This exceptional investment opportunity encompasses a diverse portfolio of assets in Amarillo, Texas. The core of the property is a 60-bed, Class A senior living facility, totaling 42,635 square feet on 3.71 acres. Recently renovated and move-in ready, this facility boasts a thoughtfully designed layout with a central nursing station and four wings, each with its own nursing station. Amenities include a fully equipped commercial kitchen, dining room, laundry facilities, physical therapy area, multiple private offices, break room, conference room, and day room. Each suite features a private bathroom with shower and individual climate control. Safety features include an overhead fire suppression system, security alarm with cameras, and key fob controlled access. The property also benefits from a new roof (2015), a full remodel in 2018 (including HVAC, plumbing, paint, and carpet), and a backup diesel generator. Complementing the skilled nursing facility are six townhomes, four currently occupied by tenants. These range in size from 1,991 to 2,510 square feet, offering 3 bedrooms and 2.5 bathrooms each, along with two-car garages. Finally, two land tracts are included, totaling 96,500 square feet, offering significant development potential. Tract A (31,500 sq ft) fronts Medipark Drive and Phil Langen Blvd, while Tract B (65,000 sq ft) fronts Wolflin Avenue, Phil Langen Blvd, and Medipark Drive. City water and sewer services are available. The entire property sits on 8.35 acres and is strategically located across W. Amarillo Blvd from BSA and NWTX Hospitals. The seller will consider dividing the property and selling individual components. The asking price for the entire complex is $6,537,000.
Property Features for 6900 Wolflin Ave
General Information
Property type
Retirement homes
Class
A
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Listing Contact
Ben Whittenburg
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HighLights
60‑bed Class A senior living facility on 8.35 acres in Amarillo, TX, asking $6,537,000.
Includes a 42,635 SF skilled nursing facility (asking $4,500,000) with recent renovations, a commercial kitchen, and backup power.
Six townhomes (asking $1,350,000), some currently leased, ranging from 1,991 SF to 2,510 SF.
Two land tracts totaling 96,500 SF (asking $687,000), with frontage on Wolflin Ave, Phil Langen Blvd, and Medipark Dr.
Retirement home - 60-bed facility, townhomes, land tracts.
Where is this retirement 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: 60-bed Class A senior living facility on 8.35 acres in Amarillo, TX, asking $6,537,000.; Includes a 42,635 SF skilled nursing facility (asking $4,500,000) with recent renovations, a commercial kitchen, and backup power.; Six townhomes (asking $1,350,000), some currently leased, ranging from 1,991 SF to 2,510 SF.
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6900 Wolflin Ave Amarillo, TX 79106
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Realmo Value Estimations
Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods.
Disclaimer
These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.
AI approach
Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.
Realmo CapRate Calculation
Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.
How We Calculate Cap Rate
Cap Rate Formula: Cap Rate (%) = (Net Operating Income / Property Value) × 100
Net Operating Income (NOI) Formula: NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)
Components
Net Operating Income (NOI) represents the annual income a property generates after operating expenses:
Area: Building square footage from property records
Lease Rate: Annual $/sqft based on market data for the property type and geographic location
Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
Operating Expense Ratio: Operating costs as a percentage of income, varies by property type
Property Value is derived from:
Recent sale price (if available)
Statistical models using comparable sales
AI-powered valuation estimates
Example Calculation
For a 100,000 sqft Office Building:
Lease Rate: $25.00/sqft/year (market data for Office in this area)
Vacancy Rate: 8% (market data for Office in this area)
Operating Expense Ratio: 35% (typical for Office properties)
Property Value: $15,000,000
Step 1: Calculate NOI
NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35) NOI = 100,000 × $25.00 × 0.92 × 0.65 NOI = $1,495,000/year
Step 2: Calculate Cap Rate
Cap Rate = ($1,495,000 / $15,000,000) × 100 Cap Rate = 9.97%
Property Type Considerations
Net Operating Income calculations vary by property type due to different operating expense ratios:
Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
Retail: Moderate expenses (25-35%) for common area maintenance
Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
Multifamily: Moderate expenses (35-45%) including property management
Self-Storage: Lower expenses (25-35%) due to minimal maintenance
Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.
Disclaimer
These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.
Cap Rate calculations depend on market data that may change over time
Actual operating expenses, lease rates, and vacancy rates may differ from market averages
Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
Property value estimates are approximations and not official appraisals
Cap rates vary widely by market, property condition, and investment risk profile
Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.
Cap approach
Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.
Comparable approach
Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.
Relative
Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.
Geo
Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels
across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.
Stat Estimate
This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.
Ranges - area data calculated by industry standard IQR Outlier Removal Method
Range-from: 75% of all similar sales ($/sqft) are above this value
Range-to: 75% of all similar sales ($/sqft) are below this value
AI Estimate
This method estimates value based on AI market estimation of comparable properties around by location and property type.
Ranges - area data calculated by industry standard IQR Outlier Removal Method
Range-from: 75% of all estimations ($/sqft) are above this value
Range-to: 75% of all estimations ($/sqft) are below this value
Alternative use
Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.
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6900 Wolflin Ave Amarillo, TX 79106
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6900 Wolflin Ave, Amarillo, TX
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