6500 Amarillo BlvdAmarillo, TX 79106

  • Office properties
  • 26,410 SF
For Sale
$4,495,000 View listing

Property Details for 6500 Amarillo Blvd

Year built
1977
Lot size
3.69 AC
Property size (Sq ft)
26,410 SF
Zone code
PD
Property type
Office properties
Property subtype
Office buildings
APN
R-001-0750-1240
APU
R00107501240

Description

This exceptional 26,410-square-foot Class B office building, currently operating as the Texas A&M Agrilife Research & Extension Center, is available for purchase at $4,495,000. Located at 6500 W Amarillo Blvd in Amarillo, Texas, 79106, this single-tenant property sits on a substantial 20.99-acre lot and boasts 100% occupancy. The building features a mix of office space, classrooms, a large kitchen/break room, a shop area with a grade-level door, and a 300-person auditorium. The main facility occupies 7.65 acres, leaving 13.34 acres of excess land, which offers significant additional value. The property is zoned PD for Office/Medical Office, providing flexibility for various uses. Its strategic location at the intersection of W. Amarillo Blvd. and Killgore Dr. within the Harrington Regional Medical Center offers exceptional visibility and accessibility. The surrounding area includes BSA Hospital, Northwest Texas Hospital, and is across Coulter from the Texas Tech University Health Sciences Center at Amarillo and the Texas Tech University School of Veterinary Medicine. Amarillo, Texas, is a thriving economic hub in the Texas Panhandle, with diverse industries including oil and gas, agriculture, and healthcare. The land and buildings can be sold separately, and there is an option to purchase an adjacent property at 6610 W. Amarillo Blvd. This presents a unique opportunity to acquire a substantial property in a prime location with significant potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,747,475
    6.5%
    $3,459,208
    7%
    $3,212,122
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,221,894
    Geo Method
    $3,177,651
  • Alternative Use

    Use
    Valuation
    Residential
    $4,289,418
    Hospitality
    $3,929,083
    Educational
    $3,268,951
    Medical
    $3,381,376
    Retail
    $5,085,035
6500 Amarillo Blvd, Amarillo, Texas

Location Insight

City
Amarillo
County
Potter
State
Texas
Latitude
35.201
Longitude
-101.909
CBSA code
11100
CBSA name
AMARILLO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
-
$321,473
$3,415,547
$3,737,020
-
$321,473
$3,415,547
$3,737,020

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