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    Property profile & analytics
    OFF-MARKET Estimated value $690,000
    Assisted living facilities

    7501 Wallace Blvd, Amarillo, TX 79124-2150

    65,251 SF 4.2 ac lot Built 2007
    Individually Owned 18-yr Hold Absentee Owner Free & Clear
    Property ID
    US82-3612202
    Property summary
    AI-generated overview

    This exceptional 44,494-square-foot Class A medical office building, located at 7501 Wallace Blvd in Amarillo, Texas (zip code 79124), presents a unique investment opportunity. The single-tenant property, situated in Potter County, offers a versatile layout ideal for a variety of medical uses. Previously operating as a 30-bed hospital, the building boasts a comprehensive suite of features designed for optimal medical practice. Key amenities include a 7-bed intensive care unit, extensive administrative office space, a dedicated radiographic imaging area, and a full-service commercial kitchen. The property also features a state-of-the-art overhead fire protection system, a covered ambulance entrance, and numerous private restrooms within both the hospital and ICU areas. Security is ensured through a robust system of security cameras and controlled access points. The building's construction is of Class A quality, and it includes medical gas lines and vacuum systems throughout. An isolation room with touch-free access further enhances its functionality. The space is adaptable and can be divided to accommodate the specific needs of a prospective tenant, making it an attractive option for both large and smaller medical practices. This prime location in Amarillo offers excellent visibility and accessibility.

    Property profile
    Verified
    Property type Assisted living facilities
    Use group HOMES (RETIRED, NURSING)
    Year built 2007
    Total area 65,251 SF
    Lot 4.2 ac (182,952 SF)
    APN R-065-1200-0400
    UPID US82-3612202
    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
    • Oceans Behavioral Hospital Amarillo Hospital
    • Cardtronics Atm
    • Infuse by Vibra Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $690k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $690k
    Owner & transaction history
    G & E Healthcare Reit Amarillo H · 18 yrs held
    G & E Healthcare Reit Amarillo H
    since 2008
    2 recorded transactions
    2008
    2008
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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