Medical Office Near Tampa
For Sale
Contact for pricing
13801 Bruce B Downs Blvd, Tampa, FL
Located in the heart of Tampa's medical community.
Property Size1,200 SF
Lot Size4.37 Acres
Price / SF$249.17
Days on Market273
Property Features for 13801 Bruce B Downs Blvd
General Information
Standard status
Active
Size
1,200 SF
Lot size
4.37 Acres
Property subtype
OFFICE
Listing Agency:
Bay Street Commercial
(813) 625-2375
Listed By:
Michael Braccia, P.A. · License #SL3033512
(813) 625-2375
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Aug 8
Last Checked: Aug 8 at 5:09AM
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 Bay Street Commercial
Investment Insights
Based on property information with market context.
This 1,200-square-foot property is located next to hospitals, approximately 150 yards from Advent Health Hospital and Women’s Health. Situated in the heart of the Tampa medical community, it is positioned as a highly desired space for health professionals. The location provides convenient travel to Pinellas, Hillsborough, and Pasco counties, as well as Tampa International Airport. The property is one block from Bruce B Downs/Fletcher and near Advent Health Hospital/Pepin Heart, Women’s Health, James A. Haley Veterans’ Hospital, Moffitt Cancer Center, and the USF campus.
Key Highlights
- Prime location next to Advent Health Hospital and Women’s Health in the heart of Tampa's medical community.
- Highly desirable space for health professionals.
- Convenient access to numerous medical facilities including Pepin Heart, James A. Haley Veterans’ Hospital, and Moffitt Cancer Center.
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
$17,487
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
5.85%
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%
$349,740
$349.7K
Cap Rate 7%
$249,814
$249.8K
Cap Rate 9%
$194,300
$194.3K
Market Conditions
NOI Build-Up for 1,200 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
$31.7K $26.40/SF
− Vacancy
−$2.5K −$2.11/SF
EGI
$29.1K $24.29/SF
− OpEx
−$11.7K −$9.72/SF
NOI
$17.5K $14.57/SF
Area
Tampa, FL
Vacancy
8.00%
Lease Rate
$26.40 /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%
$349,740
Cap Rate 7%
$249,814
Cap Rate 9%
$194,300
Alternative Uses
Best Use
Healthcare Medical
$249.8K
$218.6K – $291.5K
NOI $17,487 @ 7.0% cap · market cap 5.85%
Second Best
Office B
$233.0K
$203.9K – $271.8K
NOI $16,308 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$279.6K
$244.6K – $326.2K
NOI $19,570 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,746
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Tampa, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Located in the heart of Tampa's medical community.
Where is this medical office space located?
The property is located at 13801 Bruce B Downs Blvd Tampa, FL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Prime location next to Advent Health Hospital and Women’s Health in the heart of Tampa's medical community.; Highly desirable space for health professionals.; Convenient access to numerous medical facilities including Pepin Heart, James A. Haley Veterans’ Hospital, and Moffitt Cancer Center.
