Medical Office with NNN
3203 LITHIA PINECREST RD, Valrico, FL
For Sale
Contact for pricing
A corporate-guaranteed tenant occupies the property under a long-term lease with renewal options.
Property Size3,695 SF
Lot Size0.64 Acres
Price / SF$520.99
Days on Market13
Property Features for 3203 LITHIA PINECREST RD
General Information
Standard status
Size
Lot size
Property subtype
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Gross Income
Road Access
Property Use
Medical Specialty
Building Details
Tenancy
Listing Agency:
SURMOUNT
Listed By:
Gabriel Britti · License #FL SL3211804
(518) 269-0496
Source:
Crexi
Added: Oct 28
Changed: Nov 8
Last Checked: Nov 8 at 6:08PM
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 SURMOUNT
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Investment Insights
Based on property information with market context.
This 3,695-square-foot medical office occupies approximately 0.64 acres at 3203 Lithia Pinecrest Road in Valrico, Florida. Sage Dental leases the property under a 15-year NNN agreement backed by a corporate guaranty. The lease includes four five-year renewal options, with annual increases of 2% starting in year seven; landlord responsibilities are stated as zero.
Lithia Pinecrest Road carries 25,000 to 30,000 vehicles per day and connects Valrico and Lithia with commercial areas along State Road 60 in Brandon. The property is within three miles of 71,446 residents. Nearby FishHawk Ranch was approved for 7,000 homes.
Lithia Pinecrest Road carries 25,000 to 30,000 vehicles per day and connects Valrico and Lithia with commercial areas along State Road 60 in Brandon. The property is within three miles of 71,446 residents. Nearby FishHawk Ranch was approved for 7,000 homes.
Key Highlights
- 3,695‑square‑foot medical office on approximately 0.64 acres
- Sage Dental tenant under a 15‑year NNN lease with corporate guaranty
- Four 5‑year renewal options; 2% annual increases begin in year 7
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,669
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,313,380
$1.3M
Cap Rate 7%
$938,129
$938.1K
Cap Rate 9%
$729,656
$729.7K
Market Conditions
NOI Build-Up for 3,695 SF
Gross rent
$107.3K $29.04/SF
− Vacancy
−$19.7K −$5.34/SF
EGI
$87.6K $23.70/SF
− OpEx
−$21.9K −$5.92/SF
NOI
$65.7K $17.77/SF
Area
Brandon, FL
Vacancy
18.40%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,313,380
Cap Rate 7%
$938,129
Cap Rate 9%
$729,656
Alternative Uses
Best Use
Office B
$938.1K
$820.9K – $1.09M
NOI $65,669 @ 7.0% cap · market cap 3.41%
Second Best
Healthcare Medical
$779.9K
$682.4K – $909.9K
NOI $54,591 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,300 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,034
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
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Market
Average Price Trend$/SF for Medical Office Space in Hillsborough County, FL
Properties on Market for Medical Office Space in Hillsborough County
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - A corporate-guaranteed tenant occupies the property under a long-term lease with renewal options.
Where is this medical office space located?
The property is located at 3203 LITHIA PINECREST RD Valrico, FL.
What is the asking price?
The asking price for this property is $1,925,059.
What are key features of this property?
This property features: 3,695‑square‑foot medical office on approximately 0.64 acres; Sage Dental tenant under a 15‑year NNN lease with corporate guaranty; Four 5‑year renewal options; 2% annual increases begin in year 7
