Freestanding Medical Office
2555 PINELLAS POINT DRIVE S St Petersburg, FL 33706
2555 PINELLAS POINT DRIVE S, St Petersburg, FL, 33706
$1,495,000
For Sale
$1,495,000
One-story masonry building configured as a veterinary medical office with reception, exam rooms, and ample parking.
Property Size2,981 SF
Lot Size1.11 Acres
Price / SF$501.51
Days on Market18
Property Features for 2555 PINELLAS POINT DRIVE S
General Information
- Standard status
- Active
- Size
- 2,981 SF
- Lot size
- 1.11 Acres
- Property subtype
- Medical Office
Building Details
- Year Built
- 2006
Listing Agency
BULLARD REALTY
(727) 576-6424
Listed by
Fred Bullard III · License #3034999
Source
Dennisrealty
Added: Jul 4 Updated: Jul 20 at 5:32 pm Checked: Jul 20 at 5:32 pm
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 BULLARD REALTY
Investment Insights
Based on property information with market context.
Located in the Pinellas Point area of St. Petersburg, this well-maintained freestanding, one-story masonry building is currently configured as a veterinary medical office. Originally constructed in 2006, the property offers an efficient layout with reception and waiting areas, multiple exam and treatment rooms, offices, restrooms, and support areas. The existing veterinary improvements are designed to support animal care use while also offering conversion potential for other medical, dental, specialty healthcare, or professional office uses subject to applicable approvals.
Set on an oversized 1.11± acre site, the building provides excellent visibility, ample parking, and easy access to Interstate 275, Downtown St. Petersburg, and the Skyway Bridge.
The property is located in Flood Zone X according to available public records. It is offered for sale and may also be available for lease, providing flexibility for owner-users and investors.
Set on an oversized 1.11± acre site, the building provides excellent visibility, ample parking, and easy access to Interstate 275, Downtown St. Petersburg, and the Skyway Bridge.
The property is located in Flood Zone X according to available public records. It is offered for sale and may also be available for lease, providing flexibility for owner-users and investors.
Key Highlights
- Freestanding one‑story masonry commercial building built in 2006, currently configured as a veterinary medical office
- Approximately 3,196± SF with a reception and waiting area plus multiple exam and treatment rooms
- Includes offices, restrooms, and support areas within an efficient medical office layout
Local 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 | $77.6k | $26.04 |
| − Vacancy | −$15.9k | −$5.34 |
| EGI | $61.7k | $20.70 |
| − OpEx | −$15.4k | −$5.18 |
| NOI | $46.3k | $15.53 |
2,981 SF · lease $26.04/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$661.2K
$578.6K – $771.4K
NOI $46,284 @ 7.0% cap · market cap 3.10%
Second Best
Healthcare Medical
$392.8K
$343.7K – $458.2K
NOI $27,494 @ 7.0% cap · market cap 1.84%
Theoretical Best
Office A
$775.4K
$678.5K – $904.6K
NOI $54,277 @ 7.0% cap · market cap 3.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Central Animal Hospital ...
Veterinary Clinic
Similar For Sale Nearby
Similar Off Market Nearby
- Central Animal Hospital On Pinellas Point — 2555 Pinellas Point Dr S, St. Petersburg, FL 33712
FAQs
What type of property is this?
Medical Office Space - One-story masonry building configured as a veterinary medical office with reception, exam rooms, and ample parking.
Where is this medical office space located?
The property is located at 2555 PINELLAS POINT DRIVE S St Petersburg, FL.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Freestanding one‑story masonry commercial building built in 2006, currently configured as a veterinary medical office; Approximately 3,196± SF with a reception and waiting area plus multiple exam and treatment rooms; Includes offices, restrooms, and support areas within an efficient medical office layout
