Medical Office with Private
New
For Sale
$1,299,000
108 4th Ave S, Safety Harbor, FL 34695
The downtown building includes a reception area, conference room, kitchen, and entrances on its east and west sides.
Property Size3,812 SF
Lot Size0.16 Acres
Price / SF$340.77
Days on Market3
Property Features for 108 4th Ave S
General Information
Standard status
Active
Size
3,812 SF
Lot size
0.16 Acres
Building Details
Year Built
1957
Buildings
1
Building Size
3,812 SF
Listing Agency:
KELLER WILLIAMS TAMPA PROP.
Listed By:
Alexander Lucke · License #3351552
(727) 410-2896
Source:
Livewelltampabay
Added: Oct 4
Last Checked: Oct 4 at 2:08PM
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.
Built in 1957, this 3,812-square-foot medical office property occupies approximately 0.16 acres at 108 4th Ave S. Its layout includes a front reception and waiting area, 10 private offices, a conference room, three restrooms, and a kitchen. Two entrances, located on opposite sides of the building, provide separate access points. The property is in Flood Zone X.
The address is just off Main Street in downtown Safety Harbor, within walking distance of restaurants, boutiques, breweries, waterfront parks, and other community amenities. The Third Friday Street Festival takes place nearby each month.
The address is just off Main Street in downtown Safety Harbor, within walking distance of restaurants, boutiques, breweries, waterfront parks, and other community amenities. The Third Friday Street Festival takes place nearby each month.
Key Highlights
- 3,812‑square‑foot building on approximately 0.16 acres
- Configured with 10 private offices, a conference room, reception and waiting areas, three restrooms, and a kitchen
- East- and west‑side entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,186
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,183,720
$1.2M
Cap Rate 7%
$845,514
$845.5K
Cap Rate 9%
$657,622
$657.6K
Market Conditions
NOI Build-Up for 3,812 SF
Gross rent
$99.3K $26.04/SF
− Vacancy
−$20.3K −$5.34/SF
EGI
$78.9K $20.70/SF
− OpEx
−$19.7K −$5.18/SF
NOI
$59.2K $15.53/SF
Area
Pinellas County, FL
Vacancy
20.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,183,720
Cap Rate 7%
$845,514
Cap Rate 9%
$657,622
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
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
979
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - The downtown building includes a reception area, conference room, kitchen, and entrances on its east and west sides.
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: 3,812‑square‑foot building on approximately 0.16 acres; Configured with 10 private offices, a conference room, reception and waiting areas, three restrooms, and a kitchen; East- and west‑side entrances
