Turn-Key Medical Office
For Sale
$625,000
13045 SUMMERFIELD SQUARE DRIVE, Riverview, FL 33578
Turn-key 2,000 SF medical office with reception, multiple exam rooms, offices, and rehab space.
Property Size2,000 SF
Price / SF$312.50
Days on Market63
Property Features for 13045 SUMMERFIELD SQUARE DRIVE
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Medical Office
Additional Details
Furnished
Yes
Building Details
Year Built
2008
Listing Agency:
DALTON WADE INC
(888) 668-8283
Listed By:
Lessie Reyes · License #3157074
(813) 298-5541
Source:
Dennisrealty
Added: Jul 7
Changed: Sep 6
Last Checked: Sep 7 at 7:01AM
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 DALTON WADE INC
Investment Insights
Based on property information with market context.
This turn-key medical office is professionally designed and meticulously maintained, offering a complete, move-in-ready healthcare setting. The layout includes a 300+ SF reception and waiting area with a convenient front restroom, plus a centrally located reception center. Clinical and support space features a dedicated patient-preparation area, a rehab room with adjoining storage, four exam rooms with sinks, and a medical prep/storage room with dual sink. Additional amenities include two private offices, a conference room, a second restroom, generous storage closets, and a staff kitchenette/break room with refrigerator and sink. Quality finishes, durable commercial flooring, built-in workstations, and abundant natural light support a polished patient experience.
The office is located in an attractive business park in Riverview, within minutes of St. Joseph's Hospital–South and along the US 301/Big Bend Road retail corridor, with access to I-75 nearby. The property also offers ample parking and professional landscaping with exterior lighting.
Seller-owned furnishings, fixtures, and clinical equipment are included at the time of initial showing.
The office is located in an attractive business park in Riverview, within minutes of St. Joseph's Hospital–South and along the US 301/Big Bend Road retail corridor, with access to I-75 nearby. The property also offers ample parking and professional landscaping with exterior lighting.
Seller-owned furnishings, fixtures, and clinical equipment are included at the time of initial showing.
Key Highlights
- 2008‑built 2,000 SF medical office designed for healthcare and professional office use
- Includes 300+ SF reception and waiting area, plus front restroom and a centrally located reception center
- Clinical layout features patient‑prep area, rehab room with adjoining storage, and four exam rooms with sinks
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,646
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$592,920
$592.9K
Cap Rate 7%
$423,514
$423.5K
Cap Rate 9%
$329,400
$329.4K
Market Conditions
NOI Build-Up for 2,000 SF
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.
Gross rent
$54.0K $27.00/SF
− Vacancy
−$4.6K −$2.30/SF
EGI
$49.4K $24.71/SF
− OpEx
−$19.8K −$9.88/SF
NOI
$29.6K $14.82/SF
Area
Riverview, FL
Vacancy
8.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$592,920
Cap Rate 7%
$423,514
Cap Rate 9%
$329,400
Alternative Uses
Best Use
Healthcare Medical
$423.5K
$370.6K – $494.1K
NOI $29,646 @ 7.0% cap · market cap 4.74%
Second Best
Office B
$423.0K
$370.1K – $493.5K
NOI $29,610 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$623.7K
$545.8K – $727.7K
NOI $43,662 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,053
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33578, FL
58,854
Population
25,850
Households
2.3
Avg Household Size
35
Median Age
37%
College-Educated
94%
High-School Grad
20.4 sq mi
ZIP Area
2,885
Density / Sq Mi
$80,223
Median Household Income
$46,967
Median Earnings
$1,766
Median Rent
$298,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Southbay Animal Hospital — 13330 Lincoln Rd, Riverview, FL 33578
- Beacon Emergency Veterinary Hospital — 13141 US-301, Riverview, FL 33578
Frequently Asked Questions
What type of property is this?
Medical Office Space - Turn-key 2,000 SF medical office with reception, multiple exam rooms, offices, and rehab space.
Where is this medical office space located?
The property is located at 13045 SUMMERFIELD SQUARE DRIVE Riverview, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 2008‑built 2,000 SF medical office designed for healthcare and professional office use; Includes 300+ SF reception and waiting area, plus front restroom and a centrally located reception center; Clinical layout features patient‑prep area, rehab room with adjoining storage, and four exam rooms with sinks
