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    4 Medical Dr Amarillo, TX 79106

    Sponsored
    For Sale
    $650,000

    High-yield, multi-tenant office investment.

    Property size:
    4,797 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A, multi-tenant office building at 4 Medical Dr, Amarillo, TX 79106, presents a compelling investment opportunity. Boasting 4,797 square feet across three units, the property enjoys 100% occupancy with all three tenants holding brand new 3-5 year leases, ensuring stable income. The building, constructed in 1978 and situated on a 20,908 square foot lot, features ample parking with 48 spaces. The property's strong financial performance is highlighted by a Net Operating Income (NOI) of $52,000 and an attractive 8.00% cap rate. The building is zoned O-2 (Office District 2) and benefits from its convenient location just off 9th Street, near Amarillo's Medical Center, attracting medically-oriented businesses. The roof was replaced in 2013 with a TPO membrane. This core investment property offers a secure and profitable return, ideal for discerning investors seeking a stable, high-performing asset in a thriving medical district. The asking price is $650,000. All three tenants occupy similarly sized suites.

    Property Features for 4 Medical Dr

    General Information

    Property type
    Medical offices
    Square Feet
    4,797 SF
    Class
    A

    Building Details

    Year Built
    1978
    Units
    3

    HighLights

    • Exceptional investment opportunity: Multi‑tenant office building with new 3‑5 year leases.
    • Three tenants occupy similar‑sized suites.
    • TPO roof replaced in 2013.
    • Ample parking: 48 spaces.
    • Prime medical district location near 9th Street in Amarillo, TX.
    • All tenants are medically‑related businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    NurseCore Nursing Agency Advanced Limb & Brace ... Orthotics & Prosthetics Service Buford Robert L ... Urologist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Potter
    State
    Texas
    Longitude
    -101.8962868
    Latitude
    35.2073457

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    FAQs

    What type of property is this?
    Medical office - High-yield, multi-tenant office investment.
    Where is this medical office located?
    The property is located at 4 Medical Dr Amarillo, TX.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Exceptional investment opportunity: Multi-tenant office building with new 3-5 year leases.; Three tenants occupy similar-sized suites.; TPO roof replaced in 2013.
    Request Owner's contact information
    4 Medical Dr Amarillo, TX 79106
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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

    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.

    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
    4 Medical Dr Amarillo, TX 79106
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