6500 Amarillo BlvdAmarillo, TX 79106

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 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.

• 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

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

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