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22 Care Circle 5,006 SF Office Building Amarillo, TX 79124 $940,000 ($187.77/SF) 8% Cap Rate
Executive Summary
Rare opportunity to acquire a fully leased, single-tenant net lease investment featuring a corporate-backed tenant in a well-established medical/professional corridor. The property is offered at $940,000, representing an 8.00% cap rate with stable, in-place income and minimal landlord responsibility.
Strategically located within a high-demand healthcare and office corridor, this asset offers dependable income, built-in rental growth, and a straightforward, low-management ownership
structure.
Strategically located within a high-demand healthcare and office corridor, this asset offers dependable income, built-in rental growth, and a straightforward, low-management ownership
structure.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
5,006 SF
Building Class
B
Year Built
2004
Price
$940,000
Price Per SF
$187.77
Cap Rate
8%
NOI
$75,200
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,006 SF
Building FAR
0.21
Lot Size
0.55 AC
Zoning
HC
Parking
32 Spaces (6.39 Spaces per 1,000 SF Leased)
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Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | R-005-7540-0440-0 | Improvements Assessment | $771,774 |
| Land Assessment | $71,873 | Total Assessment | $843,647 |
Property Taxes
Parcel Number
R-005-7540-0440-0
Land Assessment
$71,873
Improvements Assessment
$771,774
Total Assessment
$843,647
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22 Care Circle
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