1600 Coulter StAmarillo, TX 79106

Property Details for 1600 Coulter St

Year built

1980

Lot size

1.56 AC

Property size (Sq ft)

16,573 SF

Zone code

PD

Property type

Medical offices

Property subtype

Medical centers

APN

R-065-3050-0270

APU

R06530500270

Description

This exceptional Class A medical office building, located at 1600 S Coulter in Amarillo, Texas, presents a unique investment opportunity. Boasting 17,973 square feet of vacant space, this property is ideally situated adjacent to Amarillo's hospitals, ensuring high visibility and convenient access for patients and staff. Constructed in 1980 and extensively renovated in 2011, the building offers a modern and functional layout, perfectly suited for medical practitioners. The interior is designed to accommodate four separate medical practices, each with its own dedicated entrance and exit, promoting privacy and efficiency. A significant feature is the inclusion of a 1,400 square foot basement providing ample file storage. The flexible design allows for either a single large tenant or division into four approximately 4,000 square foot units. Ample parking surrounds the building, ensuring convenient access for patients and staff. The property sits on a 1.56-acre lot and is zoned PD - Planned Development, offering potential for future expansion or adaptation. The asking price is $4,500,000. This property represents a rare opportunity to acquire a well-maintained, strategically located medical office building in a thriving Texas market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,665,200

  6.5%

  $2,460,180

  7%

  $2,284,450

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,394,300

  Geo Method

  $1,994,060

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $4,634,290

  Retail / Commercial

  $2,417,400

  Mixed-Use / Specialty

  $2,441,060

  Hospitality / Lodging

  $1,832,960

  Institutional / Educational

  $2,549,260

  Residential Income

  $2,982,630

  Multifamily

  $3,398,260

  Automotive / Energy

  $2,185,080

  Parking / Income-Based Land

  $722,153

  Restaurant / Food Service

  $1,338,500

  Healthcare / Senior Housing

  $2,470,160

Location Insight

City

Amarillo

County

Potter

State

Texas

Latitude

35.1968

Longitude

-101.923

CBSA code

11100

CBSA name

AMARILLO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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