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    Fully Leased Medical Office Building Title is generated by Realmo AI

    8588 Starkey Road SEMINOLE, Seminole, FL 33777

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    Claim this Listing
    New
    For Sale
    $2,200,000

    Multi-tenant medical office building currently leased to established healthcare and services users in South Pinellas.

    Property size:
    7,664 SF
    Price / SF:
    $287/SF
    Added:
    Jul 7, 2026
    Days on Market:
    2
    Last Refresh:
    Jul 7 at 4:26 am

    Property Features for 8588 Starkey Road SEMINOLE

    General Information

    Standard status
    Active
    Size
    7,664 SF

    Building Details

    Year Built
    1987

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    Crystal Barling

    Listing office

    Listing date Jul 7, 2026

    Source Movetojacksonville

    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 Crystal Barling

    HighLights

    • Fully leased medical office investment with multiple established tenants listed in the remarks
    • Single‑building office property with 7,664 total building area and slab foundation
    • Year built: 1987
    • 0.73‑acre lot (31,694 SF) with asphalt road frontage on a city street
    • Air conditioning is available (Air Conditioning Y/N: true)
    • No waterfront

    Overview

    This fully leased medical office investment offers multiple tenants in a dedicated office building setting. Current occupants include LabCorp, Orthodontist Specialist of Florida, Life Adventures Counseling, and We Buy Houses. The property is presented as income-producing while tenants remain in place, with leases in effect at the time of sale.

    Located in the center of South Pinellas at 8588 Starkey Road in Seminole, the property is described as just a few blocks from Park Blvd. The site is positioned between US Hwy 19 and the beaches, with easy access described for customers and professionals throughout South Pinellas.

    For practitioners and buyers seeking an operational medical office environment, the building’s current tenant mix provides a ready-made platform while leases continue. The presence of established providers and a counseling business can support tenants looking for compatibility with a healthcare-oriented office atmosphere, while buyers can also evaluate occupancy changes as leases expire.

    Local 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 $199.6k $26.04
    − Vacancy −$40.9k −$5.34
    EGI $158.7k $20.70
    − OpEx −$39.7k −$5.18
    NOI $119.0k $15.53
    7,664 SF · lease $26.04/SF/yr · vacancy 20.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.70M
    $1.49M – $1.98M (±1% cap)
    NOI $118,994 @ 7.0% cap · market cap 5.41%
    Second Best
    Healthcare Medical
    $1.01M
    $883.6K – $1.18M (±1% cap)
    NOI $70,687 @ 7.0% cap · market cap 3.21%
    Theoretical Best
    Office A
    $1.99M
    $1.74M – $2.33M (±1% cap)
    NOI $139,543 @ 7.0% cap · market cap 6.34%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Law Firm Dental Office Real Estate Agency Electrical Service Building Supply Restaurant HVAC Service Kitchen & Bath Showroom Computer & Electronic Repair Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seminole
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7628605
    Latitude
    27.8500012

    FAQs

    What type of property is this?
    Medical Office Space - Multi-tenant medical office building currently leased to established healthcare and services users in South Pinellas.
    Where is this medical office space located?
    The property is located at 8588 Starkey Road SEMINOLE Seminole, FL.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: Fully leased medical office investment with multiple established tenants listed in the remarks; Single‑building office property with 7,664 total building area and slab foundation; Year built: 1987
    More about this property
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