For Sale
$650,000

4 Medical Dr Amarillo, TX 79106

High-yield, multi-tenant office investment.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional Class A, multi-tenant office building at 4 Medical Dr, Amarillo, TX 79106, presents a compelling investment opportunity. Boasting 4,797 square feet across three units, the property enjoys 100% occupancy with all three tenants holding brand new 3-5 year leases, ensuring stable income. The building, constructed in 1978 and situated on a 20,908 square foot lot, features ample parking with 48 spaces. The property's strong financial performance is highlighted by a Net Operating Income (NOI) of $52,000 and an attractive 8.00% cap rate. The building is zoned O-2 (Office District 2) and benefits from its convenient location just off 9th Street, near Amarillo's Medical Center, attracting medically-oriented businesses. The roof was replaced in 2013 with a TPO membrane. This core investment property offers a secure and profitable return, ideal for discerning investors seeking a stable, high-performing asset in a thriving medical district. The asking price is $650,000. All three tenants occupy similarly sized suites.

Highlights

  • Exceptional investment opportunity: Multi-tenant office building with new 3-5 year leases.
  • Three tenants occupy similar-sized suites.
  • TPO roof replaced in 2013.
  • Ample parking: 48 spaces.
  • Prime medical district location near 9th Street in Amarillo, TX.
  • All tenants are medically-related businesses.

Property Details for 4 Medical Dr

Property type
Office properties, Medical offices
Square Feet
4,797 SF
Class
A
Year Built
1978
Units
3

Location Insight

City
Amarillo
County
Potter
State
Texas
Latitude
35.2073457
Longitude
-101.8962868

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FAQs

What type of property is this?
Office property - High-yield, multi-tenant office investment.
Where is the office property located?
The property is located at 4 Medical Dr Amarillo, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Exceptional investment opportunity: Multi-tenant office building with new 3-5 year leases.; Three tenants occupy similar-sized suites.; TPO roof replaced in 2013.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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Contacts

Jeff Gaut
Jeff Gaut
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Medical Dr
Amarillo, TX 79106

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Amarillo, TX 79106

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

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4 Medical Dr
  • Jeff Gaut
    Jeff Gaut
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