Medical Office Suite with Procedure
For Sale
$1,725,000
405-625 6th Ave S, Saint Petersburg, FL 33701
Fourth-floor medical office with pediatric buildout, dedicated clinical rooms, natural light, parking access, and controlled entry.
Property Size3,704 SF
Price / SF$465.71
Days on Market800
Property Features for 405-625 6th Ave S
General Information
Standard status
Active
Size
3,704 SF
Additional Details
Floor
4
Highway Access
Yes
Office Units
1
Taxes and HOA fees
Annual Taxes
$15,061
Amenities
air conditioned skywalk ways
24/7 security
access control
free valet parking service
Building Details
Tenancy
Multi
Listing Agency:
CENTURY 21 LISTSMART
(727) 222-1198
Listed By:
Faye Walters · License #3274301
(727) 580-3858
Source:
Exprealty
Added: Aug 28, 2024
Changed: Nov 1
Last Checked: Nov 4 at 3:51PM
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 CENTURY 21 LISTSMART
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,704-square-foot medical office occupies the fourth floor and includes an existing pediatric-oriented buildout. The layout provides 8 offices, a reception area, nurse station, 2 EEG rooms, a viewing and procedure room, conference/break room, and an interior restroom. Common-area restrooms are available on every floor, and the suite receives natural light.
The property is near Bayfront and All Children's Hospital, with air-conditioned skywalks connecting Orlando Bayfront Medical Center and Johns Hopkins All Children's Pediatric Hospital. An attached 8-story parking garage provides parking, complemented by free valet service. The building also offers professional management, 24/7 security, and access control, with proximity to downtown and I-275.
The property is near Bayfront and All Children's Hospital, with air-conditioned skywalks connecting Orlando Bayfront Medical Center and Johns Hopkins All Children's Pediatric Hospital. An attached 8-story parking garage provides parking, complemented by free valet service. The building also offers professional management, 24/7 security, and access control, with proximity to downtown and I-275.
Key Highlights
- 3,704 SF fourth‑floor medical office suite
- 8 offices plus reception area and nurse station
- 2 EEG rooms and dedicated viewing/procedure room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,510
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,150,200
$1.2M
Cap Rate 7%
$821,571
$821.6K
Cap Rate 9%
$639,000
$639.0K
Market Conditions
NOI Build-Up for 3,704 SF
Gross rent
$96.5K $26.04/SF
− Vacancy
−$19.8K −$5.34/SF
EGI
$76.7K $20.70/SF
− OpEx
−$19.2K −$5.18/SF
NOI
$57.5K $15.53/SF
Area
Pinellas County, FL
Vacancy
20.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,150,200
Cap Rate 7%
$821,571
Cap Rate 9%
$639,000
Alternative Uses
Best Use
Office B
$821.6K
$718.9K – $958.5K
NOI $57,510 @ 7.0% cap · market cap 3.33%
Second Best
Healthcare Medical
$488.0K
$427.0K – $569.4K
NOI $34,163 @ 7.0% cap · market cap 1.98%
Theoretical Best
Office A
$963.4K
$843.0K – $1.12M
NOI $67,441 @ 7.0% cap · market cap 3.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
294
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33701, FL
19,137
Population
13,434
Households
1.4
Avg Household Size
48
Median Age
55%
College-Educated
96%
High-School Grad
2.7 sq mi
ZIP Area
7,088
Density / Sq Mi
$69,098
Median Household Income
$48,072
Median Earnings
$1,531
Median Rent
$590,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Fourth-floor medical office with pediatric buildout, dedicated clinical rooms, natural light, parking access, and controlled entry.
Where is this medical office space located?
The property is located at 405-625 6th Ave S Saint Petersburg, FL.
What is the asking price?
The asking price for this property is $1,725,000.
What are key features of this property?
This property features: 3,704 SF fourth‑floor medical office suite; 8 offices plus reception area and nurse station; 2 EEG rooms and dedicated viewing/procedure room
