Medical Office Condo
For Sale
Contact for pricing
4710 N Habana Ave, Tampa, FL 33614
Medical office condo with reception, two exam rooms, and executive offices, plus kitchen and three restrooms.
Property Size1,517 SF
Price / SF$270.27
Days on Market95
Property Features for 4710 N Habana Ave
General Information
Standard status
Active
Size
1,517 SF
Elevators
Yes
Property subtype
OFFICE
Zoning
OP-1
Additional Details
HOA Fee
$1,688
Listing Agency:
Saunders Real Estate, LLC
(863) 648-1528
Listed By:
Liz Menéndez
(727) 409-0101
Source:
Moodyscre
Added: Jun 11
Changed: Sep 4
Last Checked: Sep 13 at 11:52AM
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 Saunders Real Estate, LLC
Investment Insights
Based on property information with market context.
This medical office condo totals 1,517 square feet and is configured with a reception and waiting room, two exam rooms, two executive offices, a kitchen, and three restrooms. The unit’s layout is designed for day-to-day patient-facing and staff workflow within a dedicated office suite.
Zoned OP-1 (Office Professional - MED intensity 60 FT), the property is centrally located within a high-demand medical district. It is within walking distance to BayCare St. Joseph's Hospital.
The monthly condo association fee is $1,688.34 and includes building maintenance, janitorial services for common areas, building insurance, management, exterior pest control, parking lot repairs, landscaping, signage, elevator and water.
Zoned OP-1 (Office Professional - MED intensity 60 FT), the property is centrally located within a high-demand medical district. It is within walking distance to BayCare St. Joseph's Hospital.
The monthly condo association fee is $1,688.34 and includes building maintenance, janitorial services for common areas, building insurance, management, exterior pest control, parking lot repairs, landscaping, signage, elevator and water.
Key Highlights
- 1,517 SF commercial condo with reception/waiting room, 2 exam rooms, 2 executive offices, kitchen, and 3 restrooms
- Zoned OP‑1 (Office Professional - MED intensity 60 FT)
- Monthly condo association fee is $1,688.34 and includes building maintenance, janitorial for common areas, building insurance, and management
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
$13,992
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
3.41%
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%
$279,840
$279.8K
Cap Rate 7%
$199,886
$199.9K
Cap Rate 9%
$155,467
$155.5K
Market Conditions
NOI Build-Up for 1,517 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
$25.5K $16.80/SF
− Vacancy
−$2.2K −$1.43/SF
EGI
$23.3K $15.37/SF
− OpEx
−$9.3K −$6.15/SF
NOI
$14.0K $9.22/SF
Area
ZIP 33614
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%
$279,840
Cap Rate 7%
$199,886
Cap Rate 9%
$155,467
Alternative Uses
Best Use
Healthcare Medical
$199.9K
$174.9K – $233.2K
NOI $13,992 @ 7.0% cap · market cap 3.41%
Second Best
Office B
$146.2K
$128.0K – $170.6K
NOI $10,237 @ 7.0% cap · market cap 2.50%
Theoretical Best
Multifamily LT 5
$253.0K
$221.3K – $295.1K
NOI $17,707 @ 7.0% cap · market cap 4.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,862
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33614, FL
47,695
Population
19,660
Households
2.4
Avg Household Size
39
Median Age
23%
College-Educated
78%
High-School Grad
9.7 sq mi
ZIP Area
4,917
Density / Sq Mi
$51,143
Median Household Income
$31,350
Median Earnings
$1,399
Median Rent
$295,700
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 Tampa, FL
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office condo with reception, two exam rooms, and executive offices, plus kitchen and three restrooms.
Where is this medical office space located?
The property is located at 4710 N Habana Ave Tampa, FL.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: 1,517 SF commercial condo with reception/waiting room, 2 exam rooms, 2 executive offices, kitchen, and 3 restrooms; Zoned OP‑1 (Office Professional - MED intensity 60 FT); Monthly condo association fee is $1,688.34 and includes building maintenance, janitorial for common areas, building insurance, and management
