6500 Amarillo BlvdAmarillo, TX 79106
- Office properties
- 26,410 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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