Dental Medical Office
New
For Sale
$834,625
401 Howell Ave, Brooksville, FL 34601
Healthcare property associated with a four-location dental portfolio and long-term contractual lease terms.
Property Size3,704 SF
Price / SF$225.33
Days on Market2
Property Features for 401 Howell Ave
General Information
Standard status
Active
Size
3,704 SF
Property subtype
Office Medical
Occupancy
100%
Net Operating Income
$306,026
Amenities
100 Percent Leased to Dental Care Alliance
10 Years of Lease Term Remaining
Two Percent Annual Rental Increases
Building Details
Building Size
3,704 SF
Year Built
1983
Tenancy
Single
Owner Occupied
No
Listing Agency:
Marcus & Millichap - Cleveland
Listed By:
Kobe Gaskin · License #License(s): OH: SAL.2025003139
(216) 264-2032
Source:
Marcusmillichap
Added: Sep 18
Last Checked: Sep 19 at 5:56AM
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 Marcus & Millichap - Cleveland
Investment Insights
Based on property information with market context.
This medical office offering is part of a four-property dental portfolio serving Central Florida. The Brooksville asset at 401 Howell Avenue contains 3,704 square feet and was constructed in 1983. The portfolio also includes dental facilities in Lakeland and Bartow, with the properties available together or separately.
The portfolio is fully leased to Dental Care Alliance under lease agreements with approximately 10 years of remaining term and contractual 2% annual rental increases. The Brooksville property is positioned within an established healthcare-focused operating platform, while the broader offering provides multiple acquisition configurations for purchasers evaluating a single medical office or the full portfolio.
The portfolio is fully leased to Dental Care Alliance under lease agreements with approximately 10 years of remaining term and contractual 2% annual rental increases. The Brooksville property is positioned within an established healthcare-focused operating platform, while the broader offering provides multiple acquisition configurations for purchasers evaluating a single medical office or the full portfolio.
Key Highlights
- 3,704‑square‑foot medical office property at 401 Howell Avenue in Brooksville, FL
- Built in 1983
- Part of a four‑property dental portfolio across Brooksville, Lakeland, and Bartow
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
$34,163
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
4.09%
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%
$683,260
$683.3K
Cap Rate 7%
$488,043
$488.0K
Cap Rate 9%
$379,589
$379.6K
Market Conditions
NOI Build-Up for 3,704 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
$62.2K $16.80/SF
− Vacancy
−$5.3K −$1.43/SF
EGI
$56.9K $15.37/SF
− OpEx
−$22.8K −$6.15/SF
NOI
$34.2K $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%
$683,260
Cap Rate 7%
$488,043
Cap Rate 9%
$379,589
Alternative Uses
Best Use
Healthcare Medical
$488.0K
$427.0K – $569.4K
NOI $34,163 @ 7.0% cap · market cap 4.09%
Second Best
Office B
$357.1K
$312.4K – $416.6K
NOI $24,995 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$843.8K
$738.3K – $984.4K
NOI $59,063 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
933
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34601, FL
23,001
Population
12,276
Households
1.9
Avg Household Size
50
Median Age
20%
College-Educated
88%
High-School Grad
114.0 sq mi
ZIP Area
202
Density / Sq Mi
$56,365
Median Household Income
$35,182
Median Earnings
$1,066
Median Rent
$151,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Healthcare property associated with a four-location dental portfolio and long-term contractual lease terms.
Where is this medical office space located?
The property is located at 401 Howell Ave Brooksville, FL.
What is the asking price?
The asking price for this property is $834,625.
What are key features of this property?
This property features: 3,704‑square‑foot medical office property at 401 Howell Avenue in Brooksville, FL; Built in 1983; Part of a four‑property dental portfolio across Brooksville, Lakeland, and Bartow
