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Property profile & analytics
OFF-MARKET
Estimated value
$1,260,000
Medical Office Space
1901 Medi Park Dra Amarillo, TX 79106-2110
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US83-3820901
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1970
Total area
31,106 SF
Lot
0.37 ac (16,117 SF)
Zoning code
GR
APN
R-035-0300-4250
UPID
US83-3820901
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
-
Matthew Robinson Associates & LLC General Contractor
-
Dr. Larry G. Schulz, DDS Dental Office
-
Smith Leonard W - DDS Ms Inc Dental Office
-
Goebel Fonda Dental Office
-
Leonard W Smith DDS, MS, Inc. Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$830k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.69M
Blend (final)
Blend
$1.26M
Owner & transaction history
Advanced Health Holdings LLC · 8 yrs held
Advanced Health Holdings LLC
since 2017
7 recorded transactions
Zoning & alternative use
GR · 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
General Retail
General category
COMMERCIAL
Zone area
2,652.18 ac
Source
code of ordinances
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
$830,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.26M
Range $1.13M – $1.39M · ±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
$41 / 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
$35,312
Tax year 2023
Assessed value
$2,172,396
Assessed 2024
Previous assessed
$1,632,092
+33.1% YoY
Effective rate
1.63%
On assessed value
Assessed land
$196,020
Assessed improvement
$1,976,376
Land market value
$196,020
Improvement market value
$1,976,376
Total market value
$2,172,396
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
1970
Heating
FLOOR/WALL FURNACE
Stories
2
Rooms
1
Total area
31,106 SF
Lot
0.37 ac (16,117 SF)
Zoning code
GR
APN
R-035-0300-4250
UPID
US83-3820901
Jurisdiction
POTTER
Zoning & alternative use
GR · Amarillo, TXZoning GR · permitted uses
GR · Amarillo, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · 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 restrictive shall govern. (89) Secondhand Merchandise Dealers or Storage: The keeping, handling, storage or use of furniture, appliances and/or other merchandise or goods for sale or display. "Secondhand merchandise" is defined as an item which has previously been sold at the wholesale or retail level or previously used by an individual or business. Except in an I-2 Zoning District, any outdoor storage or display of such merchandise shall require visual screening to the standards set out in
Zone name
General Retail
General category
COMMERCIAL
Zone area
2,652.18 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1970
Heating
FLOOR/WALL FURNACE
Stories
2
Rooms
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Advanced Health Holdings LLC
Entity
Mailing address
PO BOX 51620, AMARILLO, TX 79159-1620
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2018
—
Advanced Health Holdings LLC
—
Trustees Deed
related
$936,000 · First Citizens Bk
Aug 15, 2017
—
Advanced Health Holdings LLC
Medi Park Office Comples LLC
Venders Lien
$2,710 · First Citizens Bk
May 4, 2009
—
Medi-park Office Complex LLC
Boykin Med Offices LLC
Grant Deed
—
Jul 14, 2006
—
Boykin Med Offices LLC
Cmat 1999-c1 Amarillo Office B
Grant Deed
$1,650,000 · Amarillo National Bank
Jan 31, 2005
—
Cmat 1999-c1 Amarillo Office B
Medi-park Drive Operating Asso
Grant Deed
related
—
—
—
Medi-park Office Complex LLC
—
Deed Of Trust
related
—
—
—
Medi-park Office Complex LLC
—
Deed Of Trust
related
$400,000 · Amarillo Nat'l Bk
—
—
Medi-park Office Complex LLC
—
Deed Of Trust
related
$2,000,000 · Woodmen Of World Life Insuranc
—
—
Medi-park Office Complex LLC
—
Loan Modification
related
—
—
—
Medi-park Office Complex LLC
—
Loan Modification
related
$350,000 · Amarillo Nat'l Bk
—
—
Medi-park Office Complex LLC
—
Loan Modification
related
$350,000 · Amarillo Nat'l Bk
—
—
Medi-park Office Complex LLC
—
Loan Modification
related
$350,000 · Amarillo Nat'l Bk
—
—
Medi-park Office Complex LLC
—
Loan Modification
related
$450,000 · Amarillo Nat'l Bk
—
—
Medi-park Office Complex LLC
—
Loan Modification
related
$450,000 · 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.
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