Two-Story Medical Office
1254 S PINELLAS AVE, Tarpon Springs, FL 34689
For Sale
Contact for pricing
Renovated masonry facility includes elevator service and a dedicated parking field.
Property Size6,254 SF
Lot Size0.18 Acres
Price / SF$279.82
Days on Market26
Property Features for 1254 S PINELLAS AVE
General Information
Standard status
Size
Elevators
Lot size
Property subtype
Additional Details
Condition
Road Access
Property Use
Building Details
Buildings
Stories
Construction
Tenancy
Listing Agency:
Brokers International Real Estate
Listed By:
Peter Katsarelis · License #BK3463486
(813) 992-7653
Source:
Crexi
Added: Oct 15
Changed: Nov 8
Last Checked: Nov 8 at 4:43PM
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 Brokers International Real Estate
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.
This two-level medical office building contains 6,254 square feet on a 0.18-acre parcel. Masonry construction, recent renovation, elevator service and a dedicated parking area are among its physical features. The property is suited to medical office use.
Frontage is along South Pinellas Avenue, where traffic is reported at approximately 16,200 vehicles per day. Klosterman Road and MLK Jr. Drive are nearby. Tampa International Airport and St. Pete-Clearwater International Airport are each about 40 minutes away.
Frontage is along South Pinellas Avenue, where traffic is reported at approximately 16,200 vehicles per day. Klosterman Road and MLK Jr. Drive are nearby. Tampa International Airport and St. Pete-Clearwater International Airport are each about 40 minutes away.
Key Highlights
- 6,254‑square‑foot medical office building on a 0.18‑acre lot
- Two‑story masonry construction
- Recently renovated, with elevator service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,102
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,942,040
$1.9M
Cap Rate 7%
$1,387,171
$1.4M
Cap Rate 9%
$1,078,911
$1.1M
Market Conditions
NOI Build-Up for 6,254 SF
Gross rent
$162.9K $26.04/SF
− Vacancy
−$33.4K −$5.34/SF
EGI
$129.5K $20.70/SF
− OpEx
−$32.4K −$5.18/SF
NOI
$97.1K $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%
$1,942,040
Cap Rate 7%
$1,387,171
Cap Rate 9%
$1,078,911
Alternative Uses
Best Use
Office B
$1.39M
$1.21M – $1.62M
NOI $97,102 @ 7.0% cap · market cap 5.55%
Second Best
Healthcare Medical
$1.34M
$1.17M – $1.57M
NOI $93,901 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$1.63M
$1.42M – $1.90M
NOI $113,870 @ 7.0% cap · market cap 6.51%
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
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
639
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34689, FL
27,436
Population
14,193
Households
1.9
Avg Household Size
53
Median Age
32%
College-Educated
93%
High-School Grad
10.6 sq mi
ZIP Area
2,588
Density / Sq Mi
$66,523
Median Household Income
$45,294
Median Earnings
$1,207
Median Rent
$311,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Medical Office Space in Pinellas County, FL
Properties on Market for Medical Office Space in Pinellas County
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Anclote Animal Hospital — 1840 S Pinellas Ave, Tarpon Springs, FL 34689
Frequently Asked Questions
What type of property is this?
Medical Office Space - Renovated masonry facility includes elevator service and a dedicated parking field.
Where is this medical office space located?
The property is located at 1254 S PINELLAS AVE Tarpon Springs, FL.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 6,254‑square‑foot medical office building on a 0.18‑acre lot; Two‑story masonry construction; Recently renovated, with elevator service
