Medical Office Condo with Procedure
For Sale
$1,725,000
625 6TH S 405, St Petersburg, FL 33701
Fourth-floor medical suite with pediatric-office buildout, clinical rooms, natural light, and controlled building access.
Property Size3,704 SF
Price / SF$465.71
Days on Market48
Property Features for 625 6TH S 405
General Information
Standard status
Active
Size
3,704 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Floor
4
Taxes and HOA fees
Annual Taxes
$15,061
Amenities
air conditioned skywalk ways
24/7 security
access control
Building Details
Building Size
3,704 SF
Year Built
2008
Listed By:
Pete Apostolou
(727) 647-0342
Source:
Elliman
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 28 at 9:17AM
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 Pete Apostolou
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Investment Insights
Based on property information with market context.
This 3,704 sq ft medical office condo occupies the fourth floor of a professionally managed building constructed in 2008. The existing pediatric-office buildout includes 8 offices, a reception area, nurse station, 2 EEG Rooms, a viewing/procedure room, conference/break room, and an interior restroom. Common-area restrooms are available on every floor, and the suite receives abundant natural light.
The property includes access to air-conditioned skywalks connecting the surrounding medical facilities, along with an attached 8-story parking garage and free valet parking service. Building amenities include 24/7 security and access control. The location is near downtown St. Petersburg and I-275, with bikeScore 94, walkScore 97, and transitScore 56.
The property includes access to air-conditioned skywalks connecting the surrounding medical facilities, along with an attached 8-story parking garage and free valet parking service. Building amenities include 24/7 security and access control. The location is near downtown St. Petersburg and I-275, with bikeScore 94, walkScore 97, and transitScore 56.
Key Highlights
- 3,704 sq ft fourth‑floor medical office condo
- 8 offices with reception area and nurse station
- 2 EEG Rooms plus 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.
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Property Analytics
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Current Use
Lease Details
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
Similar Off Market Nearby
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- Mark A. Scribano, D.V.M. — 1401 4th St N, St. Petersburg, FL 33704
Frequently Asked Questions
What type of property is this?
Medical Office Space - Fourth-floor medical suite with pediatric-office buildout, clinical rooms, natural light, and controlled building access.
Where is this medical office space located?
The property is located at 625 6TH S 405 St 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 sq ft fourth‑floor medical office condo; 8 offices with reception area and nurse station; 2 EEG Rooms plus viewing/procedure room
