Medical Office Building with Metal
6712 Dairy Rd Zephyrhills, FL 33542
For Sale
Contact for pricing
Custom-built medical office under a newly executed 5-year modified net lease with annual rent increases.
Property Size7,161 SF
Price / SF$281.48
Days on Market106
Property Features for 6712 Dairy Rd
General Information
- Standard status
- Active
- Size
- 7,161 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 2008
Listing Agency:
Matthews
Listed By:
Jacob Allen · License #FL3558421
Source:
Crexi
Added: Apr 9
Changed: Jul 23
Last Checked: Jul 23 at 2:28AM
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 Matthews
Investment Insights
Based on property information with market context.
This custom-built medical office building has been well maintained since completion and is leased under a Modified Net structure. The tenant is responsible for maintenance/repairs and all day-to-day expenses, and a newly executed 5-year lease is in place. The lease provides for 2% annual rental increases, supporting step-ups over the term. The building features durable construction and a metal roof.
The property is located near AdventHealth Zephyrhills Hospital and is surrounded by established medical offices. The surrounding area maintains a 4.7% vacancy rate, well below an approximate 8% state average, and the Zephyrhills/Pasco County area has experienced about 24% population growth over the past six years.
Per the current leasing context, rents are described as below market, with comparable medical space achieving mid-$20s per square foot.
The property is located near AdventHealth Zephyrhills Hospital and is surrounded by established medical offices. The surrounding area maintains a 4.7% vacancy rate, well below an approximate 8% state average, and the Zephyrhills/Pasco County area has experienced about 24% population growth over the past six years.
Per the current leasing context, rents are described as below market, with comparable medical space achieving mid-$20s per square foot.
Key Highlights
- Custom‑built 2008 medical office building
- Newly executed 5‑year modified net lease
- 2% annual rental increases included in the lease
Financial Insights For Healthcare Medical
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 | $120.3k | $16.80 |
| − Vacancy | −$10.2k | −$1.43 |
| EGI | $110.1k | $15.37 |
| − OpEx | −$44.0k | −$6.15 |
| NOI | $66.0k | $9.22 |
7,161 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$943.5K
$825.6K – $1.10M
NOI $66,047 @ 7.0% cap · market cap 3.28%
Second Best
Office B
$690.3K
$604.1K – $805.4K
NOI $48,324 @ 7.0% cap · market cap 2.40%
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M
NOI $114,186 @ 7.0% cap · market cap 5.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Pediatric Partners
Medical Clinic
Lin Kathryn R ...
Pediatrician
Angie P Pediatric ...
Pediatrician
Dr. Reshma Siddiqi
Pediatrician
Carol Geddes
Pediatrician
Similar Off Market Nearby
- Zephyrhills Animal Veterinary Care — 6040 8th st, zephyrhills, fl 33542
- Dr. Nancy Lee Bielawski D.V.M. — Tampa Bay Equine Practice,llc, PO Box 1239, Zephyrhills, FL 33539
FAQs
What type of property is this?
Medical Office Space - Custom-built medical office under a newly executed 5-year modified net lease with annual rent increases.
Where is this medical office space located?
The property is located at 6712 Dairy Rd Zephyrhills, FL.
What is the asking price?
The asking price for this property is $2,015,689.
What are key features of this property?
This property features: Custom‑built 2008 medical office building; Newly executed 5‑year modified net lease; 2% annual rental increases included in the lease
