Medical Office with Six Private
New
For Sale
$599,000
12574 INDIAN ROCKS, Largo, FL 33774
A reception and waiting area complement six private rooms, a restroom, and on-site storage.
Property Size1,526 SF
Lot Size0.23 Acres
Price / SF$392.53
Days on Market2
Property Features for 12574 INDIAN ROCKS
General Information
Standard status
Active
Size
1,526 SF
Lot size
0.23 Acres
Property subtype
Commercial
Zoning
Residential/Office General
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$4,244
Building Details
Building Size
1,526 SF
Year Built
1952
Buildings
1
Construction
block
Listing Agency:
eXp Realty LLC
Listed By:
Tanner Tillung · License #3373651
(727) 479-4548
Source:
Elliman
Added: Oct 16
Last Checked: Oct 16 at 2:18PM
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 eXp Realty LLC
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Investment Insights
Based on property information with market context.
This medical office property contains approximately 1,526 square feet on a 0.23-acre parcel. Its interior includes a reception and waiting area, six private rooms, a restroom, and storage. Block construction dates to 1952, and the site is in Flood Zone X.
The property fronts Indian Rocks Road in Largo, Florida, along a corridor with approximately 12,900 vehicles passing daily. Residential/Office General zoning applies, with alternative uses subject to applicable regulations and approvals. On-site parking is also provided.
The property fronts Indian Rocks Road in Largo, Florida, along a corridor with approximately 12,900 vehicles passing daily. Residential/Office General zoning applies, with alternative uses subject to applicable regulations and approvals. On-site parking is also provided.
Key Highlights
- Approximately 1,526 square feet on a 0.23‑acre parcel
- Six private offices or treatment rooms
- Indian Rocks Road frontage with approximately 12,900 vehicles passing daily
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,693
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,860
$473.9K
Cap Rate 7%
$338,471
$338.5K
Cap Rate 9%
$263,256
$263.3K
Market Conditions
NOI Build-Up for 1,526 SF
Gross rent
$39.7K $26.04/SF
− Vacancy
−$8.1K −$5.34/SF
EGI
$31.6K $20.70/SF
− OpEx
−$7.9K −$5.18/SF
NOI
$23.7K $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%
$473,860
Cap Rate 7%
$338,471
Cap Rate 9%
$263,256
Alternative Uses
Best Use
Office B
$338.5K
$296.2K – $394.9K
NOI $23,693 @ 7.0% cap · market cap 3.96%
Second Best
Healthcare Medical
$201.1K
$175.9K – $234.6K
NOI $14,075 @ 7.0% cap · market cap 2.35%
Theoretical Best
Office A
$396.9K
$347.3K – $463.1K
NOI $27,785 @ 7.0% cap · market cap 4.64%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
624
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33774, FL
18,145
Population
10,388
Households
1.7
Avg Household Size
51
Median Age
28%
College-Educated
93%
High-School Grad
4.6 sq mi
ZIP Area
3,945
Density / Sq Mi
$76,769
Median Household Income
$41,936
Median Earnings
$1,498
Median Rent
$315,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Jourdenais Stephanie DVM — 13902 Walsingham Rd, Largo, FL 33774
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- Hope and Love Veterinary Hospital — 14308 Walsingham Rd, Largo, FL 33774
- Indian Rocks Beach Animal Hospital — 12712 Indian Rocks Rd, Largo, FL 33774
- All Cats Hospital — 2069 Indian Rocks Rd, Largo, FL 33774
Frequently Asked Questions
What type of property is this?
Medical Office Space - A reception and waiting area complement six private rooms, a restroom, and on-site storage.
Where is this medical office space located?
The property is located at 12574 INDIAN ROCKS Largo, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Approximately 1,526 square feet on a 0.23‑acre parcel; Six private offices or treatment rooms; Indian Rocks Road frontage with approximately 12,900 vehicles passing daily
