Pediatric Medical Office
625 6th Avenue S Unit 405 St Petersburg, FL 33701
625 6th Avenue S Unit 405, St Petersburg, FL, 33701
$1,875,000
For Sale
$1,875,000
Fourth-floor medical condo with eight offices, reception, and EEG rooms, set up for pediatric office use.
Property Size3,704 SF
Price / SF$506.21
Days on Market720
Property Features for 625 6th Avenue S Unit 405
General Information
- Standard status
- Active
- Size
- 3,704 SF
- Property subtype
- Office
Building Details
- Year Built
- 2008
Listing agency
CENTURY 21 LISTSMART
(727) 222-1198
Listed by
Faye Walters · License #3274301
Source
Xome
Added: Aug 2, 2024 Updated: Jul 21 at 2:25PM Checked: Jul 22 at 3:54AM
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
Investment Insights
Based on property information with market context.
Fourth-floor medical office condo built out for pediatric use, offering eight offices with a reception area, nurse station, and two EEG rooms. The suite also includes a viewing/procedure room, a conference/break room, and an interior restroom, along with common-area restrooms on every floor.
The property is described as being conveniently located to Bayfront and All Children’s Hospital, with air-conditioned skywalk connections between the Orlando Bayfront Medical Center and John Hopkins All Children’s Pediatric Hospital. Access and amenities include an attached 8-story parking garage with free parking and free valet parking, plus 24/7 security and access control.
The space is positioned within a professionally managed, well-maintained medical campus setting and is designed to support day-to-day clinical office operations.
The property is described as being conveniently located to Bayfront and All Children’s Hospital, with air-conditioned skywalk connections between the Orlando Bayfront Medical Center and John Hopkins All Children’s Pediatric Hospital. Access and amenities include an attached 8-story parking garage with free parking and free valet parking, plus 24/7 security and access control.
The space is positioned within a professionally managed, well-maintained medical campus setting and is designed to support day-to-day clinical office operations.
Key Highlights
- 4th‑floor medical condo with 3,704 SF, built out for pediatric office use
- 8 offices plus reception area and nurse station
- Includes 2 EEG rooms and a viewing/procedure room
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $96.5k | $26.04 |
| − Vacancy | −$19.8k | −$5.34 |
| EGI | $76.7k | $20.70 |
| − OpEx | −$19.2k | −$5.18 |
| NOI | $57.5k | $15.53 |
3,704 SF · lease $26.04/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$821.6K
$718.9K – $958.5K
NOI $57,510 @ 7.0% cap · market cap 3.07%
Second Best
Healthcare Medical
$488.0K
$427.0K – $569.4K
NOI $34,163 @ 7.0% cap · market cap 1.82%
Theoretical Best
Office A
$963.4K
$843.0K – $1.12M
NOI $67,441 @ 7.0% cap · market cap 3.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hanger Clinic: Prosthetics ...
Orthotics & Prosthetics Service
Pediatric Neurology Associates
Physician
Karen Raimer, M.D.
Family Planning Counselor
Dr. Paul L ...
Pediatrician
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FAQs
What type of property is this?
Medical Office Space - Fourth-floor medical condo with eight offices, reception, and EEG rooms, set up for pediatric office use.
Where is this medical office space located?
The property is located at 625 6th Avenue S Unit 405 St Petersburg, FL.
What is the asking price?
The asking price for this property is $1,875,000.
What are key features of this property?
This property features: 4th‑floor medical condo with 3,704 SF, built out for pediatric office use; 8 offices plus reception area and nurse station; Includes 2 EEG rooms and a viewing/procedure room
