Freestanding Medical Office
For Sale
$1,495,000
2555 PINELLAS POINT DRIVE S, St Petersburg, FL 33706
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 Market109
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
Additional Details
Highway Access
Yes
Building Details
Year Built
2006
Stories
1
Listing Agency:
BULLARD REALTY
(727) 576-6424
Listed By:
Fred Bullard III · License #3034999
(727) 410-2908
Source:
Dennisrealty
Added: Jul 4
Changed: Oct 19
Last Checked: Oct 19 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 BULLARD REALTY
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,284
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$925,680
$925.7K
Cap Rate 7%
$661,200
$661.2K
Cap Rate 9%
$514,267
$514.3K
Market Conditions
NOI Build-Up for 2,981 SF
Gross rent
$77.6K $26.04/SF
− Vacancy
−$15.9K −$5.34/SF
EGI
$61.7K $20.70/SF
− OpEx
−$15.4K −$5.18/SF
NOI
$46.3K $15.53/SF
Area
Pinellas County, FL
Vacancy
20.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$925,680
Cap Rate 7%
$661,200
Cap Rate 9%
$514,267
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 authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
338
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33706, FL
15,309
Population
14,199
Households
1.1
Avg Household Size
60
Median Age
54%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
4,138
Density / Sq Mi
$97,364
Median Household Income
$80,504
Median Earnings
$1,646
Median Rent
$616,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Central Animal Hospital On Pinellas Point — 2555 Pinellas Point Dr S, St. Petersburg, FL 33712
Frequently Asked Questions
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
