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Property profile & analytics
OFF-MARKET
Specialty properties

716 Polk St Amarillo, TX 79107

Property ID
Property summary
AI-generated overview

This exceptional 4,850 square foot commercial property is ideally situated in downtown Amarillo, Texas, at 716 N Polk St, zip code 79107. Its prime location offers high visibility, being conveniently located near the intersection of 7th and Taylor streets and adjacent to other medical facilities. The property boasts 15 designated parking spaces, providing ample convenience for employees and patients. Previously used as a children's medical clinic, this versatile space is well-suited for various medical practices or general office use. The layout includes a welcoming lobby and waiting area, multiple offices, and exam rooms, offering flexibility for customization to meet specific business needs. The property's adaptability makes it an attractive option for medical professionals seeking a new location or businesses requiring a prominent downtown presence. A significant advantage is its proximity to a major redevelopment project: a $30 million transformation of St. Anthony's hospital across the street, creating 124 senior living units within 565,000 square feet (completion expected Fall 2024). This ongoing development promises increased foot traffic and community growth in the area. The landlord is open to negotiating the rental rate per square foot, making this a compelling opportunity for prospective tenants. The property is a single-tenant space, offering exclusive use of the entire building.

Property profile
Verified
Property type Specialty properties
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Margaret A Walsh Md Pediatrician Medical Clinic
  • Wright Family Medical Pediatrics Pediatrician Medical Clinic
  • Walsh Meganne MD Pediatrician Medical Clinic
  • Nicole Wright Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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