Medical Office with Private
For Sale
Under Contract
$1,299,000
108 4TH Avenue S, Safety Harbor, FL 34695
Commercial Sale, SAFETY HARBOR, FL
Property Size3,812 SF
Lot Size0.16 Acres
Price / SF$340.77
Days on Market290
Property Features for 108 4TH Avenue S
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
MSM
Subdivision
GREEN SPGS
Directions
Heading East on Main Street, make a right onto 4th Ave S. The property is located on the right side of the road just after you make the turn.
Standard status
Active Under Contract
APN
03-29-16-33372-013-0040
Size
3,812 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
GREEN SPRINGS BLK 13, LOT 4
Tax Annual Amount
9202
Legal Description
GREEN SPRINGS BLK 13, LOT 4
Utilities
Cooling system
Central Air
Building Details
Year built
1957
Building materials
Block, Stucco
Listing Agency:
KELLER WILLIAMS TAMPA PROP. · Keller Williams Realty
(813) 264-7754
Listed By:
Alexander Lucke · License #3351552
(727) 410-2896
Added: Dec 29, 2025
Changed: Oct 14
Last Checked: Oct 15 at 4:06AM
MLS# TB8459294
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1957, this 3,812-square-foot medical office occupies approximately 0.16 acres in downtown Safety Harbor. Its layout includes a waiting and reception area, ten private offices, a conference room, three restrooms, and a kitchen. Entrances on the east and west sides provide separate points of access. The building has block and stucco construction, central air conditioning, MSM zoning, and a Flood Zone X designation.
At 108 4th Avenue South, the property is just off Main Street and near downtown restaurants, boutiques, breweries, waterfront parks, and community amenities. Safety Harbor’s Third Friday Street Festival is also nearby.
At 108 4th Avenue South, the property is just off Main Street and near downtown restaurants, boutiques, breweries, waterfront parks, and community amenities. Safety Harbor’s Third Friday Street Festival is also nearby.
Key Highlights
- 3,812‑square‑foot building on approximately 0.16 acres
- Ten private offices, reception and waiting area, conference room, kitchen, and three restrooms
- 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.
How Realmo checks its estimates
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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
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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 - A reception area, conference room, kitchen, and multiple restrooms support the building’s current medical-office arrangement.
Where is this medical office space located?
The property is located at 108 4TH Avenue 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; Ten private offices, reception and waiting area, conference room, kitchen, and three restrooms; East- and west‑side entrances
