Freestanding Medical
New
For Sale
$334,900
38105 13TH, Zephyrhills, FL 33542
FBC3 zoning allows a range of professional and commercial uses.
Property Size1,392 SF
Lot Size0.32 Acres
Days on Market2
Property Features for 38105 13TH
General Information
Standard status
Active
Size
1,392 SF
Total Parking Spaces
11
Lot size
0.32 Acres
Property subtype
Commercial
Zoning
FBC3
Financials
Asking Price
$334,900
Cap Rate
7.2%
Additional Details
Office Units
1
Taxes and HOA fees
Annual Taxes
$3,637
Building Details
Building Size
1,392 SF
Year Built
1960
Buildings
1
Owner Occupied
No
Listing Agency:
BINGHAM REALTY INC
Listed By:
Brian Infantino · License #700275
(813) 714-2317
Source:
Elliman
Added: Sep 26
Last Checked: Sep 26 at 2:15PM
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 BINGHAM REALTY INC
Investment Insights
Based on property information with market context.
This medical office has three exam rooms, a lobby, reception area, lab, storage, break room, manager’s office, and private physician’s office. Two ADA-compliant restrooms serve patients and staff. The building has newer LVP flooring, a roof replaced in 2024, and a recently replaced HVAC system. It is currently tenant-occupied with flexible lease terms.
The property sits on approximately 0.32 acres at the corner of 13th Ave and 6th St in Zephyrhills. A monument sign marks the corner, and the site includes 10 parking spaces plus a covered, dedicated owner space. Additional green space is located behind the building. The property is zoned FBC3 and is not in a flood zone.
The property sits on approximately 0.32 acres at the corner of 13th Ave and 6th St in Zephyrhills. A monument sign marks the corner, and the site includes 10 parking spaces plus a covered, dedicated owner space. Additional green space is located behind the building. The property is zoned FBC3 and is not in a flood zone.
Key Highlights
- Three exam rooms, lab, reception, lobby, and private physician’s office
- Two ADA‑compliant restrooms, including separate patient and staff facilities
- Roof replaced in 2024; HVAC system recently replaced
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,839
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$256,780
$256.8K
Cap Rate 7%
$183,414
$183.4K
Cap Rate 9%
$142,656
$142.7K
Market Conditions
NOI Build-Up for 1,392 SF
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.
Gross rent
$23.4K $16.80/SF
− Vacancy
−$2.0K −$1.43/SF
EGI
$21.4K $15.37/SF
− OpEx
−$8.6K −$6.15/SF
NOI
$12.8K $9.22/SF
Area
Pasco County, FL
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$256,780
Cap Rate 7%
$183,414
Cap Rate 9%
$142,656
Alternative Uses
Best Use
Healthcare Medical
$183.4K
$160.5K – $214.0K
NOI $12,839 @ 7.0% cap · market cap 3.83%
Second Best
Office B
$134.2K
$117.4K – $156.6K
NOI $9,393 @ 7.0% cap · market cap 2.80%
Theoretical Best
Office A
$317.1K
$277.5K – $369.9K
NOI $22,196 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
753
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33542, FL
22,649
Population
13,600
Households
1.7
Avg Household Size
54
Median Age
16%
College-Educated
89%
High-School Grad
10.4 sq mi
ZIP Area
2,178
Density / Sq Mi
$49,011
Median Household Income
$34,267
Median Earnings
$1,049
Median Rent
$129,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - FBC3 zoning allows a range of professional and commercial uses.
Where is this medical office space located?
The property is located at 38105 13TH Zephyrhills, FL.
What is the asking price?
The asking price for this property is $334,900.
What are key features of this property?
This property features: Three exam rooms, lab, reception, lobby, and private physician’s office; Two ADA‑compliant restrooms, including separate patient and staff facilities; Roof replaced in 2024; HVAC system recently replaced
