Fully Leased Medical Office
For Sale
Contact for pricing
8588 Starkey Rd, Seminole, FL 33777
Fully leased medical office building with stable tenants including LabCorp and an orthodontist specialist practice.
Property Size7,760 SF
Price / SF$283.51
Days on Market541
Property Features for 8588 Starkey Rd
General Information
Standard status
Active
Size
7,760 SF
Property subtype
OFFICE
Occupancy
100%
Building Details
Tenancy
Multi
Listing Agency:
VIP Executive Realty LLC
(727) 365-5402
Listed By:
Michelle Bible · License #SL3162316
Source:
Moodyscre
Added: Feb 6, 2025
Changed: Jul 30
Last Checked: Jul 30 at 6:22PM
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 VIP Executive Realty LLC
Investment Insights
Based on property information with market context.
Fully leased medical office investment totaling 7,760 SF at 8588 Starkey Rd in Seminole, FL. The tenant roster includes LabCorp, Orthodontist Specialist of Florida, Life Adventures Counseling, and We Buy Houses.
Positioned in the center of South Pinellas, the property is just a few blocks from Park Blvd. It is also centered between US Hwy 19 and the beaches, offering convenient access throughout South Pinellas.
The building’s current occupancy provides an income-focused setup for buyers seeking a medical office asset supported by multiple established tenants.
Positioned in the center of South Pinellas, the property is just a few blocks from Park Blvd. It is also centered between US Hwy 19 and the beaches, offering convenient access throughout South Pinellas.
The building’s current occupancy provides an income-focused setup for buyers seeking a medical office asset supported by multiple established tenants.
Key Highlights
- 7,760 SF fully leased medical office building
- Tenant mix includes LabCorp, Orthodontist Specialist of Florida, and Life Adventures Counseling
- Also includes We Buy Houses as an additional stable tenant
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 | $202.1k | $26.04 |
| − Vacancy | −$41.4k | −$5.34 |
| EGI | $160.6k | $20.70 |
| − OpEx | −$40.2k | −$5.18 |
| NOI | $120.5k | $15.53 |
7,760 SF · lease $26.04/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.72M
$1.51M – $2.01M
NOI $120,484 @ 7.0% cap · market cap 5.48%
Second Best
Healthcare Medical
$1.02M
$894.7K – $1.19M
NOI $71,572 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$2.02M
$1.77M – $2.35M
NOI $141,291 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
215
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33777, FL
17,793
Population
8,375
Households
2.1
Avg Household Size
48
Median Age
38%
College-Educated
95%
High-School Grad
5.5 sq mi
ZIP Area
3,235
Density / Sq Mi
$88,680
Median Household Income
$44,959
Median Earnings
$1,682
Median Rent
$298,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully leased medical office building with stable tenants including LabCorp and an orthodontist specialist practice.
Where is this medical office space located?
The property is located at 8588 Starkey Rd 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: 7,760 SF fully leased medical office building; Tenant mix includes LabCorp, Orthodontist Specialist of Florida, and Life Adventures Counseling; Also includes We Buy Houses as an additional stable tenant
