Legacy Square Medical Center
3 Care Circle Amarillo, TX 79124
3 Care Circle, Amarillo, TX, 79124
Contact for pricing
For Sale
Contact for pricing
Medical office space in Amarillo's Medical District available for sale.
Property Size10,000 SF
Price / SF$219.50
Days on Market803
Property Features for 3 Care Circle
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 2006
Listing Agency
Gaut Whittenburg Emerson CRE
(806) 373-3111
Listed by
Ben Whittenburg · License #TX SA664767000
Source
Crexi
Added: May 9, 2024 Checked: Jul 19 at 7:50 am
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.
Located in the Legacy Square Medical Center within Amarillo's Medical District, this property is situated just west of Coulter on Amarillo Blvd West. The property offers space suitable for medical office use. The property size is 10000 square feet.
Key Highlights
- Located in Legacy Square Medical Center.
- Situated in Amarillo's Medical District.
- Positioned just west of Coulter.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $180.0k | $18.00 |
| − Vacancy | −$27.0k | −$2.70 |
| EGI | $153.0k | $15.30 |
| − OpEx | −$38.3k | −$3.82 |
| NOI | $114.8k | $11.48 |
10,000 SF · lease $18.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.64M
$1.43M – $1.91M
NOI $114,750 @ 7.0% cap · market cap 5.23%
Second Best
Healthcare Medical
$1.59M
$1.39M – $1.86M
NOI $111,384 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$2.23M
$1.95M – $2.60M
NOI $156,288 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Valmed Home Health ...
Pharmacy
Lauri D. Thomas, ...
Pharmacy
Similar For Sale Nearby
Similar Off Market Nearby
- S P C A — 1900 Coulter St Suite G, Amarillo, TX 79106
FAQs
What type of property is this?
Medical Office Space - Medical office space in Amarillo's Medical District available for sale.
Where is this medical office space located?
The property is located at 3 Care Circle Amarillo, TX.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: Located in Legacy Square Medical Center.; Situated in Amarillo's Medical District.; Positioned just west of Coulter.
