Two-Suite Medical Office
For Sale
$925,000
19439 Shumard Oak Dr, Land O Lakes, FL 34638
Two separate office suites with existing medical buildout and plumbing offer flexibility for professional or medical users.
Property Size3,000 SF
Price / SF$308.33
Days on Market140
Property Features for 19439 Shumard Oak Dr
General Information
Standard status
Active
Size
3,000 SF
Class
C
Property subtype
Office - Medical Office
Additional Details
Office Units
2
Building Details
Building Size
3,000 SF
Year Built
2008
Units
170
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeServices Florida Properties Group
Listed By:
Kristy C. Marcelle · License #SL3267955
Source:
Commercialcafe
Added: Jun 4
Changed: Oct 21
Last Checked: Oct 20 at 5:47PM
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
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Investment Insights
Based on property information with market context.
This two-suite professional/medical office building totals approximately 3,000 square feet and is divided into two approximately 1,500 SF suites, creating a practical setup for either an owner-user or a buyer seeking to occupy one suite and lease the other. Suite 101 includes a medical office buildout with plumbing, counters, sinks, and a consultation-room layout. Suite 102 is designed for general professional office use and includes plumbing in the walls, offering potential future flexibility for qualifying uses subject to buyer verification and applicable requirements.
The property is located near the SR 54 corridor in Land O’ Lakes, Florida, where it benefits from convenient access and an established mix of nearby residential growth supporting demand for professional and medical office space.
For tenants, this layout can support a range of office-based operations, including medical, wellness, therapy, and other professional services such as legal, accounting, insurance, mortgage, real estate, and administrative uses. For buyers, the two-suite configuration provides straightforward options to customize occupancy, including keeping the medical-ready suite in place while tailoring the second suite to the needs of a specific professional user, subject to required approvals and verification.
The property is located near the SR 54 corridor in Land O’ Lakes, Florida, where it benefits from convenient access and an established mix of nearby residential growth supporting demand for professional and medical office space.
For tenants, this layout can support a range of office-based operations, including medical, wellness, therapy, and other professional services such as legal, accounting, insurance, mortgage, real estate, and administrative uses. For buyers, the two-suite configuration provides straightforward options to customize occupancy, including keeping the medical-ready suite in place while tailoring the second suite to the needs of a specific professional user, subject to required approvals and verification.
Key Highlights
- Two‑suite professional/medical office building built in 2008
- Approximately 3,000 SF total, split into two approximately 1,500 SF suites
- Suite 101 includes medical office buildout with plumbing, counters, sinks, and consultation‑room layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,670
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,400
$553.4K
Cap Rate 7%
$395,286
$395.3K
Cap Rate 9%
$307,444
$307.4K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$50.4K $16.80/SF
− Vacancy
−$4.3K −$1.43/SF
EGI
$46.1K $15.37/SF
− OpEx
−$18.4K −$6.15/SF
NOI
$27.7K $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 Rate 5%
$553,400
Cap Rate 7%
$395,286
Cap Rate 9%
$307,444
Alternative Uses
Best Use
Healthcare Medical
$395.3K
$345.9K – $461.2K
NOI $27,670 @ 7.0% cap · market cap 2.99%
Second Best
Office B
$289.2K
$253.1K – $337.4K
NOI $20,245 @ 7.0% cap · market cap 2.19%
Theoretical Best
Office A
$683.4K
$598.0K – $797.3K
NOI $47,837 @ 7.0% cap · market cap 5.17%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
357
Businesses Nearby
Explore this area
Business Placement
Demographics for 34638, FL
31,746
Population
12,016
Households
2.6
Avg Household Size
37
Median Age
42%
College-Educated
95%
High-School Grad
46.3 sq mi
ZIP Area
686
Density / Sq Mi
$117,931
Median Household Income
$51,941
Median Earnings
$2,204
Median Rent
$378,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Two separate office suites with existing medical buildout and plumbing offer flexibility for professional or medical users.
Where is this office unit located?
The property is located at 19439 Shumard Oak Dr Land O Lakes, FL.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Two‑suite professional/medical office building built in 2008; Approximately 3,000 SF total, split into two approximately 1,500 SF suites; Suite 101 includes medical office buildout with plumbing, counters, sinks, and consultation‑room layout
