Palm Harbor Medical Office
31581 US Hwy 19 N Palm Harbor, FL 34684
31581 US Hwy 19 N, Palm Harbor, FL, 34684
Contact for pricing
For Sale
Contact for pricing
Move-in ready medical office building on U.S. Highway 19.
Property Size3,692 SF
Price / SF$242.42
Days on Market704
Property Features for 31581 US Hwy 19 N
General Information
- Standard status
- Active
- Size
- 3,692 SF
- Property subtype
- Office
Building Details
- Year Built
- 1985
Listing Agency
The Boardwalk Company
Listed by
John Quattrocki · License #FL CQ1026002
Source
Crexi
Added: Aug 13, 2024 Checked: Jul 15 at 11:08 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 The Boardwalk Company
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).
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 | $96.1k | $26.04 |
| − Vacancy | −$19.7k | −$5.34 |
| EGI | $76.4k | $20.70 |
| − OpEx | −$19.1k | −$5.18 |
| NOI | $57.3k | $15.53 |
3,692 SF · lease $26.04/SF/yr · vacancy 20.50% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Center for Orthopaedic Injuries ...
Physician
Center For Orthopedic Injuries
Physician
Ronald D. Troxell, ...
Physician
Center for Orthopaedic Injuries ...
Medical Clinic
Similar For Sale Nearby
Similar Off Market Nearby
- 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
- Petco Vaccination Clinic — 30697 US Hwy 19 N, Palm Harbor, FL 34684
FAQs
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).
