Medical Office Suite with Treatment
For Sale
Contact for pricing
625 6th Avenue South, St Petersburg, FL 33701
Hospital-campus space includes a private patio and climate-controlled skywalk links to nearby medical facilities.
Property Size4,459 SF
Price / SF$538.24
Days on Market23
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Property Features for 625 6th Avenue South
General Information
Standard status
Active
Size
4,459 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Amenities
private outdoor patio
climate-controlled skywalk connections
Building Details
Tenancy
Multi
Listing Agency:
Commercial Partners Realty
Listed By:
Harrison Gault · License #SL3611132
(727) 677-8070
Source:
Crexi
Added: Sep 23
Changed: Oct 1
Last Checked: Oct 14 at 11:13PM
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 Commercial Partners Realty
Investment Insights
Based on property information with market context.
This 4,459-square-foot medical office suite at 625 6th Avenue South contains eight treatment rooms, seven equipped with sinks, and a private outdoor patio. Garage and valet parking serve the property. The space is positioned near the building’s main entrance, with climate-controlled skywalk connections to surrounding hospital campuses.
The property is on the Orlando Health Bayfront Hospital campus and directly adjacent to Johns Hopkins All Children’s Hospital. I-275 and Downtown St. Petersburg are accessible from the site. The suite has previously accommodated a day spa, dermatology clinic, and neuropsychiatry group, and other healthcare providers are located in the building.
The property is on the Orlando Health Bayfront Hospital campus and directly adjacent to Johns Hopkins All Children’s Hospital. I-275 and Downtown St. Petersburg are accessible from the site. The suite has previously accommodated a day spa, dermatology clinic, and neuropsychiatry group, and other healthcare providers are located in the building.
Key Highlights
- 4,459‑square‑foot medical office suite
- Eight treatment rooms, seven with sinks
- Private outdoor patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,232
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,384,640
$1.4M
Cap Rate 7%
$989,029
$989.0K
Cap Rate 9%
$769,244
$769.2K
Market Conditions
NOI Build-Up for 4,459 SF
Gross rent
$116.1K $26.04/SF
− Vacancy
−$23.8K −$5.34/SF
EGI
$92.3K $20.70/SF
− OpEx
−$23.1K −$5.18/SF
NOI
$69.2K $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%
$1,384,640
Cap Rate 7%
$989,029
Cap Rate 9%
$769,244
Alternative Uses
Best Use
Office B
$989.0K
$865.4K – $1.15M
NOI $69,232 @ 7.0% cap · market cap 2.88%
Second Best
Healthcare Medical
$587.5K
$514.1K – $685.4K
NOI $41,126 @ 7.0% cap · market cap 1.71%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $81,187 @ 7.0% cap · market cap 3.38%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,221
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Hospital-campus space includes a private patio and climate-controlled skywalk links to nearby medical facilities.
Where is this medical office space located?
The property is located at 625 6th Avenue South St Petersburg, FL.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 4,459‑square‑foot medical office suite; Eight treatment rooms, seven with sinks; Private outdoor patio
