Functional Office Building Near
For Sale
$1,299,000
Pending
108 4TH Ave S, Safety Harbor, FL 34695
Professional office building in the heart of downtown Safety Harbor.
Property Size3,812 SF
Lot Size0.16 Acres
Days on Market100
Property Features for 108 4TH Ave S
General Information
Standard status
Pending
Size
3,812 SF
Lot size
0.16 Acres
Property subtype
Commercial
Building Details
Year Built
1957
Listing Agency:
KELLER WILLIAMS TAMPA PROP.
(727) 410-2896
Listed By:
Alexander Lucke · License #3351552
(727) 410-2896
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 23 at 4:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS TAMPA PROP.
Investment Insights
Based on property information with market context.
Located steps from Main Street in downtown Safety Harbor, this professional office building at 108 4th Avenue South presents an opportunity for an owner-user or investor. Constructed in 1957, the 3,812 square foot building is situated on approximately 0.16 acres in Flood Zone X. Currently configured as a medical office, the layout includes a front waiting area and reception desk, ten private offices, a dedicated conference room, three restrooms, and a kitchen. The efficient layout provides flexibility for various professional uses, such as medical, legal, financial, counseling, or general office operations. The building features two primary entrances on the east and west sides, allowing convenient access and potential tenant separation. The location offers visibility and proximity to Safety Harbor’s restaurants, boutiques, breweries, waterfront parks, and community amenities. It is also near the Third Friday Street Festival. Safety Harbor has been recognized as a top Main Street and Small Town. This property offers a combination of location, functionality, and community presence.
Key Highlights
- Prime location in downtown Safety Harbor, steps from Main Street and close to restaurants, boutiques, breweries, and waterfront parks.
- Nationally recognized small‑town setting, ranked as a top Main Street and small town by USA Today.
- Versatile 3,812 SF building suitable for owner‑user or investor, adaptable to various professional uses (medical, legal, financial, general office).
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $99.3k | $26.04 |
| − Vacancy | −$20.3k | −$5.34 |
| EGI | $78.9k | $20.70 |
| − OpEx | −$19.7k | −$5.18 |
| NOI | $59.2k | $15.53 |
3,812 SF · lease $26.04/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$845.5K
$739.8K – $986.4K
NOI $59,186 @ 7.0% cap · market cap 4.56%
Second Best
Healthcare Medical
$502.3K
$439.5K – $586.0K
NOI $35,159 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$991.5K
$867.6K – $1.16M
NOI $69,407 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
904
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34695, FL
17,927
Population
8,025
Households
2.2
Avg Household Size
52
Median Age
46%
College-Educated
96%
High-School Grad
5.6 sq mi
ZIP Area
3,201
Density / Sq Mi
$96,138
Median Household Income
$53,436
Median Earnings
$1,680
Median Rent
$418,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Animal Associates — 955 Delaware St, Safety Harbor, FL 34695
- silviasindex — Safety Harbor, FL 34695
Frequently Asked Questions
What type of property is this?
Medical Office Space - Professional office building in the heart of downtown Safety Harbor.
Where is this medical office space located?
The property is located at 108 4TH Ave S Safety Harbor, FL.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Prime location in downtown Safety Harbor, steps from Main Street and close to restaurants, boutiques, breweries, and waterfront parks.; Nationally recognized small‑town setting, ranked as a top Main Street and small town by USA Today.; Versatile 3,812 SF building suitable for owner‑user or investor, adaptable to various professional uses (medical, legal, financial, general office).
