Turnkey Medical Office in St.
For Sale
$920,000
1152 62ND AVENUE S, St Petersburg, FL 33705
Fully built-out medical office ready for new owners/users.
Property Size2,496 SF
Lot Size0.23 Acres
Price / SF$368.59
Days on Market159
Property Features for 1152 62ND AVENUE S
General Information
Standard status
Active
Size
2,496 SF
Lot size
0.23 Acres
Property subtype
Commercial
Building Details
Year Built
1979
Listing Agency:
CHARLES RUTENBERG REALTY INC
(727) 538-9200
Listed By:
CAROLINE HANNA · License #3177435
Source:
Corcoran
Added: Feb 26
Changed: Jul 6
Last Checked: Aug 3 at 8:46AM
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 CHARLES RUTENBERG REALTY INC
Investment Insights
Based on property information with market context.
This 2496-square-foot property offers an excellent opportunity to own a fully built-out medical office in St. Petersburg, ideally suited for medical, dental, or other healthcare-related practices, and can also be used as executive offices for non-healthcare related businesses. The property features three entry doors, allowing it to be subdivided into up to three different offices or businesses. The interior currently includes eight exam rooms, a dedicated lab room, a comfortable break room, and three restrooms, providing a functional layout designed to support efficient daily operations. The floor plan offers flexibility for a variety of specialties and practice sizes. The exterior provides 12 on-site parking spaces for patients and staff, along with a private pylon sign for strong visibility and prominent street presence. The roof was replaced in 2016, adding long-term value. Strategically located in South St. Petersburg with convenient access to major roadways, this property presents a rare opportunity to acquire a turnkey medical office in a growing market.
Key Highlights
- Turnkey medical office ready for immediate occupancy.
- Ideal for medical, dental, healthcare, or executive offices with flexible floor plan.
- Potential for subdivision into up to 3 separate offices with 3 entry doors.
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 | $65.0k | $26.04 |
| − Vacancy | −$13.3k | −$5.34 |
| EGI | $51.7k | $20.70 |
| − OpEx | −$12.9k | −$5.18 |
| NOI | $38.8k | $15.53 |
2,496 SF · lease $26.04/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$553.6K
$484.4K – $645.9K
NOI $38,754 @ 7.0% cap · market cap 4.21%
Second Best
Healthcare Medical
$328.9K
$287.8K – $383.7K
NOI $23,021 @ 7.0% cap · market cap 2.50%
Theoretical Best
Office A
$649.2K
$568.1K – $757.4K
NOI $45,446 @ 7.0% cap · market cap 4.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
229
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully built-out medical office ready for new owners/users.
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 $920,000.
What are key features of this property?
This property features: Turnkey medical office ready for immediate occupancy.; Ideal for medical, dental, healthcare, or executive offices with flexible floor plan.; Potential for subdivision into up to 3 separate offices with 3 entry doors.
