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Property profile & analytics
OFF-MARKET Estimated value $565,000
Day care centers

5398 Meadowgreen Dr Amarillo, TX 79110-4606

10,602 SF 0.92 ac lot Built 2003
Individually Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US82-3068888
Property summary
AI-generated overview

This exceptional 10,602 square foot executive office space, located at 5398 Meadowgreen Drive in Amarillo, Texas, presents a unique investment opportunity. Built in 2004, the property sits on a 0.93-acre lot and is currently configured as a daycare center, offering a versatile layout adaptable to various commercial uses. The building boasts 11 classrooms, each with its own bathroom, providing ample space for individual offices or collaborative work areas. Four additional private offices offer executive suites or dedicated workspaces. Supporting amenities include a laundry room, breakroom, and extensive storage space. A commercial kitchen equipped with a grease trap adds further versatility. The property also features multiple playgrounds with jungle gyms and an outdoor bathroom, ideal for employee recreation or potential expansion. The building is well-maintained and in excellent condition. A Net Net Net (NNN) lease is available for $9,550 per month with a two-year term. This property is zoned for commercial use and offers significant potential for a variety of businesses seeking a spacious and well-equipped location in Amarillo, Texas, 79110. The property's location in Randall County provides easy access to major transportation routes and amenities. This is a rare opportunity to acquire a substantial commercial property in a thriving Texas market.

Property profile
Verified
Property type Day care centers
Use group DAY CARE, PRE-SCHOOL
Year built 2003
Total area 10,602 SF
Lot 0.92 ac (40,075 SF)
Zoning code O
APN R-044-9214-0200
UPID US82-3068888
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
  • Learning Depot Child Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$400k
CAP Approach CAP
by Request
Comparable Approach Comparable
$735k
Blend (final) Blend
$565k
Owner & transaction history
Series 5398 Meadowgreen A Series Of · 3 yrs held
Series 5398 Meadowgreen A Series Of
since 2022
1 recorded transaction
2022
Price N/A
Zoning & alternative use
O · Amarillo, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $865,000 +28.1%
Warehouse, storage $815,000 +20.9%
Medical building $700,000 +3.9%
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