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    7501 Wallace Blvd Amarillo, TX 79124

    For Lease
    $33 SF/Yr

    44,494 SF Class A Medical Facility in Amarillo, TX

    Lot size:
    44,494 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 44,494-square-foot Class A medical office building, located at 7501 Wallace Blvd in Amarillo, Texas (zip code 79124), presents a unique investment opportunity. The single-tenant property, situated in Potter County, offers a versatile layout ideal for a variety of medical uses. Previously operating as a 30-bed hospital, the building boasts a comprehensive suite of features designed for optimal medical practice. Key amenities include a 7-bed intensive care unit, extensive administrative office space, a dedicated radiographic imaging area, and a full-service commercial kitchen. The property also features a state-of-the-art overhead fire protection system, a covered ambulance entrance, and numerous private restrooms within both the hospital and ICU areas. Security is ensured through a robust system of security cameras and controlled access points. The building's construction is of Class A quality, and it includes medical gas lines and vacuum systems throughout. An isolation room with touch-free access further enhances its functionality. The space is adaptable and can be divided to accommodate the specific needs of a prospective tenant, making it an attractive option for both large and smaller medical practices. This prime location in Amarillo offers excellent visibility and accessibility.

    Property Features for 7501 Wallace Blvd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    44,494 SF

    Unit(s) available at that property

    Space
    Size
    44,494 SF
    Rate per SF
    $33

    HighLights

    • 44,494 SF Class A medical office building in Amarillo, TX (79124).
    • Single‑tenant property in Potter County, adaptable for various medical uses.
    • Features include a 7‑bed ICU, extensive office space, imaging area, and commercial kitchen.
    • Equipped with a fire protection system, covered ambulance entrance, and numerous restrooms.
    • Includes security cameras, controlled access, medical gas lines, vacuum systems, and an isolation room.
    • Prime Amarillo location with excellent visibility and accessibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

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

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Potter
    State
    Texas
    Longitude
    -101.92706
    Latitude
    35.1941891

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    FAQs

    What type of property is this?
    Medical office - 44,494 SF Class A Medical Facility in Amarillo, TX
    Where is this medical office 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: 44,494 SF Class A medical office building in Amarillo, TX (79124).; Single-tenant property in Potter County, adaptable for various medical uses.; Features include a 7-bed ICU, extensive office space, imaging area, and commercial kitchen.
    Request Owner's contact information
    7501 Wallace Blvd Amarillo, TX 79124
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    Realmo Value Estimation

    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

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    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.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7501 Wallace Blvd Amarillo, TX 79124
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