Medical Office with Exam
For Sale
$644,905
1152 62ND Avenue S, St Petersburg, FL 33705
Commercial Sale, ST PETERSBURG, FL
Property Size2,528 SF
Lot Size0.23 Acres
Price / SF$255.10
Days on Market36
Property Features for 1152 62ND Avenue S
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
RRRRRO
Subdivision
KORTSCHS WEDGEWOOD PARK TR A PT REP
Directions
From Greater Pinellas Point head East for 0.3 Miles and you should reach your destination the right side of the street.
Standard status
Active
APN
12-32-16-47070-000-0070
Size
2,528 SF
Lot size
0.23 Acres
Additional Details
Property Use
Medical Office
Condition
Built-Out
Taxes and HOA fees
Tax Year
2025
Tax Description
KORTSCH'S WEDGEWOOD PARK TRACT 'A' PARTIAL REPLAT LOT 7 AND W 15FT OF LOT 6
Tax Annual Amount
5290
Legal Description
KORTSCH'S WEDGEWOOD PARK TRACT 'A' PARTIAL REPLAT LOT 7 AND W 15FT OF LOT 6
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Building Details
Year built
1979
Floors in Building
1
Number of units
4
Flooring type
Tile - Ceramic
Building materials
Block, Brick
Roof type
Shingle
Buildings
1
Listing Agency:
CENTURY 21 J.W.MORTON R.E. · Century 21 Real Estate
(352) 726-6668
Listed By:
Elias Kirallah · License #BK3123414
(352) 400-2635
Added: Oct 1
Changed: Nov 5
Last Checked: Nov 5 at 9:06PM
MLS# OM733297
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1979, this 2,528-square-foot medical office occupies approximately 0.23 acres and is constructed of block and stucco. Its existing clinical plan includes 9 exam rooms, 1 lab room, a staff break room, and 3 restrooms. Three exterior entrances allow access to the building, which has 12 on-site parking spaces. The roof was replaced in 2016; the property is in Flood Zone X and is zoned RRRRRO.
The site has approximately 90 feet of frontage on 62nd Avenue South, where localized traffic counts are approximately 6,800 AADT. Interstate 275 can be reached from 54th Avenue South, approximately eight blocks north. Within a 15-minute drive, the trade area includes approximately 149,792 residents, with nearly 25% age 65 or older. Annual healthcare expenditures in that area total approximately $555.6 million, including approximately $91.3 million in Medicare payments and $38.1 million in dental expenditures.
The site has approximately 90 feet of frontage on 62nd Avenue South, where localized traffic counts are approximately 6,800 AADT. Interstate 275 can be reached from 54th Avenue South, approximately eight blocks north. Within a 15-minute drive, the trade area includes approximately 149,792 residents, with nearly 25% age 65 or older. Annual healthcare expenditures in that area total approximately $555.6 million, including approximately $91.3 million in Medicare payments and $38.1 million in dental expenditures.
Key Highlights
- 2,528‑square‑foot medical office on approximately 0.23 acres
- Clinical layout with 9 exam rooms, 1 lab room, a staff break room, and 3 restrooms
- 12 on‑site parking spaces and 3 exterior entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,251
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$785,020
$785.0K
Cap Rate 7%
$560,729
$560.7K
Cap Rate 9%
$436,122
$436.1K
Market Conditions
NOI Build-Up for 2,528 SF
Gross rent
$65.8K $26.04/SF
− Vacancy
−$13.5K −$5.34/SF
EGI
$52.3K $20.70/SF
− OpEx
−$13.1K −$5.18/SF
NOI
$39.3K $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%
$785,020
Cap Rate 7%
$560,729
Cap Rate 9%
$436,122
Alternative Uses
Best Use
Office B
$560.7K
$490.6K – $654.2K
NOI $39,251 @ 7.0% cap · market cap 6.09%
Second Best
Healthcare Medical
$333.1K
$291.5K – $388.6K
NOI $23,316 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$657.6K
$575.4K – $767.2K
NOI $46,029 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33705, FL
27,915
Population
15,171
Households
1.8
Avg Household Size
43
Median Age
36%
College-Educated
92%
High-School Grad
5.6 sq mi
ZIP Area
4,985
Density / Sq Mi
$70,783
Median Household Income
$40,370
Median Earnings
$1,457
Median Rent
$321,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - A dedicated lab, staff break room, and three exterior entrances complement the clinical layout.
Where is this medical office space located?
The property is located at 1152 62ND Avenue S St Petersburg, FL.
What is the asking price?
The asking price for this property is $644,905.
What are key features of this property?
This property features: 2,528‑square‑foot medical office on approximately 0.23 acres; Clinical layout with 9 exam rooms, 1 lab room, a staff break room, and 3 restrooms; 12 on‑site parking spaces and 3 exterior entrances
