Freestanding Medical Office
For Sale
Contact for pricing
14522 University Point Pl, Tampa, FL 33613
Outpatient-oriented layout includes wet exam rooms, therapy space, and a lead-lined X-ray room.
Property Size4,404 SF
Price / SF$384.88
Days on Market202
Property Features for 14522 University Point Pl
General Information
Standard status
Active
Size
4,404 SF
Property subtype
Office
Zoning
Commercial
Lease Type
NNN
Investment Type
Value Add
Additional Details
Highway Access
Yes
Amenities
wet exam rooms
massage rooms
lead-lined X-ray room
restrooms with showers
therapy and rehabilitation area
workout space
private offices
reception and waiting area
Building Details
Buildings
1
Stories
1
Units
1
Building Size
4,404 SF
Parking Ratio
5 per 1,000 SF
Listing Agency:
Wisdom Capital Group
Listed By:
Brady Wisdom · License #SL3588056
Source:
Crexi
Added: Feb 9
Changed: Aug 30
Last Checked: Aug 30 at 5:04AM
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 Wisdom Capital Group
Investment Insights
Based on property information with market context.
This freestanding medical office building contains 4,404 SF of purpose-built medical improvements. The interior provides six wet exam rooms, two massage rooms, a lead-lined X-ray room, multiple restrooms, and two restrooms equipped with showers. A large therapy and rehabilitation area is complemented by workout space, three private offices, and a reception and waiting area.
The property is positioned in North Tampa’s USF medical corridor with immediate access to I-275. A 5:1 parking ratio supports the building’s medical and outpatient configuration. The existing build-out offers a range of treatment, rehabilitation, administrative, and patient-facing spaces within one facility.
The property is positioned in North Tampa’s USF medical corridor with immediate access to I-275. A 5:1 parking ratio supports the building’s medical and outpatient configuration. The existing build-out offers a range of treatment, rehabilitation, administrative, and patient-facing spaces within one facility.
Key Highlights
- 4,404 SF freestanding medical office building
- Six wet exam rooms and two massage rooms
- Lead‑lined X‑ray room and multiple restrooms, including two with showers
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
$64,179
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
3.79%
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%
$1,283,580
$1.3M
Cap Rate 7%
$916,843
$916.8K
Cap Rate 9%
$713,100
$713.1K
Market Conditions
NOI Build-Up for 4,404 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
$116.3K $26.40/SF
− Vacancy
−$9.3K −$2.11/SF
EGI
$107.0K $24.29/SF
− OpEx
−$42.8K −$9.72/SF
NOI
$64.2K $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%
$1,283,580
Cap Rate 7%
$916,843
Cap Rate 9%
$713,100
Alternative Uses
Best Use
Healthcare Medical
$916.8K
$802.2K – $1.07M
NOI $64,179 @ 7.0% cap · market cap 3.79%
Second Best
Office B
$855.0K
$748.1K – $997.5K
NOI $59,850 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$1.03M
$897.8K – $1.20M
NOI $71,820 @ 7.0% cap · market cap 4.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,578
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33613, FL
38,801
Population
17,686
Households
2.2
Avg Household Size
30
Median Age
29%
College-Educated
84%
High-School Grad
7.4 sq mi
ZIP Area
5,243
Density / Sq Mi
$44,642
Median Household Income
$30,911
Median Earnings
$1,178
Median Rent
$219,700
Median Home Value
Market
Vacancy Rate% for Office in Tampa, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Outpatient-oriented layout includes wet exam rooms, therapy space, and a lead-lined X-ray room.
Where is this medical office space located?
The property is located at 14522 University Point Pl Tampa, FL.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: 4,404 SF freestanding medical office building; Six wet exam rooms and two massage rooms; Lead‑lined X‑ray room and multiple restrooms, including two with showers
