7404 Wallace Blvd, Amarillo, TX 79106 – Commercial Improved Land

CommercialYear Built 1999Total Assessed Value $7,500,000County Potter

Property Details

The Commercial property 7404 Wallace Blvd, Amarillo, TX 79106 is located in Potter County. The specific property type is Commercial Improved Land. The total assessed value of this property is $7,500,000.

The gross building area is 113,625 square feet and the land area is 220,616 square feet for this Commercial Improved Land built in 1999.

Legal description: City/Muni/Twp:City Of Amarillo Ridgeview Medical Ctr # 12 Amd, Lot 004, Blk 0001, 5.0600 Acres Map Ref:Map I12

$7,500,000

Market Value

N/A

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

1 / 4

Property Information

Property TypeCommercial

Sub Property TypeCommercial Improved Land

Building Area113,625

Land Size220,616

Land Value$991,861

Improved Value$6,508,139

Total Assessed Value$7,500,000

Year Built1999

County NamePotter

Account NumberR-065-3050-0230

Cap RateN/A

Very Walkable

Good Transit

Bikeable

Amenities

Parking Space5

HeatingNone

Type ConstructionOther

No of Stories2

Garage TypeCarport 0

Number of Units146

Exterior WallsBrick

Lot Depth (ft)575

Lot Frontage (ft)384

Sales History

1/18/2021

Arms-lengthNot Disclosed

Buyer

Ohi Asset Tx Monahans Llc

Seller

Hcp Sh Elp2 Properties Llc

Book Number

2021.1455

Recording Date

1/18/2021

Transaction Details

Ohi Asset Tx Monahans Llc acquired the property from Hcp Sh Elp2 Properties Llc through a Arms-length transaction on 1/18/2021 for .

1/18/2021

Arms-length$312,500

Buyer

Ohi Asset Tx Amarillo Llc

Seller

Hcp Sh Elp2 Properties Llc

Book Number

2021OPR0001455

Recording Date

1/18/2021

Transaction Details

Ohi Asset Tx Amarillo Llc acquired the property from Hcp Sh Elp2 Properties Llc through a Arms-length transaction on 1/18/2021 for $312,500.

12/17/2012

Arms-lengthNot Disclosed

Buyer

Hcp Sh Elp2 Properties Llc

Seller

Bre/sw Canyonview Estates Llc

Book Number

1227360

Recording Date

12/17/2012

Transaction Details

Hcp Sh Elp2 Properties Llc acquired the property from Bre/sw Canyonview Estates Llc through a Arms-length transaction on 12/17/2012 for .

10/31/2012

Arms-lengthNot Disclosed

Buyer

Hcp Sh Elp2 Properties Llc

Seller

Bresw Canyonview Estates Llc

Book Number

Recording Date

10/31/2012

Transaction Details

Hcp Sh Elp2 Properties Llc acquired the property from Bresw Canyonview Estates Llc through a Arms-length transaction on 10/31/2012 for .

10/31/2012

Arms-lengthNot Disclosed

Buyer

Hcp Sh Elp2 Properties Llc

Seller

Bresw Canyonview Estates Llc

Book Number

1227360

Recording Date

10/31/2012

Transaction Details

Hcp Sh Elp2 Properties Llc acquired the property from Bresw Canyonview Estates Llc through a Arms-length transaction on 10/31/2012 for .

9/30/2003

Arms-lengthNot Disclosed

Buyer

Amarillo Assisted Living Lp

Seller

Grand Court Amarillo Lp

Book Number

3383/200

Recording Date

9/30/2003

Transaction Details

Amarillo Assisted Living Lp acquired the property from Grand Court Amarillo Lp through a Arms-length transaction on 9/30/2003 for .

4/30/1998

Arms-lengthNot Disclosed

Buyer

Grand Court Amarillo Lp

Seller

Charitable Lead Annuity Tr

Book Number

2751/1

Recording Date

4/30/1998

Transaction Details

Grand Court Amarillo Lp acquired the property from Charitable Lead Annuity Tr through a Arms-length transaction on 4/30/1998 for .

Property constructed in 1999

YSale Price (USD) byXSales Year

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Mortgage History

1/20/2021

Helocs both purchase money and non purchase money helocs$250,000

Borrower

Phi Asset Tx Amarillo Llc

Lender

Happy State Bank

Book Number

Recording Date

1/20/2021

Transaction Details

Phi Asset Tx Amarillo Llc borrowed the property from Happy State Bank through a Helocs both purchase money and non purchase money helocs transaction on 1/20/2021 for $250,000.

Property constructed in 1999

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2025	$991,861	$6,508,139	$7,500,000	$7,500,000	Ohi Asset Tx Amarill...	-	City/Muni/Twp:City O...	91420.00	Ridgeview Medical Ct...	220,616	113,625
2024	$991,861	$5,008,139	$6,000,000	$6,000,000	Ohi Asset Tx Amarill...	-	City/Muni/Twp:City O...	91420.00	Ridgeview Medical Ct...	220,616	113,625
2023	$991,861	$3,958,139	$4,950,000	$4,950,000	Ohi Asset Tx Amarill...	-	CITY/MUNI/TWP:CITY O...	91420.01	RIDGEVIEW MEDICAL CT...	220,616	113,625
2021	$992,772	$3,807,228	$4,800,000	$4,800,000	Ohi Asset Tx Amarill...	303 International Ci...	RIDGEVIEW MEDICAL CT...	-	RIDGEVIEW MEDICAL CT...	220,616	113,625
2019	$992,772	$4,208,108	$5,200,880	$5,200,880	Hcp Sh Elp2 Properti...	6737 W Washington St...	RIDGEVIEW MEDICAL CT...	-	RIDGEVIEW MEDICAL CT...	220,616	60,643
2018	$992,772	$4,255,035	$5,247,807	$5,247,807	Hcp Sh Elp2 Properti...	6737 W Washington St...	RIDGEVIEW MEDICAL CT...	-	RIDGEVIEW MEDICAL CT...	220,616	60,643
2017	$992,772	$4,254,403	$5,247,175	$5,247,175	Hcp Sh Elp2 Properti...	6737 W Washington St...	RIDGEVIEW MEDICAL CT...	-	RIDGEVIEW MEDICAL CT...	220,616	113,625
2016	$992,772	$4,903,454	$5,896,226	$5,896,226	Hcp Sh Elp2 Properti...	1920 Main St, IRVINE...	RIDGEVIEW MEDICAL CT...	-	RIDGEVIEW MEDICAL CT...	220,616	113,625
2015	$992,772	$4,903,454	$5,896,226	$5,896,226	Hcp Sh Elp2 Properti...	1920 Main St, IRVINE...	RIDGEVIEW MEDICAL CT...	-	RIDGEVIEW MEDICAL CT...	220,616	113,625
2014	$992,772	$4,903,454	$5,896,226	$5,896,226	Hcp Sh Elp2 Properti...	1920 Main St, IRVINE...	RIDGEVIEW MEDICAL CT...	-	RIDGEVIEW MEDICAL CT...	220,616	113,625

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Rent & Occupancy

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Comparables

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Nearby Lenders

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	7404 Wallace Blvd, Amarillo, TX 79106	—	-	220,616	1999	113,625	$ 7,500,000	$ 991,861	-
Prosperity Bank	317 S Harrison St, Amarillo, TX 79101	08/20/2025	$ 250,000	4,200	0	-	$ 6,375	$ 4,356	-
Prosperity Bank	313 S Harrison St, Amarillo, TX 79101	08/20/2025	$ 250,000	4,200	0	-	$ 6,750	$ 4,356	-
Prosperity Bank	303 S Harrison St, Amarillo, TX 79101	08/20/2025	$ 250,000	8,400	0	-	$ 13,346	$ 8,276	-
Shapiro Family Lp	1007 N Fillmore St, Amarillo, TX 79107	06/06/2025	$ 126,000	3,500	0	-	$ 3,199	$ 1,575
Prosperity Bank	303 S Harrison St, Amarillo, TX 79101	04/15/2025	$ 500,000	8,400	0	-	$ 13,346	$ 8,276	Reinbold Inc
First United Bank	100 S Fillmore St, Amarillo, TX 79101	12/30/2024	$ 185,000	4,500	0	-	$ 8,010	$ 4,356
First United Bank	6200 W Interstate 40, Amarillo, TX 79106	09/25/2024	$ 755,000	80,180	2009	55,112	$ 7,950,000	$ 480,902	Cca Real Estate Llc
E & I Estates Llc	607 N Mirror St, Amarillo, TX 79107	08/28/2024	$ 220,000	18,750	0	-	$ 12,326	$ 5,619
Cap Certified Dev Corporation	1502 Se 10th Ave, Amarillo, TX 79102	08/27/2024	$ 288,000	6,750	1976	525	$ 10,273	$ 9,801	Bomb City Armory Llc
Centennial Bank	604 S Van Buren St, Amarillo, TX 79101	08/09/2024	$ 800,000	16,800	0	-	$ 29,031	$ 21,236

Mean$ 1,188,049

Median$ 269,000.0

Loan Amount Range$ 67,900 - $ 13,500,000

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
7404 WALLACE BLVD, AMARILLO, TX 79106-1818	CANYON VIEW ESTATES	8063568346	RESIDENTIAL CARE HOMES
7404 WALLACE BLVD, AMARILLO, TX 79106-1818	BROOKDALE MEDI PARK WEST	2144522702	SENIOR CITIZENS HOUSING
7404 WALLACE BLVD, AMARILLO, TX 79106-1818	EMERITUS AT CANYONVIEW ESTATES	2144522702	ASSISTED LIVING FACILITY CONSULTANTS
7404 WALLACE BLVD, AMARILLO, TX 79106-1818	ACCOLADE HOMECARE HOSPICE	8063522746	HOME HEALTH CARE SERVICES
7404 WALLACE BLVD, AMARILLO, TX 79106-1818	COMPASSION HOME HEALTH	8063580537	HOME HEALTH CARE SERVICES

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Tenant Industry Distribution

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License Details

License Number

32042048614

Permit Holders

Issued By

Sales Tax Permit Holders

State Authority

Issue Date

8/3/2010

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	BRE/SW CANYONVIEW ESTATES LLC
	Address Line	6737 w washington st ste 2300
	City / State / Zip	milwaukee WI 53214
Entity Information	Entity Type	-
Entity Information	Business Type	-
Zoning Information	Zoning	-
Government Codes	FIPS Code	48375
Government Codes	Census Tract	-
Postal Information	ZIP Status Code	53214
Registration Details	SOS Code

License Timeline

License Issued

8/3/2010

Currently Active

Status: -

Renewal Required

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