M
Cap Rate 7%
$6,784,086
$6.8M
Cap Rate 9%
$5,276,511
$5.3M
Market Conditions
NOI Build-Up for 42,635 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
$869.8K $20.40/SF
− Vacancy
−$78.3K −$1.84/SF
EGI
$791.5K $18.56/SF
− OpEx
−$316.6K −$7.43/SF
NOI
$474.9K $11.14/SF
Area
Amarillo, TX
Vacancy
9.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
40.00%
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%
$9,497,720
Cap Rate 7%
$6,784,086
Cap Rate 9%
$5,276,511
Alternative Uses
Best Use
Healthcare Medical
$6.78M
$5.94M – $7.91M
NOI $474,886 @ 7.0% cap · market cap 7.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.52M
$8.33M – $11.11M
NOI $666,334 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
922
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
Questions? Ask Rey
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Similar Off Market Nearby
- Vista Care Inc — 7116 I-40 Frontage Rd ste b, Amarillo, TX 79106
- Texas Health Management — 2005 Coulter St S, Amarillo, TX 79106
- AccentCare | Hospice & Palliative Care - Greater Amarillo — 1934 Medi Park Dr, Amarillo, TX 79106
- Enhabit Hospice — 7120 I-40 Suite 300A, Amarillo, TX 79106
- BSA Hospice of the Southwest - Inpatient Unit — 1910 Medi Park Dr, Amarillo, TX 79106
Frequently Asked Questions
What type of property is this?
Nursing home - 60-bed nursing facility, townhomes, and land tracts for sale.
Where is this nursing home located?
The property is located at 6900 Wolflin Ave Amarillo, TX.
What is the asking price?
The asking price for this property is $6,537,000.
What are key features of this property?
This property features: Move‑in ready, recently renovated 60‑bed skilled nursing facility.; Ideal layout with central nursing station and four wings.; Includes fully equipped commercial kitchen, dining room, laundry facility, and PT area.
