Turn-Key Medical
For Sale
$625,000
13045 SUMMERFIELD SQUARE Drive, Riverview, FL 33578
Commercial Sale, RIVERVIEW, FL
Property Size2,000 SF
Lot Size0.00 Acres
Price / SF$312.50
Days on Market73
Property Features for 13045 SUMMERFIELD SQUARE Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
PD
Security features
Security System
Subdivision
SUMMERFIELD SQUARE PROFESSIONAL OFFICE 01 A CONDO
Lot features
Street Lights, Paved
Directions
From I-75 Exit 246, 1.5 miles east to US 301 & Big Bend Road. Final directions provided with confirmed appointment.
Standard status
Active
APN
U-07-31-20-9DT-000000-0006A.0
Size
2,000 SF
Lot size
0.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SUMMERFIELD SQUARE PROFESSIONAL OFFICE I A CONDO UNIT 6A AND AN UNDIV INT IN COMMON ELEMENTS
Tax Annual Amount
8190
Legal Description
SUMMERFIELD SQUARE PROFESSIONAL OFFICE I A CONDO UNIT 6A AND AN UNDIV INT IN COMMON ELEMENTS
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Building Details
Year built
2008
Flooring type
Tile - Ceramic, Hardwood
Building materials
Block
Roof type
Tile
Listing Agency:
DALTON WADE INC
(888) 668-8283
Listed By:
Lessie Reyes · License #3157074
(813) 298-5541
Added: Jun 25
Changed: Sep 4
Last Checked: Sep 5 at 11:06PM
MLS# TB8513474
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,000-square-foot medical office, built in 2008, is arranged for clinical and administrative operations. The layout includes a reception and waiting area exceeding 300 square feet, four exam rooms with sinks, a patient-preparation area, rehabilitation room with adjoining storage, two private offices, a conference room, and two restrooms. Additional support space includes a medical preparation and storage room with dual sinks, storage closets, and a staff kitchenette with refrigerator and sink.
The suite features block construction, hardwood and ceramic tile flooring, central heating, central air conditioning, a tile roof, public sewer, and phone availability. Seller-owned furnishings, fixtures, and clinical equipment present at the initial showing are included in the sale. The property is located within a business park near Saint Joseph's Hospital-South, the US 301/Big Bend Road retail corridor, and I-75, with professional landscaping, exterior lighting, and ample parking.
The suite features block construction, hardwood and ceramic tile flooring, central heating, central air conditioning, a tile roof, public sewer, and phone availability. Seller-owned furnishings, fixtures, and clinical equipment present at the initial showing are included in the sale. The property is located within a business park near Saint Joseph's Hospital-South, the US 301/Big Bend Road retail corridor, and I-75, with professional landscaping, exterior lighting, and ample parking.
Key Highlights
- 2,000‑square‑foot medical office built in 2008
- Four exam rooms with sinks and dedicated patient‑preparation area
- Reception and waiting area exceeding 300 square feet
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
Lease Details
1
Office units
Single-tenant
Tenancy
Yes
Highway access
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.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Professionally configured suite with exam rooms, clinical support areas, private offices, and ample parking.
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: 2,000‑square‑foot medical office built in 2008; Four exam rooms with sinks and dedicated patient‑preparation area; Reception and waiting area exceeding 300 square feet
