Medical Office
New
For Sale
$1,299,000
Pending
108 4TH S, Safety Harbor, FL 34695
A downtown professional layout pairs multiple work areas with a conference room and entrances on opposite sides of the building.
Property Size3,812 SF
Lot Size0.16 Acres
Days on Market2
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Property Features for 108 4TH S
General Information
Standard status
Pending
Size
3,812 SF
Lot size
0.16 Acres
Property subtype
Commercial
Additional Details
Public Transit
No
Taxes and HOA fees
Annual Taxes
$9,202
Building Details
Building Size
3,812 SF
Year Built
1957
Buildings
1
Listing Agency:
Keller Williams Tampa Properties
Listed By:
Alexander Lucke · License #3351552
(727) 410-2896
Source:
Elliman
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:46AM
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 Properties
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 in downtown Safety Harbor. Its current arrangement includes a reception and waiting area, 10 private offices, a conference room, three restrooms, and a kitchen. Entrances on the east and west sides support separate access and flexible circulation. The property is in Flood Zone X.
The building is just off Main Street and close to downtown restaurants, boutiques, breweries, waterfront parks, and community amenities. The monthly Third Friday Street Festival is also held nearby, bringing music, art, and food to the area.
The building is just off Main Street and close to downtown restaurants, boutiques, breweries, waterfront parks, and community amenities. The monthly Third Friday Street Festival is also held nearby, bringing music, art, and food to the area.
Key Highlights
- 3,812‑square‑foot building on approximately 0.16 acres
- Built in 1957; located in Flood Zone X
- Medical office layout with reception, waiting area, 10 private offices, and conference room
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
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
993
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
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 - A downtown professional layout pairs multiple work areas with a conference room and entrances on opposite sides of the building.
Where is this medical office space located?
The property is located at 108 4TH 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; Built in 1957; located in Flood Zone X; Medical office layout with reception, waiting area, 10 private offices, and conference room
