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940 Buena Vis St Amarillo, TX 79106-4309

OFF-MARKET Medical Office Space Google Maps
5,504 SF 0.81 ac lot Built 1983
Entity Owned 1-yr Hold ~ Est. High Equity
Estimated value (blended)
$330k
Range $297k – $363k (±10%)
Property ID US82-4812731

Property summary

AI-generated overview

This exceptional Class A medical office building, located at 940 Buena Vista St, Amarillo, TX 79106, presents a unique investment opportunity. The 5,504 square foot building, constructed in 1983 and situated on a 35,540 square foot lot, is zoned GR - General Retail. Recent upgrades significantly enhance its appeal and functionality. These improvements include a new roof, a modernized HVAC system, updated water heaters, and energy-efficient LED lighting throughout. The interior layout is well-designed for optimal workflow, featuring 10 spacious treatment rooms, four bathrooms, and two breakrooms. Multiple rear entrances provide convenient access for staff and deliveries, while a dedicated server room ensures technological readiness. Ample parking is available, and a prominent monument sign ensures high visibility. The substantial extra land behind the building offers significant potential for future expansion or the creation of outdoor therapeutic space. This property is ideally suited for a variety of healthcare uses, including physical therapy practices and medical doctor's offices. The asking price is $525,000.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1983
Total area 5,504 SF
Lot 0.81 ac (35,284 SF)
Zoning code GR
APN R-001-1600-2100
UPID US82-4812731

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2025
7 recorded transactions
2025
Price N/A
2009
Price N/A
2006
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

GR · Amarillo, TX
Zoning description

remelting purposes, which is located in the A, GR, LC, CB, HC, I-1 and PD Zoning Districts. It also does not include the incidental outdoor display of commodities for retail sale where the use is permitted by section 4-1…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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