3 Care CirAmarillo, TX 79124

Property Details for 3 Care Cir

Year built

2006

Lot size

1.03 AC

Property size (Sq ft)

7,087 SF

Zone code

HC

Property type

Office properties

Property subtype

Office buildings

APN

297997

APU

297997

Description

This exceptional Class A office building, located at 3 Care Cir in Amarillo, Texas, presents a unique investment opportunity. Boasting 10,000 square feet of meticulously maintained space, this property is ideally situated in the vibrant Medical District of Potter County, zip code 79124. Built in 2006 and subsequently remodeled, the building features high-end construction with a striking blend of stone, brick, and wood accents. The current configuration includes a corporate office setup and a drive-thru pharmacy component, offering significant versatility for a variety of uses. The property is fully occupied, ensuring immediate cash flow. Ample parking is provided with 33 spaces in a well-lit lot, enhanced by a comprehensive security system including security cameras. The 1.03-acre lot is zoned for heavy commercial use, providing flexibility for future expansion or redevelopment. The building's impressive features, prime location, and strong occupancy rate make this a truly exceptional investment opportunity. The asking price has been reduced, making this an even more compelling proposition. This move-in ready property is ready for immediate occupancy. Don't miss this chance to acquire a high-quality, income-producing asset in a thriving Texas market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,005,617

  6.5%

  $928,262

  7%

  $861,958

• Comparable approach

  Method

  Valuation

  Relative Method

  $596,235

  Geo Method

  $852,708

• Alternative Use

  Use

  Valuation

  Residential

  $1,151,045

  Hospitality

  $1,054,351

  Educational

  $877,208

  Medical

  $907,376

  Retail

  $1,364,545

Location Insight

City

Amarillo

County

Potter

State

Texas

Latitude

35.1897

Longitude

-101.928

CBSA code

11100

CBSA name

AMARILLO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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