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Property profile & analytics
OFF-MARKET Estimated value $615,000
Medical Office Space

7308 Fleming Ave Amarillo, TX 79106-1829

11,362 SF 0.84 ac lot Built 1983
Individually Owned 2-yr Hold Absentee Owner Free & Clear
Property ID
US82-4052880
Property summary
AI-generated overview

This exceptional 6,485 square foot medical office building, situated on a spacious 36,590 square foot lot, presents a unique investment opportunity. Constructed in 1983 and extensively renovated in 2003, the property boasts excellent curb appeal and ample parking, catering to both patients and staff. Located just one block west of Coulter Street in Amarillo's thriving medical district, this single-tenant building offers unparalleled convenience and accessibility. The building's strategic position provides easy access from both West Amarillo Boulevard and Coulter Street, ensuring high visibility and convenient access for patients and employees. The total building size is 11,362 square feet, with the 6,485 square foot space currently available for lease. This property is situated in Potter County. A tenant improvement allowance is available, providing flexibility for customizing the space to meet specific needs. This is an ideal location for medical professionals seeking a well-maintained, conveniently located, and easily accessible office space within a vibrant medical community. The property's substantial lot size offers significant potential for future expansion or development. This presents a rare opportunity to acquire a prime medical office building in a high-demand area.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1983
Total area 11,362 SF
Lot 0.84 ac (36,590 SF)
Zoning code O1
APN R-065-3050-1100
UPID US82-4052880
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
  • Dr. Robert E. Gerald, MD Ophthalmologist
  • Rush J Avery MD Physician
  • Rush Lasik: Rush Sloan W MD Physician Ophthalmologist
  • Mark Gage Physician
  • Dr. Gina Matteson Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$450k
CAP Approach CAP
by Request
Comparable Approach Comparable
$783k
Blend (final) Blend
$615k
Owner & transaction history
Richard Davila II · 2 yrs held
Richard Davila II
since 2023
2 recorded transactions
2025
Price N/A
2023
Price N/A
Zoning & alternative use
O1 · Amarillo, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage $905,000 +9.3%
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