4-Unit Office
37223 Medical Drive, Dade City, FL 33525
For Sale
Contact for pricing
Connected sewer, city water and electric service support the property's four-unit office configuration.
Property Size5,000 SF
Lot Size0.40 Acres
Price / SF$196
Days on Market33
Property Features for 37223 Medical Drive
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Road Access
Utilities to Site
Additional Details
Opportunity Zone
Office Units
Property Use
Building Details
Building Size
Tenancy
Listing Agency:
ACRE Expert LLC
Listed By:
Drew Attias
Source:
Crexi
Added: Oct 9
Changed: Nov 8
Last Checked: Nov 8 at 5:07PM
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 ACRE Expert LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 5,000-square-foot office building is divided into four units and occupies a 0.40-acre parcel. The site is zoned RIO, with road access and connected sewer and electric service; water is provided by the city. It is outside a flood zone, and no wetlands are present.
Key Highlights
- Four‑unit office layout
- 5,000 square feet of building area
- 0.40‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,662
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,353,240
$1.4M
Cap Rate 7%
$966,600
$966.6K
Cap Rate 9%
$751,800
$751.8K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$126.0K $25.20/SF
− Vacancy
−$13.2K −$2.65/SF
EGI
$112.8K $22.55/SF
− OpEx
−$45.1K −$9.02/SF
NOI
$67.7K $13.53/SF
Area
Pasco County, FL
Vacancy
10.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,353,240
Cap Rate 7%
$966,600
Cap Rate 9%
$751,800
Alternative Uses
Best Use
Healthcare Medical
$966.6K
$845.8K – $1.13M
NOI $67,662 @ 7.0% cap · market cap 6.87%
Second Best
Office B
$869.7K
$761.0K – $1.01M
NOI $60,881 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $109,155 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Office units
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
261
Businesses Nearby
Explore this area
Business Placement
Demographics for 33525, FL
18,620
Population
8,700
Households
2.1
Avg Household Size
48
Median Age
28%
College-Educated
90%
High-School Grad
96.0 sq mi
ZIP Area
194
Density / Sq Mi
$69,697
Median Household Income
$42,178
Median Earnings
$1,045
Median Rent
$228,700
Median Home Value
Market
Average Price Trend$/SF for Office Units in Pasco County, FL
Properties on Market for Office Units in Pasco County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Connected sewer, city water and electric service support the property's four-unit office configuration.
Where is this office unit located?
The property is located at 37223 Medical Drive Dade City, FL.
What is the asking price?
The asking price for this property is $984,999.
What are key features of this property?
This property features: Four‑unit office layout; 5,000 square feet of building area; 0.40‑acre parcel
