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Property profile & analytics
OFF-MARKET
Estimated value
$2,330,000
Medical Office Space
1900 Medi Park Dr Amarillo, TX 79106-2187
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-4311978
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1994
Total area
22,145 SF
Lot
2.5 ac (108,900 SF)
Zoning code
GR
APN
R-035-0300-4704
UPID
US82-4311978
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
-
James R. Lemert, Jr., MD Physician Medical Clinic
-
David M. Wilhelm, M.D. Physician Medical Clinic
-
Dr. Charles S. Teeple, MD Physician Medical Clinic
-
Dr. Heidi Jordan Physician
-
Matthew Holcomb Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.43M
Blend (final)
Blend
$2.33M
Owner & transaction history
Scf Rc Funding IV LLC · 6 yrs held
Scf Rc Funding IV LLC
since 2019
4 recorded transactions
Zoning & alternative use
GR · Amarillo, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.1M
+93.1%
Auto repair, garage
$3.0M
+83.7%
Restaurant
$2.7M
+64.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Amarillo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Amarillo submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,615,000
Current use
RETAIL STORES
$3,115,000
Change: +93% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,965,000
Change: +84% · Conversion: Difficult
RESTAURANT
$2,655,000
Change: +64% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,765,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$2.33M
Range $2.10M – $2.56M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$105 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$55,137
Tax year 2023
Assessed value
$3,331,108
Assessed 2024
Previous assessed
$2,548,371
+30.7% YoY
Effective rate
1.66%
On assessed value
Assessed land
$272,250
Assessed improvement
$3,058,858
Land market value
$272,250
Improvement market value
$3,058,858
Total market value
$3,331,108
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1994
Heating
YES
Cooling
YES
Stories
1
Rooms
1
Total area
22,145 SF
Lot
2.5 ac (108,900 SF)
Zoning code
GR
APN
R-035-0300-4704
UPID
US82-4311978
Jurisdiction
POTTER
Zoning & alternative use
GR · Amarillo, TX
Zoning GR · permitted uses
GR · Amarillo, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Amarillo. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.6M
RETAIL STORES
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$3.0M
RESTAURANT
Est. value
$2.7M
WAREHOUSE, STORAGE
Est. value
$1.8M
MEDICAL BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
RESTAURANT
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1994
Heating
YES
Cooling
Yes
Stories
1
Rooms
1
Lot
2.5 ac
Current owner
From public records · entity-resolved
Scf Rc Funding IV LLC
Entity
Mailing address
902 CARNEGIE CTR STE #520, PRINCETON, NJ 08540-6531
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2019
—
Scf Rc Funding IV LLC
Aua Building Ltd
Grant Deed
related
—
—
—
Aua Building Ltd
—
Deed Of Trust
related
$690,525 · Amarillo National Bank
—
—
Aua Building Ltd
—
Loan Modification
related
$2,695,399 · Amarillo Nat'l Bk
—
—
Aua Building Ltd
—
Loan Modification
related
$2,700,000 · Amarillo Nat'l Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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