Medical Office Condo For
For Sale
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14100 Fivay Rd Suite 110, Hudson, FL 34667
Medical office condo located on HCA Florida Bayonet campus.
Property Size1,473 SF
Price / SF$176.51
Days on Market187
Property Features for 14100 Fivay Rd Suite 110
General Information
Standard status
Active
Size
1,473 SF
Class
B
Property subtype
Office
Listing Agency:
Berkshire Hathaway HomeServices Florida Properties Group
Listed By:
Drew Gilmore · License #SL3608699
Source:
Crexi
Added: Feb 23
Changed: Aug 21
Last Checked: Aug 21 at 11:15AM
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 Berkshire Hathaway HomeServices Florida Properties Group
Investment Insights
Based on property information with market context.
This 1,473± SF medical office condo is located on the HCA Florida Bayonet Point Hospital campus. The suite features a reception area, a waiting room, four exam rooms, a private physician’s office, a break room, dedicated storage, and two restrooms. It is located within a medical corridor, offering referral potential and access to hospital services and specialists. It is suited for medical practitioners, specialists, or healthcare investors. The layout is move-in ready. Units may only be used as professional office space by physicians within the HCA Florida Network or third-party services that provide medical support. The property is strategically located along Fivay Road in Hudson, offering accessibility and visibility within a growing Pasco County corridor. It is minutes from US Highway 19, providing connectivity to residential neighborhoods, retail centers, medical offices, and commercial hubs. The area is experiencing residential growth and consumer demand.
Key Highlights
- Located on HCA Florida Bayonet Point Hospital campus, offering built‑in referral potential and easy access to hospital services.
- Move‑in ready, efficient layout with reception area, waiting room, four exam rooms, private physician’s office, break room, storage, and two restrooms.
- 1,473± SF medical office condo ideal for medical practitioners, specialists, or healthcare investors.
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
$13,586
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
5.23%
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%
$271,720
$271.7K
Cap Rate 7%
$194,086
$194.1K
Cap Rate 9%
$150,956
$151.0K
Market Conditions
NOI Build-Up for 1,473 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
$24.7K $16.80/SF
− Vacancy
−$2.1K −$1.43/SF
EGI
$22.6K $15.37/SF
− OpEx
−$9.1K −$6.15/SF
NOI
$13.6K $9.22/SF
Area
Pasco County, FL
Vacancy
8.50%
Lease Rate
$16.80 /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%
$271,720
Cap Rate 7%
$194,086
Cap Rate 9%
$150,956
Alternative Uses
Best Use
Healthcare Medical
$194.1K
$169.8K – $226.4K
NOI $13,586 @ 7.0% cap · market cap 5.23%
Second Best
Office B
$142.0K
$124.3K – $165.7K
NOI $9,940 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$335.5K
$293.6K – $391.5K
NOI $23,488 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
865
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34667, FL
34,910
Population
19,651
Households
1.8
Avg Household Size
58
Median Age
18%
College-Educated
90%
High-School Grad
30.5 sq mi
ZIP Area
1,145
Density / Sq Mi
$51,106
Median Household Income
$40,828
Median Earnings
$1,189
Median Rent
$214,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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- Breen James — Hudson, FL 34667
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office condo located on HCA Florida Bayonet campus.
Where is this medical office space located?
The property is located at 14100 Fivay Rd Suite 110 Hudson, FL.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Located on HCA Florida Bayonet Point Hospital campus, offering built‑in referral potential and easy access to hospital services.; Move‑in ready, efficient layout with reception area, waiting room, four exam rooms, private physician’s office, break room, storage, and two restrooms.; 1,473± SF medical office condo ideal for medical practitioners, specialists, or healthcare investors.
