Palm Harbor Medical Office
For Sale
Contact for pricing
Pending
31581 US Hwy 19 N, Palm Harbor, FL 34684
Move-in ready medical office building on U.S. Highway 19.
Property Size3,692 SF
Days on Market795
Property Features for 31581 US Hwy 19 N
General Information
Standard status
Pending
Size
3,692 SF
Property subtype
Office
Zoning
CP - Commercial Parkway
Investment Type
Owner/User
Building Details
Year Built
1985
Year Renovated
2003
Buildings
1
Stories
1
Listing Agency:
The Boardwalk Company
Listed By:
John Quattrocki · License #FL CQ1026002
Source:
Crexi
Added: Aug 13, 2024
Changed: Oct 2
Last Checked: Oct 14 at 11:01PM
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 The Boardwalk Company
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Investment Insights
Based on property information with market context.
Located in Palm Harbor, FL, this 3,692 square foot medical office building is move-in ready and requires no build-out. The office, constructed in 1985, was remodeled in 2003 for a medical orthopedic practitioner, providing a modern interior. It benefits from pylon signage on U.S. Highway 19 and a parking ratio of 5 spaces per 1,000 square feet. Situated 1.5 miles north of Countryside Mall, the property experiences a daily traffic count of 76,000 vehicles, according to FDOT, offering high visibility for signage. The location features a favorable demographic profile with strong income levels, making it suitable for a medical service provider. This property is an excellent investment opportunity for establishing a thriving medical practice.
Key Highlights
- Move‑in ready 3,692 SF medical office requiring no build‑out.
- Prime location on U.S. Highway 19 with high visibility pylon signage.
- High daily traffic count of 76,000 vehicles (FDOT data).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,323
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,146,460
$1.1M
Cap Rate 7%
$818,900
$818.9K
Cap Rate 9%
$636,922
$636.9K
Market Conditions
NOI Build-Up for 3,692 SF
Gross rent
$96.1K $26.04/SF
− Vacancy
−$19.7K −$5.34/SF
EGI
$76.4K $20.70/SF
− OpEx
−$19.1K −$5.18/SF
NOI
$57.3K $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%
$1,146,460
Cap Rate 7%
$818,900
Cap Rate 9%
$636,922
Alternative Uses
Best Use
Office B
$818.9K
$716.5K – $955.4K
NOI $57,323 @ 7.0% cap · market cap 6.40%
Second Best
Healthcare Medical
$486.5K
$425.7K – $567.5K
NOI $34,052 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$960.3K
$840.3K – $1.12M
NOI $67,222 @ 7.0% cap · market cap 7.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
733
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34684, FL
27,078
Population
14,308
Households
1.9
Avg Household Size
54
Median Age
35%
College-Educated
95%
High-School Grad
6.7 sq mi
ZIP Area
4,041
Density / Sq Mi
$67,542
Median Household Income
$47,427
Median Earnings
$1,781
Median Rent
$293,800
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
- Petco Vaccination Clinic — 30697 US Hwy 19 N, Palm Harbor, FL 34684
- Harbor Springs Vet — 31201 US Hwy 19 N STE 2, Palm Harbor, FL 34684
- Vet Wellcare Vaccinations Clinic at Pet Supermarket — 32560 US Hwy 19 N, Palm Harbor, FL 34683
Frequently Asked Questions
What type of property is this?
Medical Office Space - Move-in ready medical office building on U.S. Highway 19.
Where is this medical office space located?
The property is located at 31581 US Hwy 19 N Palm Harbor, FL.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Move‑in ready 3,692 SF medical office requiring no build‑out.; Prime location on U.S. Highway 19 with high visibility pylon signage.; High daily traffic count of 76,000 vehicles (FDOT data).
