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Property profile & analytics
FOR SALE
Medical Office Space

1600 S Coulter St Amarillo, TX 79106

16,573 SF 1.56 ac lot Built 1980
Individually Owned 15-yr Hold ~ Est. High Equity
Property ID
US82-1542379
Property summary
AI-generated overview

This exceptional Class A medical office building, located at 1600 S Coulter in Amarillo, Texas, presents a unique investment opportunity. Boasting 17,973 square feet of vacant space, this property is ideally situated adjacent to Amarillo's hospitals, ensuring high visibility and convenient access for patients and staff. Constructed in 1980 and extensively renovated in 2011, the building offers a modern and functional layout, perfectly suited for medical practitioners. The interior is designed to accommodate four separate medical practices, each with its own dedicated entrance and exit, promoting privacy and efficiency. A significant feature is the inclusion of a 1,400 square foot basement providing ample file storage. The flexible design allows for either a single large tenant or division into four approximately 4,000 square foot units. Ample parking surrounds the building, ensuring convenient access for patients and staff. The property sits on a 1.56-acre lot and is zoned PD - Planned Development, offering potential for future expansion or adaptation. The asking price is $4,500,000. This property represents a rare opportunity to acquire a well-maintained, strategically located medical office building in a thriving Texas market.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1980
Total area 16,573 SF
Lot 1.56 ac (67,954 SF)
Zoning code PD
APN R-065-3050-0270
UPID US82-1542379
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
  • Ritchie Thomas M DDS Dental Office
  • Ruiz Family Dental: Ruiz Michelle DDS Dental Office
  • Ruiz Family Dental: Black Danny E DDS Dental Office
  • Whittington Ronald D DDS Dental Office
  • Clinical Pathology Labs Inc Medical Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.41M
Blend (final) Blend
$1.61M
Owner & transaction history
Amarillo Orthopedic Specialist · 15 yrs held
Amarillo Orthopedic Specialist
since 2011
4 recorded transactions
2011
Price N/A
2011
Price N/A
2010
Price N/A
1969
Price N/A
Zoning & alternative use
PD · Amarillo, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

remelting purposes, which is located in the A, GR, LC, CB, HC, I-1 and PD Zoning Districts. It also does not include the incidental outdoor display of commodities for retail sale where the use is permitted by section 4-10-82 in a GR General Retail District. Where either this designation of an open storage activity or another designation might apply, the more…

Zone name Planned Development District
General category PLANNED_DEVELOPMENT
Zone area 2.34 ac
Source code of ordinances
Top alternative use upside
Retail stores $2.3M +93.1%
Auto repair, garage $2.2M +83.7%
Restaurant $2.0M +64.4%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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