7308 Fleming Ave Amarillo, TX 79106-1829
- Medical offices
- 11,362 SF
- 0.84 lot acres
Current Use by Public Records
- Dr. Robert E. Gerald, MD / Ophthalmologist / Doctor
- Rush J Avery MD / Doctor / Optometrist
- Rush Lasik: Rush Sloan W MD / Lasik Surgeon
- Mark Gage / Psychiatrist
- Dr. Gina Matteson / Psychiatrist / Practitioner Service Location
Property Details for 7308 Fleming Ave
- Year built
- 1983
- Lot size
- 0.84 lot acres
- Property size
- 11,362 SF
- Zone code
- O1
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- R-065-3050-1100
- APU
- R06530501100
Description
This exceptional 6,485 square foot medical office building, situated on a spacious 36,590 square foot lot, presents a unique investment opportunity. Constructed in 1983 and extensively renovated in 2003, the property boasts excellent curb appeal and ample parking, catering to both patients and staff. Located just one block west of Coulter Street in Amarillo's thriving medical district, this single-tenant building offers unparalleled convenience and accessibility. The building's strategic position provides easy access from both West Amarillo Boulevard and Coulter Street, ensuring high visibility and convenient access for patients and employees. The total building size is 11,362 square feet, with the 6,485 square foot space currently available for lease. This property is situated in Potter County. A tenant improvement allowance is available, providing flexibility for customizing the space to meet specific needs. This is an ideal location for medical professionals seeking a well-maintained, conveniently located, and easily accessible office space within a vibrant medical community. The property's substantial lot size offers significant potential for future expansion or development. This presents a rare opportunity to acquire a prime medical office building in a high-demand area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $450,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $605,000
- 6.5%
- $615,000
- 7%
- $620,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $695,000
- Geo Method
- $615,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $520,000
- Retail
- $655,000
- Mixed-Use
- $600,000
- Hospitality
- $540,000
- Educational
- $555,000
- Residential Income
- $530,000
- Energy
- $645,000
- Income-Based Land
- $585,000
- Food Service
- $555,000
Location Insight
- Map
- Local Demand
- City
- Amarillo
- County
- Potter
- State
- Texas
- Longitude
- -101.923
- Latitude
- 35.1937
- CBSA code
- 11100
- CBSA name
- AMARILLO, TX METROPOLITAN STATISTICAL AREA
