7501 Wallace Blvd Amarillo, TX 79124-2150
For Lease
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Property summary
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
VerifiedCap rate & NOI
Current use
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Hospital
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Atm
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Medical Clinic
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Amarillo market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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