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    28 Medical Dr Amarillo, TX 79106-4136

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    28 Medical Dr Amarillo, TX 79106-4136

    View on Map
    • Medical Office Space
    • 2,240 SF
    • 0.15 lot acres
    Off-Market
    Property ID
    US82-0404623
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Herbalife Mission Nutrition / Specialty Food Shop
    • Taylor'd Computer Networks / Tech Support Center / IT Consulting Firm
    • My Computer Guy / Computer & Electronic Repair

    Property Details for 28 Medical Dr

    Year built
    1974
    Lot size
    0.15 lot acres
    Property size
    2,240 SF
    Zone code
    OS
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    R-044-7500-1180
    APU
    R04475001180

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Potter
    State
    Texas
    Longitude
    -101.898
    Latitude
    35.2063
    CBSA code
    11100
    CBSA name
    AMARILLO, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,943
    $22,869
    $152,161
    $175,030
    -
    $22,869
    $152,161
    $175,030

    Comparable in this City

    • Value Estimation
      $4,895,000
      56,169 SF

      6700 9th Ave

      MEDICAL BUILDING • 56,169 SF
      6700 9th Ave, Amarillo, TX 79106-1701
      View Details
    • Value Estimation
      $1,105,000
      10,087 SF

      7000 9th Ave

      MEDICAL BUILDING • 10,087 SF
      7000 9th Ave, Amarillo, TX 79106-1709
      View Details
    • Value Estimation by Request
      7,666 SF

      7310 Fleming Ave

      MEDICAL BUILDING • 7,666 SF
      7310 Fleming Ave, Amarillo, TX 79106-1807
      View Details
    • Value Estimation
      $3,550,000
      36,887 SF

      1000 Coulter St

      MEDICAL BUILDING • 36,887 SF
      1000 Coulter St, Amarillo, TX 79106-1840
      View Details
    • Value Estimation by Request
      2,943 SF

      1900 Coulter St, Unit 15-5

      MEDICAL BUILDING • 2,943 SF
      1900 Coulter St, Amarillo, TX 79106-1784
      View Details
    • Value Estimation by Request
      2,802 SF

      1900 Coulter St, Unit 10-8

      MEDICAL BUILDING • 2,802 SF
      1900 Coulter St, Amarillo, TX 79106-1784
      View Details

    Similar Nearby for Sale

    • $650,000
      4,797 SF

      Amarillo Medical Office Building

      High-yield, multi-tenant office investment.
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      View Details
    • Contact for pricing

      Skilled Nursing Facility and Townhomes

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      Medical Office Space For Sale

      Medical office space in established Amarillo location near hospitals.
      1900 S Coulter Unit F St, Amarillo, TX 79106
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      3,320 SF

      Medical Office Building For Sale

      Medical office building with exam rooms and ample parking.
      1911 Port Ln, Amarillo, TX 79106
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      17,973 SF

      Medical Office Building For Sale

      Medical office building with modern layout and convenient parking.
      1600 S Coulter St, Amarillo, TX 79106
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    • Contact for pricing
      3,320 SF

      Medical Office in Amarillo District

      Medical office building in Amarillo's Medical District for sale.
      1911 Port Ln, Amarillo, TX 79106
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Medical Office Complex For Lease

      Two-story medical office building near Harrington Regional Medical Center.
      1901 Medi-Park Dr, Amarillo, TX 79106
      View Details
    • Contact for pricing
      56,407 SF

      Medical Office Space Available

      Medical office space for rent in Amarillo, Texas.
      1901 Port Ln, Amarillo, TX 79106
      View Details
    • Contact for pricing
      6,000 SF

      Spacious Medical Office for Rent

      Well-equipped medical office space available for lease.
      1000 Craig Dr, Amarillo, TX 79106
      View Details
    • Contact for pricing
      3,313 SF

      High Visibility Office Space Available

      Office space with I-40 visibility and flexible layout.
      4211 W Interstate 40, Amarillo, TX 79106
      View Details
    • $1,200 /Mo

      Shop and Office Space

      Commercial space for shop and office use on corner lot.
      2621 W Amarillo Blvd, Amarillo, TX 79106
      View Details
    • $23 SF/Yr

      Office Tower in Medical District

      Professional office space in Amarillo Medical District with modern amenities.
      1215 S Coulter St, Amarillo, TX 79106
      View Details
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    28 Medical Dr
    Amarillo, TX 79106-4136
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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